Ciena Corp (CIEN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.91 | 1.97 | 1.94 | 1.99 | 2.00 | 1.87 | 1.84 | 1.78 | 1.74 | 1.61 | 1.59 | 1.63 | 1.62 | 1.67 | 1.67 | 1.72 | 1.76 | 2.04 | 2.01 | 1.98 |
January 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,593,210K ÷ $2,923,500K
= 1.91
The financial leverage ratio of CIENA Corp. has shown some fluctuations over the past eight quarters. It decreased from 2.00 in Q1 2023 to 1.91 in Q1 2024, indicating a reduction in the company's reliance on debt to finance its operations.
Despite the slight decrease in Q1 2024, the financial leverage ratio has been relatively stable around the range of 1.84 to 2.00 over the past two years. This suggests that CIENA Corp. has been maintaining a moderate level of debt in its capital structure compared to equity.
Overall, the trend in the financial leverage ratio indicates that CIENA Corp. has been managing its leverage effectively, balancing the use of debt to support growth and profitability while maintaining a reasonable level of risk. Investors and stakeholders may view this as a positive sign of the company's financial health and stability.
Peer comparison
Jan 27, 2024