Viavi Solutions Inc (VIAV)

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	636,000	634,400	632,800	631,100	629,500	—	617,200	—	616,500	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	1,736,300	1,744,000	1,856,200	1,802,100	1,850,500	1,917,400	1,828,000	1,765,100	1,827,900	1,878,000	2,019,600	2,169,500	1,961,400	1,926,800	1,915,200	1,824,400	1,776,300	1,778,200	1,859,700	1,807,700
Debt-to-assets ratio		0.37	0.36	0.34	0.35	0.34	0.00	0.34	0.00	0.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $636,000K ÷ $1,736,300K
= 0.37

The debt-to-assets ratio for Viavi Solutions Inc has been relatively stable over the recent quarters, ranging between 0.34 and 0.37. This ratio indicates the proportion of the company's assets that are financed through debt. A lower debt-to-assets ratio typically suggests lower financial risk and greater financial stability, as it indicates that a smaller portion of the company's assets are funded through debt.

It is worth noting that there are periods where the debt-to-assets ratio drops to 0.00, indicating that the company had periods where it had no debt on its balance sheet. This could be due to various reasons such as debt repayment, or a decrease in borrowing activities during those periods.

Overall, the consistent levels of the debt-to-assets ratio within a manageable range suggest that Viavi Solutions Inc has a balanced capital structure and is maintaining a prudent approach to managing its debt levels in relation to its assets.