Juniper Networks Inc (JNPR)

Debt-to-capital ratio

		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	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	1,616,800	1,588,500	1,602,600	1,616,700	1,601,300	1,595,700	1,625,800	1,648,400	1,686,800	1,692,000	1,694,400	1,685,200	1,705,800	1,714,100	1,720,100	1,712,900	1,683,900	1,687,600	1,490,500	1,789,600
Total stockholders’ equity	US$ in thousands	4,492,700	4,331,200	4,354,900	4,435,200	4,475,100	4,338,100	4,248,700	4,266,900	4,316,900	4,383,800	4,340,900	4,429,600	4,543,500	4,560,800	4,464,300	4,390,700	4,610,600	4,642,400	4,591,200	4,851,200
Debt-to-capital ratio		0.26	0.27	0.27	0.27	0.26	0.27	0.28	0.28	0.28	0.28	0.28	0.28	0.27	0.27	0.28	0.28	0.27	0.27	0.25	0.27

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,616,800K ÷ ($1,616,800K + $4,492,700K)
= 0.26

The debt-to-capital ratio of Juniper Networks Inc has been relatively stable over the past eight quarters, ranging from 0.26 to 0.28. This indicates that the company's level of debt in relation to its total capital has remained consistent. A debt-to-capital ratio of around 0.27 suggests that roughly 27% of Juniper Networks' capital is financed through debt, while the remaining portion is funded by equity. Overall, the company appears to have a moderate level of debt relative to its total capital structure, which may indicate a balanced approach to financing its operations and investments.