Lumentum Holdings Inc (LITE)
Debt-to-assets 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 | 2,503,200 | 2,502,400 | 2,501,700 | 2,500,900 | 2,500,000 | 1,900,800 | 1,900,300 | 1,899,500 | 1,466,100 | — | — | — | 789,800 | — | 769,100 | 1,134,700 | 1,120,300 | 1,106,000 | 1,092,000 | 839,600 |
| Total assets | US$ in thousands | 3,931,900 | 4,204,500 | 4,656,000 | 4,545,000 | 4,632,100 | 4,354,000 | 4,418,100 | 4,387,400 | 4,162,200 | 4,133,500 | 3,615,700 | 3,519,000 | 3,551,600 | 3,745,900 | 3,468,200 | 3,387,400 | 3,292,600 | 3,268,700 | 3,221,200 | 2,867,800 |
| Debt-to-assets ratio | 0.64 | 0.60 | 0.54 | 0.55 | 0.54 | 0.44 | 0.43 | 0.43 | 0.35 | 0.00 | 0.00 | 0.00 | 0.22 | 0.00 | 0.22 | 0.33 | 0.34 | 0.34 | 0.34 | 0.29 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,503,200K ÷ $3,931,900K
= 0.64
The debt-to-assets ratio of Lumentum Holdings Inc has shown fluctuations over the past few quarters. The ratio increased from 0.29 in September 2019 to 0.64 in June 2024, indicating a higher proportion of debt relative to assets in the company's capital structure.
The ratio peaked at 0.64 in June 2024, suggesting an increased reliance on debt financing compared to previous periods. However, it is important to note that the ratio was at 0.00 in the first three quarters of 2022, which may indicate a temporary reduction in debt levels or a reporting anomaly.
Overall, the trend in the debt-to-assets ratio signals varying levels of leverage in the company's capital structure, which can impact its financial risk and solvency. Monitoring this ratio over time can provide insights into the company's debt management strategies and financial health.
Peer comparison
Jun 30, 2024