Ciena Balance Sheet Health
Financial Health criteria checks 5/6
Ciena has a total shareholder equity of $2.8B and total debt of $1.5B, which brings its debt-to-equity ratio to 54.9%. Its total assets and total liabilities are $5.6B and $2.8B respectively. Ciena's EBIT is $191.2M making its interest coverage ratio 5.5. It has cash and short-term investments of $1.3B.
Key information
54.9%
Debt to equity ratio
US$1.54b
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$1.25b |
| Equity | US$2.82b |
| Total liabilities | US$2.83b |
| Total assets | US$5.64b |
Recent financial health updates
Is Ciena (NYSE:CIEN) Using Too Much Debt?
Nov 06
Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?
Jul 13Is Ciena (NYSE:CIEN) A Risky Investment?
Mar 05Recent updates
Ciena Delivers Strong Q4 Earnings, But Valuation Demands Precision
Dec 16Ciena Corporation's (NYSE:CIEN) 26% Price Boost Is Out Of Tune With Revenues
Dec 14Ciena Corporation: Hold, Financials Are Weak Amid A Decisive Technical Turn
Nov 27The Returns On Capital At Ciena (NYSE:CIEN) Don't Inspire Confidence
Nov 21Is Ciena (NYSE:CIEN) Using Too Much Debt?
Nov 06Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 34% Undervaluation?
Oct 21Ciena Corporation (NYSE:CIEN) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable
Oct 06Is It Time To Consider Buying Ciena Corporation (NYSE:CIEN)?
Sep 16Ciena: Expecting Growth To Continue Growing From Here On
Sep 06The Price Is Right For Ciena Corporation (NYSE:CIEN)
Aug 15There Are Reasons To Feel Uneasy About Ciena's (NYSE:CIEN) Returns On Capital
Jul 28Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?
Jul 13Ciena Corporation's (NYSE:CIEN) Intrinsic Value Is Potentially 82% Above Its Share Price
Jun 27Ciena: Reiterate Buy Rating, Worst Of This Cycle May Be Over
Jun 19At US$45.92, Is Ciena Corporation (NYSE:CIEN) Worth Looking At Closely?
Jun 12Why Ciena Soared And Then Slumped After Q2 2024 Earnings
Jun 10Returns On Capital At Ciena (NYSE:CIEN) Have Stalled
Apr 27Investors Still Waiting For A Pull Back In Ciena Corporation (NYSE:CIEN)
Apr 07Ciena's Large Legacy Business Weighing On Near-Term Growth And Sentiment
Apr 05Shareholders Can Be Confident That Ciena's (NYSE:CIEN) Earnings Are High Quality
Mar 20Is Ciena (NYSE:CIEN) A Risky Investment?
Mar 05Is Now An Opportune Moment To Examine Ciena Corporation (NYSE:CIEN)?
Jan 29Ciena: Technological Leader In A Secular Growth Market
Dec 19Ciena: Capitalizing On Growing Demand Drivers
Nov 01Ciena: Path To Recovery But Undervalued By The Market
Oct 16Ciena Guidance Helps Ease Some Fears, But Near-Term Demand Is Likely To Be Choppy
Aug 31Ciena: Supply Chain Improving Faster Than Expected Makes It A Buy
Jul 21Ciena Hit Hard On Softer Short-Term Demand Trends
Jun 07Ciena FQ4 2022 Earnings Preview
Dec 07Financial Position Analysis
Short Term Liabilities: CIEN's short term assets ($3.5B) exceed its short term liabilities ($999.8M).
Long Term Liabilities: CIEN's short term assets ($3.5B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CIEN's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: CIEN's debt to equity ratio has increased from 32.6% to 54.9% over the past 5 years.
Debt Coverage: CIEN's debt is well covered by operating cash flow (33.3%).
Interest Coverage: CIEN's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:32 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/11/02 |
| Annual Earnings | 2024/11/02 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ciena Corporation is covered by 47 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Zabitsky | ACI Research |
| James Kelleher | Argus Research Company |
| Blair King | Avondale Partners |