Calix Inc (CALX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 941,865 | 884,835 | 742,032 | 427,352 | 316,823 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $941,865K
= 0.00
Calix Inc's debt-to-assets ratio has been consistently low over the past five years, indicating a strong financial position with minimal reliance on debt to finance its operations and investments. The ratio remained at 0.01 from 2021 to 2023, showing a stable and prudent debt management strategy. In contrast, there was a slight increase in the ratio from 0.01 in 2020 to 0.09 in 2019, suggesting a temporary increase in debt relative to assets that year.
Overall, the trend in Calix Inc's debt-to-assets ratio reflects a conservative approach to capital structure, maintaining a healthy balance between debt and assets. This low level of debt indicates a lower risk of financial distress and a better ability to withstand economic downturns. In summary, Calix Inc's consistent low debt-to-assets ratio signifies a sound financial foundation and responsible debt management practices.
Peer comparison
Dec 31, 2023