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
Is Ciena (NYSE:CIEN) A Risky Investment?
Mar 05
Ciena (NYSE:CIEN) Seems To Use Debt Quite Sensibly
Nov 19Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?
Aug 16Is Ciena (NYSE:CIEN) Using Too Much Debt?
May 10Here's Why Ciena (NYSE:CIEN) Can Manage Its Debt Responsibly
Dec 24We Think Ciena (NYSE:CIEN) Can Stay On Top Of Its Debt
Sep 22Recent updates
Investors 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 (NYSE:CIEN) Has More To Do To Multiply In Value Going Forward
Dec 24Ciena: Technological Leader In A Secular Growth Market
Dec 19Ciena (NYSE:CIEN) Seems To Use Debt Quite Sensibly
Nov 19Ciena: Capitalizing On Growing Demand Drivers
Nov 01Ciena Corporation (NYSE:CIEN) Shares Could Be 29% Above Their Intrinsic Value Estimate
Nov 01Ciena: Path To Recovery But Undervalued By The Market
Oct 16Ciena (NYSE:CIEN) Has Some Way To Go To Become A Multi-Bagger
Sep 25Is Now The Time To Look At Buying Ciena Corporation (NYSE:CIEN)?
Sep 04Ciena Guidance Helps Ease Some Fears, But Near-Term Demand Is Likely To Be Choppy
Aug 31Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?
Aug 16A Look At The Fair Value Of Ciena Corporation (NYSE:CIEN)
Jul 31Ciena: Supply Chain Improving Faster Than Expected Makes It A Buy
Jul 21Ciena (NYSE:CIEN) Has More To Do To Multiply In Value Going Forward
Jun 10Ciena Hit Hard On Softer Short-Term Demand Trends
Jun 07Is There Now An Opportunity In Ciena Corporation (NYSE:CIEN)?
May 25Is Ciena (NYSE:CIEN) Using Too Much Debt?
May 10Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 44% Undervaluation?
Mar 13Ciena's (NYSE:CIEN) Returns Have Hit A Wall
Feb 26Is Now The Time To Look At Buying Ciena Corporation (NYSE:CIEN)?
Feb 09Here's Why Ciena (NYSE:CIEN) Can Manage Its Debt Responsibly
Dec 24Ciena FQ4 2022 Earnings Preview
Dec 07Ciena Needs More Chips To Pull Out Of The Dip
Nov 16Ciena (NYSE:CIEN) Could Be Struggling To Allocate Capital
Nov 16Is Now An Opportune Moment To Examine Ciena Corporation (NYSE:CIEN)?
Nov 01We Think Ciena (NYSE:CIEN) Can Stay On Top Of Its Debt
Sep 22Is Ciena Corporation (NYSE:CIEN) Trading At A 39% Discount?
Sep 08Ciena Non-GAAP EPS of $0.33 misses by $0.01, revenue of $868M misses by $35.95M
Sep 01Ciena: Valuation And Opportunity Vs. Supply Chain And (Storm) Clouds
Aug 19Ciena (NYSE:CIEN) Has More To Do To Multiply In Value Going Forward
Aug 13Why Ciena Corporation (NYSE:CIEN) Could Be Worth Watching
Aug 01Here's Why We Think Ciena (NYSE:CIEN) Might Deserve Your Attention Today
Jun 22Is Ciena Corporation (NYSE:CIEN) Trading At A 22% Discount?
Jun 08Financial Position Analysis
Short Term Liabilities: CIEN's short term assets ($3.6B) exceed its short term liabilities ($841.3M).
Long Term Liabilities: CIEN's short term assets ($3.6B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CIEN's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: CIEN's debt to equity ratio has increased from 30.6% to 53.2% over the past 5 years.
Debt Coverage: CIEN's debt is well covered by operating cash flow (45%).
Interest Coverage: CIEN's interest payments on its debt are well covered by EBIT (8.9x coverage).