Coherent Inc (COHR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,210,120 | 5,335,450 | 5,470,900 | 4,831,990 | 4,987,550 | 5,239,440 | 5,178,790 | 5,009,040 | 3,616,480 | 3,627,760 | 3,537,410 | 3,458,010 | 3,406,170 | 3,325,150 | 3,236,810 | 3,046,680 | 2,076,800 | 2,017,910 | 2,065,700 | 2,131,190 |
| Debt-to-capital ratio | 0.44 | 0.43 | 0.43 | 0.47 | 0.46 | 0.45 | 0.46 | 0.47 | 0.34 | 0.20 | 0.21 | 0.22 | 0.28 | 0.28 | 0.30 | 0.33 | 0.51 | 0.52 | 0.52 | 0.52 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,026,450K ÷ ($4,026,450K + $5,210,120K)
= 0.44
The debt-to-capital ratio of Coherent Inc has shown fluctuations over the past few quarters. The ratio has ranged from 0.20 to 0.52 during the period analyzed. A lower ratio indicates a lesser reliance on debt financing compared to equity, while a higher ratio suggests a higher proportion of debt in the capital structure.
In the most recent quarter, the debt-to-capital ratio stood at 0.44, indicating that 44% of the company's capital structure was funded by debt. This represents a moderate level of debt utilization compared to equity.
It is important to note that the trend in the debt-to-capital ratio can provide insights into a company's overall financial health and risk profile. Fluctuations in this ratio could signify changes in the company's financing strategy, capital structure, or overall financial performance. Further analysis of the company's debt levels, profitability, and cash flow generation would be beneficial in understanding the implications of the debt-to-capital ratio on Coherent Inc's financial position.
Peer comparison
Jun 30, 2024