Coherent Inc (COHR)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,210,120 | 4,987,550 | 3,616,480 | 3,406,170 | 2,076,800 |
| Debt-to-equity ratio | 0.77 | 0.85 | 0.52 | 0.39 | 1.05 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,026,450K ÷ $5,210,120K
= 0.77
The debt-to-equity ratio of Coherent Inc has fluctuated over the past five years, indicating varying levels of leverage in the company's capital structure. In 2024, the ratio stands at 0.77, showing a decrease from the previous year's 0.85. This suggests that the company has reduced its reliance on debt in relation to equity as a source of financing.
Looking back to 2022 and 2021, the debt-to-equity ratio was 0.52 and 0.39, respectively, indicating a relatively lower level of debt compared to equity during those years. This could signify a conservative approach to leverage by the company during that period.
In contrast, in 2020, the debt-to-equity ratio was notably high at 1.05, indicating a higher proportion of debt relative to equity in the company's capital structure. This suggests that the company may have had a more aggressive approach to leverage or faced financial challenges during that year.
Overall, the trend in Coherent Inc's debt-to-equity ratio highlights the importance of monitoring the company's leverage levels to assess its financial health and risk profile.
Peer comparison
Jun 30, 2024