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 53.2%. Its total assets and total liabilities are $5.6B and $2.7B respectively. Ciena's EBIT is $382.4M making its interest coverage ratio 8.9. It has cash and short-term investments of $1.4B.
Key information
53.2%
Debt to equity ratio
US$1.55b
Debt
Interest coverage ratio | 8.9x |
Cash | US$1.37b |
Equity | US$2.92b |
Total liabilities | US$2.67b |
Total assets | US$5.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIE1's short term assets ($3.6B) exceed its short term liabilities ($841.3M).
Long Term Liabilities: CIE1's short term assets ($3.6B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CIE1's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: CIE1's debt to equity ratio has increased from 30.6% to 53.2% over the past 5 years.
Debt Coverage: CIE1's debt is well covered by operating cash flow (45%).
Interest Coverage: CIE1's interest payments on its debt are well covered by EBIT (8.9x coverage).