Co-Diagnostics, Inc. Common Stock (CODX) — Tangible Net Worth Ratio
Co-Diagnostics, Inc. Common Stock (CODX) has a Tangible Net Worth Ratio of 55.0% as of March 2026. This metric is calculated by deducting intangible assets ($7.22 Million) from net assets ($16.04 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Co-Diagnostics, Inc. Common Stock net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Co-Diagnostics, Inc. Common Stock Tangible Net Worth Ratio (2014–2025)
This chart shows how Co-Diagnostics, Inc. Common Stock's Tangible Net Worth Ratio has changed across 9 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 55.0%, reflecting net assets of $16.04 Million with intangible assets of $7.22 Million USD. For live market cap and overall valuation, see Co-Diagnostics, Inc. Common Stock market capitalisation.
Annual Tangible Net Worth Ratio for Co-Diagnostics, Inc. Common Stock (2014–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Co-Diagnostics, Inc. Common Stock from 2014 to 2025, covering 9 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Co-Diagnostics, Inc. Common Stock (CODX) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 65.0% | $20.63 Million | $7.22 Million | $24.74 Million | ▲ +13.1 pp |
| 2024 | 51.9% | $54.31 Million | $26.10 Million | $64.00 Million | ▼ -17.4 pp |
| 2023 | 69.3% | $86.01 Million | $26.40 Million | $95.32 Million | ▼ -7.3 pp |
| 2022 | 76.6% | $114.52 Million | $26.77 Million | $123.09 Million | ▼ -3.2 pp |
| 2021 | 79.8% | $134.48 Million | $27.20 Million | $160.03 Million | ▼ -20.2 pp |
| 2020 | 100.0% | $66.70 Million | $0.00 | $71.24 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $1.74 Million | $0.00 | $2.22 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $3.85 Million | $0.00 | $4.66 Million | ▲ +0.0 pp |
| 2014 | 100.0% | $138.63K | $0.00 | $259.85K | — |