Coherent Inc (COHR)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,910,900 | 14,444,800 | 14,197,300 | 14,699,300 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,483,300 | 7,814,180 | 7,597,090 | 5,501,080 | 7,574,890 | 7,668,810 | 7,773,070 | 7,103,570 | 7,228,970 | 7,451,080 | 7,361,260 | 7,162,520 | 4,383,280 | 4,384,180 | 4,283,580 | 4,194,370 | 4,132,350 | 3,325,150 | 3,236,810 | 3,046,680 |
| Financial leverage ratio | 6.00 | 1.85 | 1.87 | 2.67 | 1.91 | 1.89 | 1.89 | 1.90 | 1.90 | 1.89 | 1.92 | 1.93 | 1.79 | 1.77 | 1.79 | 1.55 | 1.58 | 1.91 | 1.74 | 1.80 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,910,900K ÷ $2,483,300K
= 6.00
The financial leverage ratio of Coherent Inc over the period from September 2020 to June 2025 demonstrates notable fluctuations, reflecting shifts in the company's use of debt relative to equity. Initially, the ratio decreased from approximately 1.80 on September 30, 2020, to a low point of 1.55 on September 30, 2021, indicating a moderate reduction in leverage. Subsequently, the ratio experienced a gradual increase, returning to around 1.93 by September 30, 2022, and maintaining a relatively stable range close to 1.89 to 1.91 through mid-2024.
A significant anomaly is observed at the end of the analyzed period, where the ratio sharply escalates to 6.00 as of June 30, 2025. This outlier suggests a substantial increase in financial leverage, which could be attributable to increased borrowing, new debt issuance, or other financial restructuring activities. Such a spike indicates a considerably higher reliance on debt relative to equity, potentially increasing financial risk.
Overall, the company's leverage profile has been characterized by periods of moderate leverage with stability, punctuated by a dramatic surge in mid-2025. The consistent ratios around 1.75 to 1.90 in the earlier years suggest prudent leverage management, whereas the abrupt increase in mid-2025 warrants further investigation to understand the underlying causes and implications for financial stability.
Peer comparison
Jun 30, 2025