Coherent Inc (COHR)
Debt-to-assets ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,026,450 | 4,082,660 | 4,137,010 | 4,219,370 | 4,234,960 | 4,349,920 | 4,422,820 | 4,494,280 | 1,897,210 | 928,745 | 942,579 | 956,377 | 1,313,090 | 1,323,400 | 1,408,790 | 1,468,100 | 2,186,090 | 2,213,180 | 2,228,210 | 2,332,610 |
| Total assets | US$ in thousands | 14,488,600 | 14,520,400 | 14,662,900 | 13,521,300 | 13,711,100 | 14,117,600 | 14,108,900 | 13,830,600 | 7,844,850 | 7,767,200 | 7,649,280 | 6,515,860 | 6,512,650 | 6,361,720 | 5,646,560 | 5,470,620 | 5,234,710 | 5,106,820 | 5,208,210 | 5,370,690 |
| Debt-to-assets ratio | 0.28 | 0.28 | 0.28 | 0.31 | 0.31 | 0.31 | 0.31 | 0.32 | 0.24 | 0.12 | 0.12 | 0.15 | 0.20 | 0.21 | 0.25 | 0.27 | 0.42 | 0.43 | 0.43 | 0.43 |
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 of Coherent Inc has been relatively stable over the past several quarters, ranging between 0.12 and 0.43. This ratio indicates the proportion of the company's assets financed by debt, with a lower ratio indicating lower reliance on debt financing.
In the most recent quarter, the debt-to-assets ratio was 0.28, which suggests that approximately 28% of the company's assets are financed by debt. This indicates a moderate level of debt utilization compared to the total assets of the company.
It is also worth noting that the debt-to-assets ratio has fluctuated slightly over the quarters but has generally remained within a reasonable range. The slight increase in the ratio in certain quarters, such as in September 2023 and September 2022, may indicate a temporary increase in debt relative to assets during those periods.
Overall, Coherent Inc's debt-to-assets ratio suggests a balanced approach to capital structure, with a mix of debt and equity financing to support its operations and investments. Monitoring this ratio over time can help assess the company's financial leverage and risk management strategies.
Peer comparison
Jun 30, 2024