The company Codex Global Limited is worth £966,827.00 as of its most recent reported financial statements. This figure represents its net worth in 2022.
Understanding Company Worth
A company's worth, often referred to as its net worth or shareholder equity, is calculated as its total assets minus its total liabilities. It provides a snapshot of the company's financial health and its value to shareholders.
Key Financial Overview of Codex Global Limited
Based on its financial statements, Codex Global Limited has shown a growth in its net worth between 2020 and 2022. Below is a detailed breakdown of key financial metrics for the company:
| Financial Metric | 2020 | 2022 |
|---|---|---|
| Cash | £425,845.00 | £234,224.00 |
| Net Worth | £725,820.00 | £966,827.00 |
| Total Current Assets | £1,193,737.00 | £1,232,081.00 |
| Total Current Liabilities | £580,715.00 | £737,129.00 |
Analysis of Financial Metrics
- Net Worth Growth: The company's net worth increased significantly from £725,820.00 in 2020 to £966,827.00 in 2022, indicating improved financial standing and profitability over this period.
- Cash Position: While the net worth grew, the cash balance decreased from £425,845.00 in 2020 to £234,224.00 in 2022. This could be due to investments, debt repayments, or operational expenses.
- Assets and Liabilities:
- Total Current Assets saw a modest increase from £1,193,737.00 to £1,232,081.00.
- Total Current Liabilities also increased from £580,715.00 to £737,129.00, reflecting potentially higher short-term obligations.
The increase in net worth despite a reduction in cash suggests that the company's long-term assets or shareholder equity has grown relative to its liabilities.
