Viavi Solutions Inc (VIAV)

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 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-equity ratio 0.93 0.90 0.87 0.93 0.91 0.00 0.90 0.00 0.92 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $636,000K ÷ $681,600K
= 0.93

The debt-to-equity ratio of Viavi Solutions Inc has shown some fluctuations over the past few quarters, as seen in the data provided. In the most recent period, the ratio stood at 0.93, indicating that the company had a higher level of debt relative to equity. This suggests that Viavi Solutions Inc relies more on debt financing to support its operations and growth.

Looking at the trend over the past few quarters, the ratio has generally been above 0.90, indicating a consistent preference for debt financing. However, it is important to note that in some quarters, such as March 2023 and September 2022, the ratio dropped significantly, even reaching 0.00, which might be due to changes in the company's capital structure or significant debt repayments.

Overall, a higher debt-to-equity ratio can indicate higher financial risk for the company as it may face challenges in meeting its debt obligations, particularly in times of economic uncertainty. Investors and stakeholders should closely monitor Viavi Solutions Inc's debt levels and assess the company's ability to manage its debt effectively in order to ensure long-term financial stability and growth.