Ciena (MIL:1CIEN) Debt-to-Equity : 0.55 (As of Jan. 2024)

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What is Ciena Debt-to-Equity?

Ciena's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €30 Mil. Ciena's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €1,446 Mil. Ciena's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €2,684 Mil. Ciena's debt to equity for the quarter that ended in Jan. 2024 was 0.55.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ciena's Debt-to-Equity or its related term are showing as below:

MIL:1CIEN' s Debt-to-Equity Range Over the Past 10 Years
Min: -32.43 Med: 0.43 Max: 9.27
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Ciena was 9.27. The lowest was -32.43. And the median was 0.43.

MIL:1CIEN's Debt-to-Equity is ranked worse than
70.11% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs MIL:1CIEN: 0.55

Ciena Debt-to-Equity Historical Data

The historical data trend for Ciena's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ciena Debt-to-Equity Chart

Ciena Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.35

0.33

0.27

0.44

0.58

Ciena Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.57	0.56	0.55	0.58	0.55

Competitive Comparison of Ciena's Debt-to-Equity

For the Communication Equipment subindustry, Ciena's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ciena's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ciena's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ciena's Debt-to-Equity falls into.

Ciena Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ciena's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30.596	+	1538.74)	/	2697.398
	=	0.58

Ciena's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30.071	+	1446.342)	/	2683.772
	=	0.55

Ciena (MIL:1CIEN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ciena Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ciena's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ciena (MIL:1CIEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ciena Corp (MIL:1CIEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CIEN:USA CIEN:Mexico CIE1:Germany

Address

7035 Ridge Road, Hanover, MD, USA, 21076

Website

https://www.ciena.com

Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

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