Ciena Corp (CIEN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,816,140 | 2,890,870 | 2,880,260 | 2,923,500 | 2,848,360 | 2,947,010 | 2,908,650 | 2,838,300 | 2,712,860 | 2,667,740 | 2,782,420 | 2,814,790 | 3,020,020 | 2,924,240 | 2,693,260 | 2,586,510 | 2,509,600 | 2,428,870 | 2,240,580 | 2,054,300 |
| Debt-to-equity ratio | 0.54 | 0.53 | 0.53 | 0.53 | 0.54 | 0.52 | 0.53 | 0.55 | 0.39 | 0.40 | 0.38 | 0.38 | 0.22 | 0.23 | 0.00 | 0.26 | 0.27 | 0.00 | 0.00 | 0.33 |
November 2, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,533,070K ÷ $2,816,140K
= 0.54
The debt-to-equity ratio of Ciena Corp has shown variability over the past several quarters. As of November 2, 2024, the ratio stands at 0.54, indicating that the company has $0.54 in debt for every $1 of equity. This suggests a moderate level of financial leverage.
Looking at the trend, the ratio has been relatively stable, hovering around the 0.50 to 0.55 range for the past few quarters. This indicates that Ciena Corp has been maintaining a consistent balance between debt and equity in its capital structure.
However, it is important to note the significant decrease in the debt-to-equity ratio from 0.55 in January 2023 to 0.22 in October 2021. This sharp decline suggests that the company may have reduced its debt levels significantly or increased its equity base during this period.
Overall, the debt-to-equity ratio of Ciena Corp reflects a manageable level of debt in relation to its equity, indicating a relatively healthy financial position.
Peer comparison
Nov 2, 2024