Coherent Inc (COHR)
Debt-to-equity 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-equity ratio | 0.77 | 0.77 | 0.76 | 0.87 | 0.85 | 0.83 | 0.85 | 0.90 | 0.52 | 0.26 | 0.27 | 0.28 | 0.39 | 0.40 | 0.44 | 0.48 | 1.05 | 1.10 | 1.08 | 1.09 |
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 periods presented in the data table. In general, a higher debt-to-equity ratio indicates higher financial risk as it suggests that the company relies more on debt financing than equity financing.
From Dec 31, 2019, to Mar 31, 2022, the ratio showed a decreasing trend, indicating a reduction in the company's reliance on debt. This could be a positive sign as it may imply improved financial stability and reduced risk. However, from Jun 30, 2022, to Sep 30, 2023, the ratio increased significantly, reaching its peak at 1.10 on Sep 30, 2019. This rise could be a cause for concern as it suggests a higher level of debt relative to equity during this period.
Subsequently, there was a decrease in the ratio from Dec 31, 2023, to Jun 30, 2024, bringing it back to the range seen in late 2023. It is important for stakeholders to monitor the company's debt-to-equity ratio closely to assess its financial health and risk profile.
Peer comparison
Jun 30, 2024