Ciena Corp (CIEN)
Debt-to-assets ratio
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,533,070 | 1,538,320 | 1,540,640 | 1,543,120 | 1,543,410 | 1,543,900 | 1,546,400 | 1,547,500 | 1,061,120 | 1,062,450 | 1,062,180 | 1,065,260 | 670,355 | 671,855 | — | 674,856 | 676,356 | — | — | 684,939 |
| Total assets | US$ in thousands | 5,641,340 | 5,575,130 | 5,614,800 | 5,593,210 | 5,601,500 | 5,723,210 | 5,775,640 | 5,672,500 | 5,069,630 | 4,900,780 | 4,964,130 | 4,900,360 | 4,865,230 | 4,655,870 | 4,388,010 | 4,186,900 | 4,180,920 | 4,055,190 | 3,856,760 | 3,618,110 |
| Debt-to-assets ratio | 0.27 | 0.28 | 0.27 | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.21 | 0.22 | 0.21 | 0.22 | 0.14 | 0.14 | 0.00 | 0.16 | 0.16 | 0.00 | 0.00 | 0.19 |
November 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,533,070K ÷ $5,641,340K
= 0.27
The debt-to-assets ratio for Ciena Corp has shown consistency in the range of 0.21 to 0.28 over the past few quarters, with occasional fluctuations. The ratio indicates the proportion of the company's assets financed through debt, with values below 1 signifying that the company's assets are primarily funded by equity.
In earlier periods, the ratio was relatively stable around 0.27 to 0.28, indicating a consistent level of debt relative to assets. However, there was a slight decrease in the ratio in the most recent quarter to 0.21, suggesting a lower reliance on debt financing or an increase in assets.
It is worth noting that in some periods, such as May 1, 2021, and earlier, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt on its balance sheet during those periods or a negligible amount compared to its total assets.
Overall, Ciena Corp's debt-to-assets ratio has been within a reasonable range, suggesting a balanced approach to financing its operations through a mix of debt and equity.
Peer comparison
Nov 2, 2024