Calix Inc (CALX)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 25,585 | 50,727 | 54,803 | 52,693 | 52,610 | 54,175 | 52,161 | 62,989 | 73,938 | 84,096 | 87,855 | 63,988 | 36,846 | 13,566 | -11,035 | -12,628 | -15,401 | -22,050 | -18,523 | -16,518 |
| Interest expense (ttm) | US$ in thousands | 3,159 | 4,298 | 2,679 | 501 | 2,009 | 942 | 433 | 312 | 402 | 652 | 922 | 1,420 | 1,585 | 1,700 | 1,615 | 1,140 | 958 | 623 | 494 | 517 |
| Interest coverage | 8.10 | 11.80 | 20.46 | 105.18 | 26.19 | 57.51 | 120.46 | 201.89 | 183.93 | 128.98 | 95.29 | 45.06 | 23.25 | 7.98 | -6.83 | -11.08 | -16.08 | -35.39 | -37.50 | -31.95 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $25,585K ÷ $3,159K
= 8.10
Based on the provided data, it appears that the interest coverage ratio for Calix Inc was not available for the fourth quarter of 2023, third quarter of 2023, second quarter of 2023, and the first quarter of 2023. However, in the first quarter of 2022, the interest coverage ratio was reported as 257.04.
The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations using its earnings.
Since there is no data available for the recent quarters, it is challenging to assess the trend in Calix Inc's interest coverage ratio and its current financial health. It is important to monitor future financial statements to evaluate any changes in the company's ability to cover its interest expenses.
Peer comparison
Dec 31, 2023