Calix Inc (CALX)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 584,735 | 585,018 | 570,158 | 578,785 | 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 |
| Total current liabilities | US$ in thousands | 131,143 | 129,906 | 133,140 | 146,079 | 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 |
| Current ratio | 4.46 | 4.50 | 4.28 | 3.96 | 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 |
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 shown a consistent upward trend from March 31, 2020, to December 31, 2024, indicating an improving liquidity position. The ratio has increased steadily from 1.21 on March 31, 2020, to 4.46 on December 31, 2024. This demonstrates that the company's current assets continue to exceed its current liabilities, providing a buffer to meet short-term financial obligations.
The current ratio surpassed 2.0 from September 30, 2020, onwards, indicating that Calix Inc had more than enough current assets to cover its short-term liabilities. The ratio peaked at 4.50 on September 30, 2024, before slightly declining to 4.46 on December 31, 2024. Overall, the current ratio suggests that the company is well-positioned to meet its short-term financial obligations and has a strong liquidity position throughout the period under consideration.
Peer comparison
Dec 31, 2024