Lumentum Holdings Inc (LITE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 957,300 | 1,176,700 | 1,277,800 | 1,310,800 | 1,355,800 | 1,538,000 | 1,543,600 | 1,526,400 | 1,875,000 | 1,912,100 | 2,021,900 | 1,971,400 | 1,972,800 | 2,165,000 | 1,921,900 | 1,816,100 | 1,749,200 | 1,734,200 | 1,681,600 | 1,561,300 |
| Debt-to-capital ratio | 0.72 | 0.68 | 0.66 | 0.66 | 0.65 | 0.55 | 0.55 | 0.55 | 0.44 | 0.00 | 0.00 | 0.00 | 0.29 | 0.00 | 0.29 | 0.38 | 0.39 | 0.39 | 0.39 | 0.35 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,503,200K ÷ ($2,503,200K + $957,300K)
= 0.72
The debt-to-capital ratio of Lumentum Holdings Inc has shown fluctuations over the past few quarters. As of June 30, 2024, the ratio stands at 0.72, indicating that 72% of the company's capital structure is funded by debt. This represents an increase from the previous quarter's ratio of 0.68.
Looking back over the last few quarters, the ratio has been on an overall upward trend since March 31, 2022, when it was at 0.00. The increase in the debt-to-capital ratio may suggest that Lumentum Holdings Inc has been taking on more debt to finance its operations or growth initiatives.
However, it's important to note that the debt-to-capital ratio is not excessively high, as it has remained below 1.0 in all quarters, indicating that the company's capital structure is not overwhelmingly reliant on debt. It will be important to monitor future trends in this ratio to assess the company's ability to manage its debt levels effectively while maintaining a healthy balance sheet.
Peer comparison
Jun 30, 2024