Ciena Corp (CIEN)
Debt-to-assets ratio
| 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 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 586,505 | 585,538 | 584,601 |
| Total assets | US$ in thousands | 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 | 3,622,700 | 3,506,550 | 3,469,380 |
| Debt-to-assets ratio | 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 | 0.16 | 0.17 | 0.17 |
January 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,543,120K ÷ $5,593,210K
= 0.28
Based on the data provided, CIENA Corp.'s debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.22 to 0.29. The debt-to-assets ratio measures the proportion of the company's assets financed by debt.
With values consistently below 0.3, CIENA Corp. appears to have a conservative approach to debt financing, indicating that a significant portion of its assets are funded by equity. A lower debt-to-assets ratio generally suggests lower financial risk and greater financial stability, as the company is less reliant on debt to fund its operations and investments.
The slight fluctuations in the ratio over the quarters could be attributed to changes in the company's financing activities, such as debt repayments or new debt issuances. Overall, the trend indicates that CIENA Corp. has maintained a sound balance between debt and asset utilization in its capital structure.
Peer comparison
Jan 27, 2024