Calix Inc (CALX)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 718,982 | 679,567 | 568,428 | 280,325 | 154,028 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $718,982K
= 0.00
The debt-to-equity ratio of Calix Inc has shown a decreasing trend over the past five years, dropping from 0.19 in 2019 to 0.00 in 2023. This indicates that the company has been steadily reducing its dependency on debt financing in relation to equity over this period. The significant decrease in the debt-to-equity ratio from 0.19 in 2019 to 0.00 in 2023 suggests that the company has potentially paid off a substantial amount of its debt or has increased its equity base significantly. This can be seen as a positive sign of financial health and stability, as a lower debt-to-equity ratio typically indicates lower financial risk and a stronger financial position for the company. However, it is important to conduct further analysis to determine the reasons behind this drastic change and to assess the overall financial position and risk profile of Calix Inc.
Peer comparison
Dec 31, 2023