Calix Inc (CALX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 597,956 | 547,370 | 409,245 | 266,890 | 143,817 |
| Total current liabilities | US$ in thousands | 187,642 | 165,422 | 128,136 | 101,040 | 115,493 |
| Current ratio | 3.19 | 3.31 | 3.19 | 2.64 | 1.25 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $597,956K ÷ $187,642K
= 3.19
Calix Inc's current ratio has shown a generally improving trend over the past five years. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
Between 2019 and 2020, the current ratio saw a significant increase from 1.25 to 2.64, showing a notable improvement in the company's ability to meet its short-term liabilities. This could be due to a better management of current assets and liabilities during that period.
The trend continued in the following years, with the current ratio reaching its highest point at 3.31 in 2022. This indicates that the company had been maintaining a healthy proportion of current assets to current liabilities, ensuring that it was well-equipped to meet its short-term financial obligations.
In 2023, the current ratio decreased slightly to 3.19, still reflecting a strong liquidity position for Calix Inc. Overall, the company's current ratio demonstrates a positive trend, showing consistent efforts in managing its liquidity effectively.
Peer comparison
Dec 31, 2023