Calix Inc (CALX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 43,162 | 62,361 | 84,486 | 88,418 | 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 |
| Short-term investments | US$ in thousands | 253,929 | 225,223 | 176,733 | 151,064 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.27 | 2.21 | 1.96 | 1.64 | 1.17 | 1.80 | 1.63 | 1.60 | 1.46 | 1.30 | 1.71 | 1.51 | 1.59 | 1.61 | 1.50 | 1.37 | 1.32 | 1.12 | 0.43 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($43,162K
+ $253,929K
+ $—K)
÷ $131,143K
= 2.27
The Quick Ratio of Calix Inc has shown an improving trend over the years, indicating the company's ability to meet its short-term obligations with liquid assets. Starting at a relatively low level of 0.36 as of March 31, 2020, the Quick Ratio has steadily increased to reach 2.27 as of December 31, 2024. This positive progression suggests that Calix Inc has enhanced its liquidity position and financial flexibility, which can help support operations, repay debts, and navigate economic uncertainties. The consistent growth in the Quick Ratio reflects a strong liquidity management strategy and efficient working capital management within the company. Overall, the upward trajectory of the Quick Ratio indicates a healthy financial position and a reduced risk of cash flow difficulties for Calix Inc.
Peer comparison
Dec 31, 2024