Lumentum Holdings Inc (LITE)
Debt-to-equity 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-equity ratio | 2.61 | 2.13 | 1.96 | 1.91 | 1.84 | 1.24 | 1.23 | 1.24 | 0.78 | 0.00 | 0.00 | 0.00 | 0.40 | 0.00 | 0.40 | 0.62 | 0.64 | 0.64 | 0.65 | 0.54 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,503,200K ÷ $957,300K
= 2.61
The debt-to-equity ratio of Lumentum Holdings Inc has shown fluctuations over the past few quarters. In the most recent period, as of June 30, 2024, the debt-to-equity ratio stood at 2.61, indicating that the company has higher debt levels relative to equity. This represents an increase from the previous quarter, where the ratio was 2.13.
Looking further back, the trend shows that the debt-to-equity ratio had been steadily increasing from December 2022 until March 2023, reaching a peak of 1.96. However, from March 2023 to June 2023, there was a significant jump in the ratio to 1.84, indicating a higher level of debt compared to equity.
The trend then shows a sharp increase in the debt-to-equity ratio in the following quarters, reaching 1.24 in September 2023 and December 2023. Interestingly, the ratio dropped significantly in the first two quarters of 2022, hitting 0.78 in June 2022 and eventually reaching 0.00 in the subsequent quarters.
From December 2022 to March 2022, there was a notable shift, with the debt-to-equity ratio moving from 1.23 to 0.00. This suggests a period where the company significantly reduced its debt levels or potentially increased its shareholder equity.
Overall, the details indicate that Lumentum Holdings Inc has experienced fluctuations in its debt-to-equity ratio over the past few quarters, with periods of high debt relative to equity followed by significant decreases in debt levels. This variability may reflect changes in the company's capital structure and financial decisions during the respective periods.
Peer comparison
Jun 30, 2024