Calix Inc (CALX)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 597,956 | 587,625 | 599,284 | 576,074 | 547,370 | 535,176 | 460,842 | 440,222 | 409,245 | 374,759 | 350,598 | 309,769 | 266,890 | 224,843 | 158,069 | 155,715 | 143,817 | 141,860 | 148,210 | 157,084 |
| Total current liabilities | US$ in thousands | 187,642 | 139,156 | 162,447 | 160,711 | 165,422 | 180,506 | 131,244 | 141,578 | 128,136 | 117,001 | 117,549 | 109,382 | 101,040 | 92,654 | 117,247 | 128,351 | 115,493 | 123,612 | 128,707 | 135,233 |
| Current ratio | 3.19 | 4.22 | 3.69 | 3.58 | 3.31 | 2.96 | 3.51 | 3.11 | 3.19 | 3.20 | 2.98 | 2.83 | 2.64 | 2.43 | 1.35 | 1.21 | 1.25 | 1.15 | 1.15 | 1.16 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $597,956K ÷ $187,642K
= 3.19
The current ratio of Calix Inc has shown varying trends over the past eight quarters. The latest data for Q4 2023 indicates a current ratio of 3.19, which is lower than the previous quarter's ratio of 4.22. This suggests that the company may have slightly decreased its liquidity position in the most recent quarter.
Looking at the broader trend, the current ratio has generally been within a healthy range, consistently above 3 for the past two years. This indicates that Calix Inc has maintained a strong ability to meet its short-term obligations with its current assets.
Some fluctuations are visible in the quarterly data, with the ratio reaching its highest point in Q3 2023 at 4.22 and its lowest point in Q3 2022 at 2.96. Despite these fluctuations, the company has maintained a relatively stable liquidity position overall.
Overall, the current ratio analysis suggests that Calix Inc has generally managed its short-term financial obligations effectively, with a strong ability to cover its current liabilities with current assets.
Peer comparison
Dec 31, 2023