Codexis Net Debt vs Short Term Investments Analysis

CDXS Stock  USD 5.81  0.14  2.47%   
Codexis financial indicator trend analysis is way more than just evaluating Codexis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Codexis is a good investment. Please check the relationship between Codexis Net Debt and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Codexis Stock please use our How to Invest in Codexis guide.

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Codexis Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Codexis' Net Debt and Short Term Investments is 0.31. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Codexis, assuming nothing else is changed. The correlation between historical values of Codexis' Net Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Codexis are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., Codexis' Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Short Term Investments

Short Term Investments is an item under the current assets section of Codexis balance sheet. It contains any investments Codexis undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Codexis can easily liquidate in the marketplace.
Most indicators from Codexis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Codexis current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Codexis Stock please use our How to Invest in Codexis guide.Tax Provision is likely to gain to about 194.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 35.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense7.6M1.4M1.7M1.9M
Depreciation And Amortization5.9M10.3M9.9M6.9M

Codexis fundamental ratios Correlations

0.910.940.780.920.960.14-0.8-0.52-0.030.910.90.110.950.970.190.680.40.20.830.750.620.780.980.86-0.07
0.910.840.720.760.940.19-0.71-0.57-0.290.880.82-0.110.860.920.10.650.55-0.050.760.710.730.790.890.92-0.37
0.940.840.910.850.930.36-0.66-0.620.130.770.910.310.830.940.150.710.30.360.850.770.590.860.880.84-0.03
0.780.720.910.640.80.68-0.47-0.610.190.590.810.220.630.850.040.620.30.460.720.670.620.810.710.84-0.1
0.920.760.850.640.84-0.02-0.77-0.560.090.830.810.20.880.890.440.80.050.220.790.850.270.640.910.670.1
0.960.940.930.80.840.18-0.62-0.5-0.030.80.960.10.830.950.140.650.460.220.860.710.680.810.880.89-0.08
0.140.190.360.68-0.020.180.01-0.460.040.050.210.080.030.27-0.070.230.090.240.170.220.350.420.10.41-0.27
-0.8-0.71-0.66-0.47-0.77-0.620.010.510.32-0.96-0.460.07-0.95-0.75-0.14-0.61-0.310.18-0.54-0.67-0.43-0.51-0.91-0.660.35
-0.52-0.57-0.62-0.61-0.56-0.5-0.460.510.1-0.55-0.4-0.02-0.51-0.59-0.36-0.860.190.03-0.54-0.85-0.09-0.74-0.54-0.560.41
-0.03-0.290.130.190.09-0.030.040.320.1-0.330.180.29-0.19-0.030.06-0.05-0.390.92-0.01-0.04-0.250.07-0.13-0.240.71
0.910.880.770.590.830.80.05-0.96-0.55-0.330.64-0.10.980.870.120.680.43-0.140.670.740.580.640.970.81-0.38
0.90.820.910.810.810.960.21-0.46-0.40.180.640.250.710.880.170.550.360.440.860.620.590.780.780.80.18
0.11-0.110.310.220.20.10.080.07-0.020.29-0.10.250.00.070.080.12-0.260.310.410.1-0.140.140.04-0.060.49
0.950.860.830.630.880.830.03-0.95-0.51-0.190.980.710.00.90.160.650.390.00.710.720.560.660.990.79-0.22
0.970.920.940.850.890.950.27-0.75-0.59-0.030.870.880.070.90.220.750.370.20.770.80.620.760.940.89-0.18
0.190.10.150.040.440.14-0.07-0.14-0.360.060.120.170.080.160.220.43-0.61-0.060.070.38-0.470.030.180.020.21
0.680.650.710.620.80.650.23-0.61-0.86-0.050.680.550.120.650.750.43-0.170.030.660.990.080.60.690.58-0.24
0.40.550.30.30.050.460.09-0.310.19-0.390.430.36-0.260.390.37-0.61-0.17-0.130.25-0.10.930.280.390.58-0.39
0.2-0.050.360.460.220.220.240.180.030.92-0.140.440.310.00.2-0.060.03-0.130.230.080.060.290.070.060.67
0.830.760.850.720.790.860.17-0.54-0.54-0.010.670.860.410.710.770.070.660.250.230.730.470.80.750.730.06
0.750.710.770.670.850.710.22-0.67-0.85-0.040.740.620.10.720.80.380.99-0.10.080.730.160.670.760.66-0.23
0.620.730.590.620.270.680.35-0.43-0.09-0.250.580.59-0.140.560.62-0.470.080.930.060.470.160.560.580.79-0.37
0.780.790.860.810.640.810.42-0.51-0.740.070.640.780.140.660.760.030.60.280.290.80.670.560.710.77-0.15
0.980.890.880.710.910.880.1-0.91-0.54-0.130.970.780.040.990.940.180.690.390.070.750.760.580.710.83-0.19
0.860.920.840.840.670.890.41-0.66-0.56-0.240.810.8-0.060.790.890.020.580.580.060.730.660.790.770.83-0.38
-0.07-0.37-0.03-0.10.1-0.08-0.270.350.410.71-0.380.180.49-0.22-0.180.21-0.24-0.390.670.06-0.23-0.37-0.15-0.19-0.38
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Codexis Account Relationship Matchups

Codexis fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets149.1M221.6M246.4M250.4M136.6M124.1M
Short Long Term Debt Total26.1M25.0M47.7M43.6M16.0M17.2M
Other Current Liab11.5M14.9M19.6M21.4M16.0M13.6M
Total Current Liabilities15.4M25.0M33.4M49.1M35.8M28.4M
Total Stockholder Equity105.5M170.1M164.4M144.8M86.6M56.1M
Property Plant And Equipment Net30.4M31.2M65.5M61.9M28.6M21.9M
Current Deferred Revenue57K1.8M2.6M13.7M10.1M10.6M
Net Debt(64.4M)(124.2M)(69.1M)(70.3M)(49.1M)(51.5M)
Retained Earnings(342.4M)(366.4M)(387.7M)(421.3M)(497.5M)(472.7M)
Accounts Payable2.6M3.0M3.0M3.2M5.9M4.0M
Cash90.5M149.1M116.8M114.0M65.1M60.0M
Non Current Assets Total34.9M37.2M84.5M87.5M43.1M36.4M
Non Currrent Assets Other1.2M1.4M1.8M1.9M2.3M1.8M
Cash And Short Term Investments90.5M150.1M116.8M114.0M65.1M66.9M
Net Receivables20.2M29.3M37.7M40.9M19.9M15.8M
Common Stock Shares Outstanding56.5M59.4M64.6M65.3M68.1M41.4M
Liabilities And Stockholders Equity149.1M221.6M246.4M250.4M136.6M124.1M
Non Current Liabilities Total28.2M26.6M48.6M56.5M14.1M13.4M
Inventory371K964K1.2M2.0M2.7M1.4M
Other Current Assets3.2M4.1M6.3M6.0M5.7M2.9M
Other Stockholder Equity447.9M536.5M552.1M566.1M584.1M340.0M
Total Liab43.6M51.5M82.0M105.6M49.9M49.4M
Property Plant And Equipment Gross30.4M31.2M65.5M61.9M67.9M71.3M
Total Current Assets114.2M184.4M161.9M162.9M93.5M87.7M
Short Term Debt1.2M5.3M8.2M10.7M3.8M3.7M
Other Liab3.2M4.2M5.1M18.3M16.4M17.2M
Other Assets1.2M1.4M1.8M1.9M1.7M1.6M
Property Plant Equipment6.3M9.7M65.5M61.9M71.2M74.7M
Net Tangible Assets102.3M166.9M161.2M141.6M162.8M170.9M
Retained Earnings Total Equity(330.5M)(342.4M)(366.4M)(387.7M)(348.9M)(366.4M)
Capital Surpluse386.8M447.9M536.5M552.1M634.9M406.3M
Long Term Investments0.01.5M14.0M20.5M9.7M5.5M

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