Calix Inc (CALX)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	939,267	941,865	884,835	742,032	427,352
Total stockholders’ equity	US$ in thousands	780,940	718,982	679,567	568,428	280,325
Financial leverage ratio		1.20	1.31	1.30	1.31	1.52

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $939,267K ÷ $780,940K
= 1.20

The financial leverage ratio for Calix Inc has shown a decreasing trend from 1.52 in December 2020 to 1.20 in December 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and growth. A lower financial leverage ratio suggests a healthier financial position, as it signifies a lower level of debt relative to equity. In this case, Calix Inc's decreasing trend in financial leverage ratio over the years reflects a favorable shift towards a more sustainable capital structure.

Peer comparison

Dec 31, 2024

Company name

Symbol

Financial leverage ratio

Calix Inc

CALX

1.20

Cogent Communications Group Inc