Calix Inc (CALX)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 941,865 | 884,835 | 742,032 | 427,352 | 316,823 |
| Total stockholders’ equity | US$ in thousands | 718,982 | 679,567 | 568,428 | 280,325 | 154,028 |
| Financial leverage ratio | 1.31 | 1.30 | 1.31 | 1.52 | 2.06 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $941,865K ÷ $718,982K
= 1.31
Calix Inc's financial leverage ratio has shown a fluctuating trend over the past five years. The ratio stood at 1.31 as of December 31, 2023, slightly higher compared to the previous year. This indicates that the company's reliance on debt to finance its operations has slightly increased.
In the preceding years, the financial leverage ratio has been relatively stable, ranging from 1.30 to 1.52. However, a notable decrease was observed in 2019 when the ratio was significantly higher at 2.06. This suggests that Calix Inc had a higher proportion of debt in its capital structure in 2019 compared to the subsequent years.
Overall, the trend in Calix Inc's financial leverage ratio implies a modest increase in leverage in recent years, which may have implications for the company's risk profile and financial stability. It would be beneficial for stakeholders to monitor the company's debt management strategies and capital structure decisions to assess their impact on long-term financial health and sustainability.
Peer comparison
Dec 31, 2023