Calix Inc (CALX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Calix Inc indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the past eight quarters. The debt-to-assets ratio has remained stable at 0.00, suggesting that the company's assets are primarily financed by equity rather than debt. The debt-to-capital and debt-to-equity ratios have also been consistently low at 0.01, indicating a conservative capital structure with minimal reliance on debt for funding operations.
Furthermore, the financial leverage ratio has ranged between 1.23 and 1.34, indicating that Calix Inc employs a moderate level of financial leverage to support its operations and growth initiatives. With a ratio above 1, the company has some level of financial leverage in place, but it is not excessive, suggesting that Calix Inc is effectively balancing its use of debt to enhance returns without taking on excessive financial risk.
Overall, the solvency ratios of Calix Inc demonstrate a healthy financial position characterized by prudent levels of debt and a balanced capital structure, which bodes well for its long-term financial stability and ability to weather economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The interest coverage ratio for Calix Inc in Q1 2022 was 257.04, indicating that the company's operating income was 257.04 times greater than its interest expense for that quarter. Unfortunately, without data for the subsequent quarters in 2023, it is not possible to provide a trend analysis or assess the current financial health of the company in terms of its ability to cover interest expenses with its operating income. It is important for investors and stakeholders to monitor this ratio over time to gauge the company's ability to meet its interest obligations and manage its debt effectively.