Co-Diagnostics (CODX) Debt Ratio (2016 - 2026)
Co-Diagnostics' (CODX) Debt Ratio came in at 0.06 for Q3 2026, up 233.6% from 0.02 a year earlier and up 17.4% from the prior quarter.
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Analysis
Co-Diagnostics (CODX) Debt Ratio (2016 - 2026) Analysis & Trends
For FY2025, Co-Diagnostics' Debt Ratio stood at 0.03, up 85.8% from FY2024.
- Annual Debt Ratio has increased for three consecutive years.
- In prior years, Co-Diagnostics' Debt Ratio was 0.01 in FY2024 (+63.8%), 0.01 in FY2023 (+264.3%) and 0.00 in FY2022.
- The Q3 2026 figure stands as the highest quarterly Debt Ratio since Q4 2018.
- On a year-over-year basis, Debt Ratio has increased in each of the last 15 quarters, with growth averaging 106.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Debt Ratio ran from 34.3% in Q3 2025 to 318.6% in Q1 2024.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.05 (Q2 2026), 0.04 (Q1 2026) and 0.03 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 0.36 |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 0.29 |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 0.28 |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | - |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 0.32 |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 0.26 |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 0.04 |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | 0.31 |
| 10 | Co-Diagnostics | 1.90 Mn | -22.58 Mn | -20,463.00 | 0.06 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.06 |
| Jun 30, 2026 | 0.05 |
| Mar 31, 2026 | 0.04 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.02 |
| Jun 30, 2025 | 0.02 |
| Mar 31, 2025 | 0.02 |
| Dec 31, 2024 | 0.01 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | 0.01 |
| Mar 31, 2024 | 0.01 |
| Dec 31, 2023 | 0.01 |
| Sep 30, 2023 | 0.01 |
| Jun 30, 2023 | 0.01 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2018 | 1.23 |
API Access
Co-Diagnostics Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CODX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CODX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CODX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();