Calix Inc (CALX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 584,735 | 597,956 | 547,370 | 409,245 | 266,890 |
| Total current liabilities | US$ in thousands | 131,143 | 187,642 | 165,422 | 128,136 | 101,040 |
| Current ratio | 4.46 | 3.19 | 3.31 | 3.19 | 2.64 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $584,735K ÷ $131,143K
= 4.46
The current ratio of Calix Inc has exhibited a positive trend over the past years, starting at 2.64 in December 31, 2020, and steadily increasing to 4.46 by December 31, 2024. This indicates that the company's current assets have consistently exceeded its current liabilities, reflecting a strong ability to cover short-term obligations. The ratio has surpassed the industry average of 2, signaling a healthy liquidity position and enhanced financial flexibility for Calix Inc. The upward trajectory of the current ratio suggests improved working capital management and efficient utilization of resources, positioning the company well to meet its short-term financial obligations in the future.
Peer comparison
Dec 31, 2024