Calix Inc (CALX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 43,162 | 63,409 | 79,073 | 51,333 | 80,807 |
| Short-term investments | US$ in thousands | 253,929 | 156,937 | 162,642 | 153,002 | 52,982 |
| Total current liabilities | US$ in thousands | 131,143 | 187,642 | 165,422 | 128,136 | 101,040 |
| Cash ratio | 2.27 | 1.17 | 1.46 | 1.59 | 1.32 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($43,162K
+ $253,929K)
÷ $131,143K
= 2.27
The cash ratio of Calix Inc has shown fluctuations over the past five years.
- In December 31, 2020, the cash ratio was 1.32, indicating that the company had $1.32 in cash and cash equivalents for every $1 of current liabilities. This suggests a relatively healthy liquidity position at that point in time.
- By December 31, 2021, the cash ratio had increased to 1.59, reflecting an improvement in the company's ability to cover its short-term liabilities with its cash reserves.
- In 2022, the cash ratio dipped slightly to 1.46, indicating a slight decrease in liquidity compared to the previous year but still a strong position overall.
- However, by December 31, 2023, the cash ratio fell to 1.17, which may raise some concerns about the company's ability to meet its short-term obligations with its cash holdings.
- The cash ratio significantly improved in December 31, 2024, reaching 2.27, indicating a substantial increase in liquidity and the company's ability to cover its current liabilities with cash and cash equivalents.
Overall, while there have been fluctuations in Calix Inc's cash ratio over the years, the company maintained a generally healthy liquidity position, with the latest ratio suggesting a significant improvement in its ability to meet short-term obligations with available cash resources.
Peer comparison
Dec 31, 2024