That is correct. When the fuel misture is lean, the engine runs hot and NOX is produced but almost all of the HC is burned and little CO is produced.
When the misture is rich, some of the HC is not burned and CO is produced. The engine runs cool because of the excess HC and little NOX is produced.
The catalytic converter oxidizes CO to CO2, HC to water and CO2, and reduces NOX to N2 and O2. A properly opeating catalytic converter can mask problems, though.
Anyway, after looking at the results again, it seems that your engine is running lean. The catalytic converter ma or may not be bad. Considereing the cost of a converter, I'd have the exhaust checked with a gas analyzer before I replaced the converter.