Coherent Inc (COHR)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,026,450 | 4,234,960 | 1,897,210 | 1,313,090 | 2,186,090 |
| Total assets | US$ in thousands | 14,488,600 | 13,711,100 | 7,844,850 | 6,512,650 | 5,234,710 |
| Debt-to-assets ratio | 0.28 | 0.31 | 0.24 | 0.20 | 0.42 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,026,450K ÷ $14,488,600K
= 0.28
The debt-to-assets ratio for Coherent Inc has shown fluctuations over the past five years. In June 2024, the ratio stood at 0.28, indicating that 28% of the company's assets were financed by debt. Compared to the previous year, there was a slight decrease from 0.31 in June 2023.
Analyzing further back, in June 2022, the ratio was 0.24, showing a lower reliance on debt to fund assets. The trend continued in June 2021 with a ratio of 0.20, signifying an even lower debt burden on the company's asset base.
However, in June 2020, there was a significant spike in the debt-to-assets ratio to 0.42, indicating that 42% of the company's assets were financed by debt. This increase suggests a potential shift in the company's financing strategy towards higher debt usage compared to the previous years.
Overall, the fluctuation in Coherent Inc's debt-to-assets ratio demonstrates varying levels of reliance on debt financing over the past five years, with a notable increase in 2020 followed by a declining trend in the subsequent years.
Peer comparison
Jun 30, 2024