Viavi Solutions Inc (VIAV)

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	636,000	634,400	632,800	631,100	629,500	—	617,200	—	616,500	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	681,600	705,100	728,000	675,200	690,800	682,300	687,800	648,400	671,700	709,900	774,800	858,600	763,900	749,800	733,600	681,000	633,200	676,900	764,300	708,100
Debt-to-capital ratio		0.48	0.47	0.47	0.48	0.48	0.00	0.47	0.00	0.48	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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $636,000K ÷ ($636,000K + $681,600K)
= 0.48

The debt-to-capital ratio for Viavi Solutions Inc has remained relatively stable over the past several quarters, ranging between 0.47 and 0.48. This ratio indicates that Viavi Solutions relies on debt to finance a significant portion of its capital structure, with debt accounting for around 47% to 48% of the total capital invested in the company.

It is noteworthy that in some quarters, such as March 2023 and September 2022, the company reported a debt-to-capital ratio of 0.00, suggesting that there may have been periods where Viavi Solutions did not have any debt on its balance sheet.

Overall, the stable debt-to-capital ratio indicates a consistent approach to managing the company's capital structure, with a moderate reliance on debt financing. Investors and analysts may continue to monitor this ratio to assess Viavi Solutions' financial leverage and risk profile.