Codexis Short Long Term Debt vs Short Term Investments Analysis

CDXS Stock

USD 2.66 0.01 0.38%

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 Short Long Term 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 tightly coupled 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.

Short Long Term Debt vs Short Term Investments

Short Long Term 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 Short Long Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Codexis' Short Long Term Debt and Short Term Investments is 0.19. Overlapping area represents the amount of variation of Short Long Term 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' Short Long Term 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 Short Long Term 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 Short Long Term Debt i.e., Codexis' Short Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

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 tightly coupled 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 34.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	7.6M	1.4M	1.7M	1.9M
Depreciation And Amortization	5.9M	3.2M	9.9M	10.4M

Interest Expense Depreciation And Amortization

Codexis fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.91	0.96	0.78	0.92	0.96	0.11	-0.8	-0.52	-0.03	0.91	0.9	0.08	0.95	0.97	0.19	0.68	0.4	0.2	0.83	0.75	0.62	0.78	0.98	0.44	-0.07
Short Long Term Debt Total	0.91		0.89	0.74	0.75	0.94	0.14	-0.69	-0.61	-0.26	0.87	0.82	-0.16	0.85	0.91	0.05	0.68	0.54	-0.01	0.78	0.73	0.72	0.82	0.89	0.56	-0.38
Other Current Liab	0.96	0.89		0.91	0.85	0.95	0.29	-0.67	-0.59	0.04	0.81	0.92	0.17	0.85	0.97	0.17	0.7	0.37	0.29	0.83	0.76	0.65	0.83	0.91	0.55	-0.09
Total Current Liabilities	0.78	0.74	0.91		0.64	0.8	0.57	-0.44	-0.61	0.19	0.59	0.81	0.09	0.63	0.85	0.04	0.62	0.3	0.46	0.68	0.67	0.62	0.81	0.71	0.65	-0.1
Total Stockholder Equity	0.92	0.75	0.85	0.64		0.84	-0.03	-0.77	-0.56	0.09	0.83	0.81	0.18	0.88	0.89	0.44	0.8	0.05	0.22	0.8	0.85	0.27	0.64	0.91	0.28	0.1
Property Plant And Equipment Net	0.96	0.94	0.95	0.8	0.84		0.15	-0.62	-0.5	-0.03	0.8	0.96	0.06	0.83	0.95	0.14	0.65	0.46	0.22	0.86	0.71	0.68	0.81	0.88	0.46	-0.08
Current Deferred Revenue	0.11	0.14	0.29	0.57	-0.03	0.15		0.04	-0.16	-0.06	0.03	0.18	0.03	0.0	0.27	0.03	0.13	0.17	0.14	-0.01	0.11	0.35	0.1	0.07	0.14	-0.22
Net Debt	-0.8	-0.69	-0.67	-0.44	-0.77	-0.62	0.04		0.46	0.33	-0.96	-0.46	0.08	-0.95	-0.74	-0.16	-0.6	-0.32	0.19	-0.53	-0.66	-0.42	-0.47	-0.91	-0.28	0.34
Retained Earnings	-0.52	-0.61	-0.59	-0.61	-0.56	-0.5	-0.16	0.46		0.1	-0.55	-0.4	0.15	-0.51	-0.59	-0.36	-0.86	0.19	0.03	-0.52	-0.85	-0.09	-0.74	-0.54	-0.74	0.41
Accounts Payable	-0.03	-0.26	0.04	0.19	0.09	-0.03	-0.06	0.33	0.1		-0.33	0.18	0.19	-0.19	-0.03	0.06	-0.05	-0.39	0.92	-0.02	-0.04	-0.25	0.07	-0.13	0.01	0.71
Cash	0.91	0.87	0.81	0.59	0.83	0.8	0.03	-0.96	-0.55	-0.33		0.64	-0.12	0.98	0.87	0.12	0.68	0.43	-0.14	0.68	0.74	0.58	0.64	0.97	0.41	-0.38
Non Current Assets Total	0.9	0.82	0.92	0.81	0.81	0.96	0.18	-0.46	-0.4	0.18	0.64		0.21	0.71	0.88	0.17	0.55	0.36	0.44	0.85	0.62	0.59	0.78	0.78	0.42	0.18
Non Currrent Assets Other	0.08	-0.16	0.17	0.09	0.18	0.06	0.03	0.08	0.15	0.19	-0.12	0.21		-0.01	0.04	0.25	-0.02	-0.23	0.18	0.29	-0.04	-0.16	-0.02	0.01	-0.18	0.53
Cash And Short Term Investments	0.95	0.85	0.85	0.63	0.88	0.83	0.0	-0.95	-0.51	-0.19	0.98	0.71	-0.01		0.9	0.16	0.65	0.39	0.0	0.72	0.73	0.56	0.67	0.99	0.39	-0.22
Net Receivables	0.97	0.91	0.97	0.85	0.89	0.95	0.27	-0.74	-0.59	-0.03	0.87	0.88	0.04	0.9		0.22	0.75	0.37	0.2	0.76	0.8	0.62	0.76	0.94	0.44	-0.18
Good Will	0.19	0.05	0.17	0.04	0.44	0.14	0.03	-0.16	-0.36	0.06	0.12	0.17	0.25	0.16	0.22		0.43	-0.61	-0.06	0.1	0.38	-0.47	0.03	0.18	-0.16	0.21
Common Stock Shares Outstanding	0.68	0.68	0.7	0.62	0.8	0.65	0.13	-0.6	-0.86	-0.05	0.68	0.55	-0.02	0.65	0.75	0.43		-0.17	0.03	0.65	0.99	0.08	0.6	0.69	0.41	-0.24
Non Current Liabilities Total	0.4	0.54	0.37	0.3	0.05	0.46	0.17	-0.32	0.19	-0.39	0.43	0.36	-0.23	0.39	0.37	-0.61	-0.17		-0.13	0.24	-0.1	0.93	0.28	0.39	0.2	-0.39
Inventory	0.2	-0.01	0.29	0.46	0.22	0.22	0.14	0.19	0.03	0.92	-0.14	0.44	0.18	0.0	0.2	-0.06	0.03	-0.13		0.21	0.08	0.06	0.29	0.07	0.19	0.67
Other Current Assets	0.83	0.78	0.83	0.68	0.8	0.86	-0.01	-0.53	-0.52	-0.02	0.68	0.85	0.29	0.72	0.76	0.1	0.65	0.24	0.21		0.72	0.45	0.78	0.76	0.5	0.08
Other Stockholder Equity	0.75	0.73	0.76	0.67	0.85	0.71	0.11	-0.66	-0.85	-0.04	0.74	0.62	-0.04	0.73	0.8	0.38	0.99	-0.1	0.08	0.72		0.16	0.67	0.76	0.47	-0.23
Total Liab	0.62	0.72	0.65	0.62	0.27	0.68	0.35	-0.42	-0.09	-0.25	0.58	0.59	-0.16	0.56	0.62	-0.47	0.08	0.93	0.06	0.45	0.16		0.56	0.58	0.44	-0.37
Property Plant And Equipment Gross	0.78	0.82	0.83	0.81	0.64	0.81	0.1	-0.47	-0.74	0.07	0.64	0.78	-0.02	0.67	0.76	0.03	0.6	0.28	0.29	0.78	0.67	0.56		0.71	0.88	-0.15
Total Current Assets	0.98	0.89	0.91	0.71	0.91	0.88	0.07	-0.91	-0.54	-0.13	0.97	0.78	0.01	0.99	0.94	0.18	0.69	0.39	0.07	0.76	0.76	0.58	0.71		0.42	-0.19
Short Term Debt	0.44	0.56	0.55	0.65	0.28	0.46	0.14	-0.28	-0.74	0.01	0.41	0.42	-0.18	0.39	0.44	-0.16	0.41	0.2	0.19	0.5	0.47	0.44	0.88	0.42		-0.34
Intangible Assets	-0.07	-0.38	-0.09	-0.1	0.1	-0.08	-0.22	0.34	0.41	0.71	-0.38	0.18	0.53	-0.22	-0.18	0.21	-0.24	-0.39	0.67	0.08	-0.23	-0.37	-0.15	-0.19	-0.34

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Codexis Account Relationship Matchups

Codexis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	149.1M	221.6M	246.4M	250.4M	136.6M	124.1M
Short Long Term Debt Total	26.1M	25.0M	47.7M	43.6M	22.4M	17.7M
Other Current Liab	11.5M	17.6M	23.7M	26.7M	16.0M	14.4M
Total Current Liabilities	15.4M	25.0M	33.4M	49.1M	35.8M	28.4M
Total Stockholder Equity	105.5M	170.1M	164.4M	144.8M	86.6M	56.1M
Property Plant And Equipment Net	30.4M	31.2M	65.5M	61.9M	28.6M	21.9M
Current Deferred Revenue	57K	1.8M	2.6M	13.7M	3.8M	4.3M
Net Debt	(64.4M)	(124.2M)	(69.1M)	(70.3M)	(43.3M)	(45.4M)
Retained Earnings	(342.4M)	(366.4M)	(387.7M)	(421.3M)	(497.5M)	(472.7M)
Accounts Payable	2.6M	3.0M	3.0M	3.2M	5.9M	4.0M
Cash	90.5M	149.1M	116.8M	114.0M	65.6M	60.0M
Non Current Assets Total	34.9M	37.2M	84.5M	87.5M	43.1M	36.4M
Non Currrent Assets Other	1.2M	1.4M	1.8M	1.9M	1.2M	1.7M
Cash And Short Term Investments	90.5M	150.1M	116.8M	114.0M	65.6M	67.0M
Net Receivables	20.2M	29.3M	37.7M	40.9M	19.9M	15.8M
Common Stock Shares Outstanding	56.5M	59.4M	64.6M	65.3M	68.1M	41.4M
Liabilities And Stockholders Equity	149.1M	221.6M	246.4M	250.4M	136.6M	124.1M
Non Current Liabilities Total	28.2M	26.6M	48.6M	56.5M	14.1M	13.4M
Inventory	371K	964K	1.2M	2.0M	2.7M	1.4M
Other Current Assets	3.2M	4.1M	6.3M	5.5M	5.2M	2.8M
Other Stockholder Equity	447.9M	536.5M	552.1M	566.1M	584.1M	340.0M
Total Liab	43.6M	51.5M	82.0M	105.6M	49.9M	49.4M
Property Plant And Equipment Gross	30.4M	31.2M	65.5M	61.9M	67.9M	71.3M
Total Current Assets	114.2M	184.4M	161.9M	162.9M	93.5M	87.7M
Short Term Debt	1.2M	2.6M	4.1M	5.4M	10.1M	10.6M
Other Liab	3.2M	4.2M	5.1M	18.3M	16.4M	17.2M
Other Assets	1.2M	1.4M	1.8M	1.9M	1.7M	1.6M
Property Plant Equipment	6.3M	9.7M	65.5M	61.9M	71.2M	74.7M
Net Tangible Assets	102.3M	166.9M	161.2M	141.6M	162.8M	170.9M
Retained Earnings Total Equity	(330.5M)	(342.4M)	(366.4M)	(387.7M)	(348.9M)	(366.4M)
Capital Surpluse	386.8M	447.9M	536.5M	552.1M	634.9M	406.3M
Long Term Investments	0.0	1.5M	14.0M	20.5M	9.7M	5.5M

Codexis Investors Sentiment

The influence of Codexis' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Codexis. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Codexis' public news can be used to forecast risks associated with an investment in Codexis. The trend in average sentiment can be used to explain how an investor holding Codexis can time the market purely based on public headlines and social activities around Codexis. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Codexis' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Codexis' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Codexis' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Codexis.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Codexis in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Codexis' short interest history, or implied volatility extrapolated from Codexis options trading.

Pair Trading with Codexis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Codexis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Codexis will appreciate offsetting losses from the drop in the long position's value.

Moving against Codexis Stock

0.43

SBFMW

Sunshine Biopharma

Pair Corr

The ability to find closely correlated positions to Codexis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Codexis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Codexis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Codexis to buy it.

The correlation of Codexis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Codexis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Codexis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Codexis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Codexis is a strong investment it is important to analyze Codexis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Codexis' future performance. For an informed investment choice regarding Codexis Stock, refer to the following important reports:

How To Invest In Codexis

Details

Is Codexis Stock a good investment?

Details

What is Codexis' Net Worth?

Details

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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 tightly coupled 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.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Codexis Stock analysis

When running Codexis' price analysis, check to measure Codexis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Codexis is operating at the current time. Most of Codexis' value examination focuses on studying past and present price action to predict the probability of Codexis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codexis' price. Additionally, you may evaluate how the addition of Codexis to your portfolios can decrease your overall portfolio volatility.

	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum
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Is Codexis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Codexis. If investors know Codexis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Codexis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.12)

Revenue Per Share

1.03

Quarterly Revenue Growth

(0.13)

Return On Assets

(0.18)

Return On Equity

(0.66)

The market value of Codexis is measured differently than its book value, which is the value of Codexis that is recorded on the company's balance sheet. Investors also form their own opinion of Codexis' value that differs from its market value or its book value, called intrinsic value, which is Codexis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Codexis' market value can be influenced by many factors that don't directly affect Codexis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Codexis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Codexis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Codexis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Codexis Short Long Term Debt vs Short Term Investments Analysis

Short Long Term Debt vs Short Term Investments

Short Long Term Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Short Term Investments

Codexis fundamental ratios Correlations

Codexis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Codexis fundamental ratios Accounts

Codexis Investors Sentiment

Pair Trading with Codexis

Moving against Codexis Stock

Complementary Tools for Codexis Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Cash And Short Term Investments
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Total Current Assets	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Cash
Net Receivables	+ 0.97	Total Assets
Net Receivables	+ 0.97	Other Current Liab

Cash	- 0.96	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Total Current Assets	- 0.91	Net Debt
Common Stock Shares Outstanding	- 0.86	Retained Earnings
Other Stockholder Equity	- 0.85	Retained Earnings
Net Debt	- 0.8	Total Assets