Coherent Inc (COHR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.78 | 2.72 | 2.68 | 2.80 | 2.75 | 2.69 | 2.72 | 2.76 | 2.17 | 2.14 | 2.16 | 1.88 | 1.91 | 1.91 | 1.74 | 1.80 | 2.52 | 2.53 | 2.52 | 2.52 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,488,600K ÷ $5,210,120K
= 2.78
The financial leverage ratio of Coherent Inc has fluctuated over the past few quarters, ranging from as low as 1.74 to as high as 2.80. This ratio indicates the company's level of financial leverage or the proportion of debt in its capital structure.
A higher financial leverage ratio suggests that the company is relying more on debt to finance its operations and growth, which can potentially magnify returns on equity but also increase financial risk. On the other hand, a lower ratio indicates a more conservative financing approach with a lower level of debt in the capital structure.
Coherent Inc's financial leverage ratio has generally been above 2.0, indicating a moderate to high level of debt in its capital structure. It is essential for investors and stakeholders to closely monitor this ratio, as significant changes in the company's financial leverage can impact its financial stability and risk profile.
Peer comparison
Jun 30, 2024