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 53.9%. Its total assets and total liabilities are $5.6B and $2.7B respectively. Ciena's EBIT is $282.2M making its interest coverage ratio 7.4. It has cash and short-term investments of $1.3B.
Key information
53.9%
Debt to equity ratio
US$1.55b
Debt
Interest coverage ratio | 7.4x |
Cash | US$1.26b |
Equity | US$2.88b |
Total liabilities | US$2.73b |
Total assets | US$5.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HYA's short term assets ($3.5B) exceed its short term liabilities ($912.2M).
Long Term Liabilities: 0HYA's short term assets ($3.5B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: 0HYA's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: 0HYA's debt to equity ratio has increased from 30.2% to 53.9% over the past 5 years.
Debt Coverage: 0HYA's debt is well covered by operating cash flow (34.1%).
Interest Coverage: 0HYA's interest payments on its debt are well covered by EBIT (7.4x coverage).