Ciena Corp (CIEN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 1,778,950 | 1,744,120 | 1,756,140 |
| Debt-to-equity ratio | 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 | 0.33 | 0.34 | 0.33 |
January 27, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,543,120K ÷ $2,923,500K
= 0.53
The debt-to-equity ratio of CIENA Corp. has been fluctuating over the past eight quarters, ranging from 0.39 to 0.56. In general, the trend indicates that the company has been maintaining a moderate level of debt in relation to its equity.
The increasing trend from Q1 2023 to Q4 2023 suggests that CIENA Corp. may have taken on more debt relative to its equity during that period. However, the subsequent decrease in the ratio in Q1 2024 indicates that the company may have reduced its debt levels or increased its equity position.
Overall, the debt-to-equity ratio of CIENA Corp. appears to be within a reasonable range, indicating a balanced capital structure with a mix of debt and equity financing. It is important to monitor this ratio over time to assess the company's leverage and financial risk.
Peer comparison
Jan 27, 2024