Juniper Networks Inc (JNPR)

Debt-to-equity 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-equity ratio		0.36	0.37	0.37	0.36	0.36	0.37	0.38	0.39	0.39	0.39	0.39	0.38	0.38	0.38	0.39	0.39	0.37	0.36	0.32	0.37

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,616,800K ÷ $4,492,700K
= 0.36

Juniper Networks Inc's debt-to-equity ratio has been relatively stable over the past eight quarters, ranging between 0.36 and 0.39. The company's ratio indicates that it has been using a moderate amount of debt to finance its operations compared to its equity. A debt-to-equity ratio of less than 1 typically suggests that the company has more equity financing than debt, which may be viewed positively by investors as it signifies lower financial risk. However, it's essential to consider the industry norms and the company's specific circumstances when interpreting this ratio. Overall, Juniper Networks Inc's consistent debt-to-equity ratio suggests a balanced capital structure that is not overly reliant on debt for financing its operations.