Ciena Corp (CIEN)
Debt-to-assets ratio
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,533,070 | 1,543,410 | 1,061,120 | 670,355 | 676,356 |
| Total assets | US$ in thousands | 5,641,340 | 5,601,500 | 5,069,630 | 4,865,230 | 4,180,920 |
| Debt-to-assets ratio | 0.27 | 0.28 | 0.21 | 0.14 | 0.16 |
November 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,533,070K ÷ $5,641,340K
= 0.27
Ciena Corp's debt-to-assets ratio has seen fluctuations over the past five years. As of November 2, 2024, the ratio stood at 0.27, showing a slight decrease from the previous year's ratio of 0.28. This indicates that the company finances approximately 27% of its assets through debt, highlighting a moderate reliance on debt funding.
Comparing the current ratio to the data over the past five years, we observe a trend of variability in the debt-to-assets ratio. The ratio was highest in October 28, 2023, at 0.28, and lowest in October 30, 2021, at 0.14. This fluctuation suggests that Ciena Corp has managed its debt and asset structure dynamically over the years.
While the current ratio of 0.27 indicates a moderate level of debt utilization in funding assets, investors and stakeholders may want to monitor the trend to assess the company's overall financial health and risk management. A higher ratio would suggest a higher level of financial leverage and potential risk, while a lower ratio may indicate conservative financing strategies.
Peer comparison
Nov 2, 2024