Calix Inc (CALX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.31 | 1.23 | 1.27 | 1.27 | 1.30 | 1.34 | 1.28 | 1.31 | 1.31 | 1.30 | 1.47 | 1.49 | 1.52 | 1.56 | 2.02 | 2.15 | 2.06 | 2.17 | 2.11 | 2.18 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $941,865K ÷ $718,982K
= 1.31
The financial leverage ratio for Calix Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio increased to 1.31 from the previous quarter's 1.23, indicating an increase in the company's reliance on debt to finance its operations. This trend continued from Q2 to Q3 2023 where the ratio was at 1.27, marking a slight increase from the previous quarter.
Comparing to the same quarter in the previous year, the Q4 ratios for both years were quite similar at 1.30 in 2023 and 1.34 in 2022. This suggests that the company's financial leverage position has been relatively consistent over this period.
Overall, the financial leverage ratio for Calix Inc has been hovering around 1.27 to 1.34 in recent quarters, indicating that the company is maintaining a moderate level of debt in relation to its equity. It will be crucial to monitor this ratio in future quarters to assess any significant shifts in the company's capital structure and financial risk.
Peer comparison
Dec 31, 2023