Calix Inc (CALX)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.20 | 1.20 | 1.22 | 1.24 | 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 |
Calix Inc's solvency ratios indicate a strong financial position in terms of debt management. The Debt-to-assets, Debt-to-capital, and Debt-to-equity ratios have consistently been at 0.00 over the past few years, which suggests that the company has no debt relative to its assets, capital, and equity, respectively.
Additionally, the Financial leverage ratio has been decreasing gradually over the years, from 2.15 in March 2020 to 1.20 by December 2024. This decreasing trend indicates that Calix Inc is relying less on debt financing and has been able to reduce its financial leverage, which is a positive sign for the company's long-term solvency.
Overall, based on these solvency ratios, Calix Inc seems to have a solid financial structure with minimal debt obligations, demonstrating a good capacity to meet its financial obligations and potentially pursue growth opportunities in the future.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -8.32 | -3.17 | -0.74 | 0.94 | 1.96 | 6.91 | 9.63 | 15.10 | 25.86 | 56.70 | 118.70 | 199.45 | 182.03 | 128.98 | 95.29 | 44.99 | 23.19 | 7.92 | -5.36 | -8.79 |
Calix Inc's interest coverage ratio has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio is a key financial metric that measures a company's ability to meet its interest obligations through its operating income.
The trend in Calix Inc's interest coverage ratio indicates a volatile financial position. The company's interest coverage ratio started at negative levels in March 2020 and June 2020, suggesting that its operating income was insufficient to cover its interest expenses during those periods.
From September 2020 onwards, the interest coverage ratio improved substantially, reaching its peak in March 2022 and June 2022, indicating a strong ability to meet interest obligations with operating income. However, the ratio started declining from September 2022 onwards, indicating a potential decrease in the company's ability to cover its interest expenses efficiently.
The declining trend in the interest coverage ratio from September 2022 to December 2024 raises concerns about Calix Inc's ability to service its debt obligations using its operating income. A lower interest coverage ratio implies a higher financial risk for the company, as it may struggle to make interest payments on its debt.
In conclusion, while Calix Inc experienced periods of strong interest coverage, the declining trend in recent quarters highlights the importance of closely monitoring the company's financial performance and debt management to ensure its long-term financial stability.