Calix Inc (CALX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 63,409 | 135,675 | 90,187 | 94,186 | 79,073 | 75,172 | 51,516 | 44,369 | 51,333 | 60,215 | 58,590 | 85,854 | 80,807 | 63,826 | 50,552 | 46,189 | 46,829 | 37,558 | 34,942 | 44,067 |
| Short-term investments | US$ in thousands | 156,937 | 114,417 | 173,941 | 162,864 | 162,642 | 159,534 | 173,369 | 168,756 | 153,002 | 128,492 | 117,259 | 64,174 | 52,982 | 39,986 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 126,027 | 85,861 | 96,980 | — | 93,804 | — | — | — | 85,219 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.85 | 2.41 | 2.22 | 1.60 | 2.03 | 1.30 | 1.71 | 1.51 | 2.26 | 1.61 | 1.50 | 1.37 | 1.32 | 1.12 | 0.43 | 0.36 | 0.41 | 0.30 | 0.27 | 0.33 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($63,409K
+ $156,937K
+ $126,027K)
÷ $187,642K
= 1.85
The quick ratio of Calix Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the past eight quarters.
The quick ratio has generally been above 2, indicating that Calix Inc has a strong ability to cover its current liabilities with its quick assets such as cash, cash equivalents, and accounts receivable. A quick ratio above 1 is considered healthy as it suggests the company can easily meet its short-term debt obligations.
In Q3 2023, the quick ratio peaked at 3.14, which was the highest value observed in the given data. This indicates that the company had a significant cushion of quick assets relative to its current liabilities during that period.
On the other hand, the quick ratio dropped to its lowest point of 2.18 in Q3 2022, which was still above 2 but represented a slight decrease in liquidity compared to other quarters.
Overall, the trend in Calix Inc's quick ratio demonstrates a generally stable liquidity position with occasional fluctuations. It is important to continue monitoring the quick ratio to ensure the company maintains its ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023