Calix Inc (CALX)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	941,865	926,660	941,768	914,827	884,835	866,879	792,812	775,246	742,032	695,717	507,835	468,135	427,352	385,333	321,314	324,054	316,823	316,511	311,248	318,152
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

The debt-to-assets ratio of Calix Inc has remained consistently low, ranging between 0.00 and 0.01 over the past eight quarters. This indicates that the company has been able to finance its assets predominantly through equity rather than debt. A low debt-to-assets ratio suggests a lower financial risk for the company, as it implies that there is a smaller reliance on borrowed funds in relation to its total assets. Calix Inc's stable and low debt-to-assets ratio reflects a conservative financial strategy that focuses on maintaining a strong balance sheet and financial stability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-assets ratio

Calix Inc

CALX

0.00

Cogent Communications Group Inc