Ciena Balance Sheet Health
Financial Health criteria checks 5/6
Ciena has a total shareholder equity of $2.9B and total debt of $1.6B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are $5.6B and $2.7B respectively. Ciena's EBIT is $227.9M making its interest coverage ratio 6.5. It has cash and short-term investments of $1.1B.
Key information
53.6%
Debt to equity ratio
US$1.55b
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$1.10b |
| Equity | US$2.89b |
| Total liabilities | US$2.68b |
| Total assets | US$5.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIE1's short term assets ($3.5B) exceed its short term liabilities ($870.6M).
Long Term Liabilities: CIE1's short term assets ($3.5B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CIE1's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: CIE1's debt to equity ratio has increased from 29.5% to 53.6% over the past 5 years.
Debt Coverage: CIE1's debt is well covered by operating cash flow (23.3%).
Interest Coverage: CIE1's interest payments on its debt are well covered by EBIT (6.5x coverage).