Biodesix Inc

NASDAQ BDSX

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Biodesix Inc Cash to Debt Ratio 5 year CAGR for the quarter ending March 31, 2024

Biodesix Inc Cash to Debt Ratio 5 year CAGR is NA for the quarter ending March 31, 2024. The cash to debt ratio assesses a company's ability to cover its total debt obligations with its available cash. It is calculated by dividing cash by total debt. This ratio indicates the company's liquidity and its capacity to meet its debt obligations using its cash reserves. A higher cash to debt ratio suggests a stronger ability to cover debts with cash resources. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Biodesix Inc Cash to Debt Ratio for the quarter ending March 31, 2023 was 0.94, a -35.84% change year over year.
  • Biodesix Inc Cash to Debt Ratio for the quarter ending March 31, 2022 was 1.46, a -12.55% change year over year.
  • Biodesix Inc Cash to Debt Ratio for the quarter ending March 31, 2021 was 1.67.
NASDAQ: BDSX

Biodesix Inc

CEO Mr. Scott Hutton
IPO Date Oct. 28, 2020
Location United States
Headquarters 2970 Wilderness Place, Boulder, CO, United States, 80301
Employees 217
Sector Healthcare
Industry Diagnostics & research
Description

Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. The company offers blood-based lung tests, including Nodify XL2 and Nodify CDT tests, together marketed as part of Nodify Lung Nodule Risk Assessment testing strategy, to assess the risk of lung cancer and help in identifying the appropriate treatment pathway and help physicians in reclassifying risk of malignancy in patients with suspicious lung nodules. It also provides GeneStrat ddPCR and NGS, and VeriStrat tests, which are used in the diagnosis of lung cancer to measure the presence of mutations in the tumor and the state of the patient's immune system to establish the patient's prognosis and help guide treatment decisions. In addition, the company, through its partnership with Bio-Rad Laboratories, Inc., provides Bio-Rad SARS-CoV-2 ddPCR, a COVID-19 Test under Biodesix WorkSafe testing program; and Platelia SARS-CoV-2 Total Ab test, an antibody test for detecting a B-cell immune response to SARS-CoV-2 that indicate recent or prior infection. Further, it offers diagnostic and clinical research, as well as clinical trial testing services to biopharmaceutical companies; and discovers, develops, and commercializes companion diagnostics. The company was formerly known as Elston Technologies, Inc. and as changed to Biodesix, Inc. in 2006. Biodesix, Inc. was incorporated in 2005 and is headquartered in Louisville, Colorado.

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StockViz Staff

September 20, 2024

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