Calix Inc (CALX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 718,982 | 750,945 | 741,770 | 717,839 | 679,567 | 647,747 | 617,129 | 591,805 | 568,428 | 535,626 | 345,638 | 314,715 | 280,325 | 247,531 | 159,168 | 150,915 | 154,028 | 146,150 | 147,206 | 145,841 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $718,982K)
= 0.00
The debt-to-capital ratio of Calix Inc has been relatively stable over the past eight quarters, ranging from 0.00 to 0.02. This ratio indicates that the company relies very little on debt financing compared to its total capital structure. The decreasing trend from 0.02 in Q3 2022 to 0.00 in Q4 2023 suggests that Calix Inc has been reducing its debt levels or increasing its capital base, which can be a positive sign of financial health and stability. Overall, the company's low debt-to-capital ratio suggests a conservative approach to leverage and a strong ability to fund its operations through equity financing.
Peer comparison
Dec 31, 2023