Finisar (Finisar) Debt-to-Equity : 0.32 (As of Jul. 2019)

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What is Finisar Debt-to-Equity?

Finisar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2019 was $0 Mil. Finisar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2019 was $517 Mil. Finisar's Total Stockholders Equity for the quarter that ended in Jul. 2019 was $1,614 Mil. Finisar's debt to equity for the quarter that ended in Jul. 2019 was 0.32.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Finisar's Debt-to-Equity or its related term are showing as below:

FNSR's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Finisar Debt-to-Equity Historical Data

The historical data trend for Finisar's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Finisar Debt-to-Equity Chart

Finisar Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Debt-to-Equity

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0.20

0.45

0.46

0.32

Finisar Quarterly Data
	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.47	0.31	0.32	0.32

Competitive Comparison of Finisar's Debt-to-Equity

For the Communication Equipment subindustry, Finisar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Finisar's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Finisar's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Finisar's Debt-to-Equity falls into.

Finisar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finisar's Debt to Equity Ratio for the fiscal year that ended in Apr. 2019 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	512.105)	/	1614.161
	=	0.32

Finisar's Debt to Equity Ratio for the quarter that ended in Jul. 2019 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	516.746)	/	1614.143
	=	0.32

Finisar (NAS:FNSR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Finisar Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Finisar's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Finisar (Finisar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Finisar Corp (NAS:FNSR) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1389 Moffett Park Drive, Sunnyvale, CA, USA, 94089

Website

http://www.finisar.com

Founded in 1987, Finisar is a California-based large provider of fiber optical modules and components that are used in data communications and telecommunications. Its products include transceivers and wavelength switches for data center interconnects, and intracity/metro and long-haul communications. Finisar sells to manufacturers of storage systems and network equipment and their OEMs, which in turn sell to telecom service providers and cloud vendors.

Executives

Michael L Dreyer	director	C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Michael C Child	director	125 HIGH ST STE 2500, BOSTON MA 02110
Thomas E Pardun	director	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DR, SUITE 100, IRVINE CA 92612
Helene Simonet	director
Jerry S Rawls	director	1308 MOFFETT PARK DRIVE, SUNNYVALE CA 94089-1133
Robert Stephens	director	3102 MONTANA DEL SOL, SAN CLEMENTE CA 92673
Kurt Adzema	officer: EVP & Chief Financial Officer	1389 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael E. Hurlston	director, officer: CEO	5300 CALIFORNIA AVENUE, IRVINE CA 92617
Eitan Gertel	director, officer: CEO	11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Dominique Trempont	director	5 RANDALL PLACE, MENLO PARK CA 94025
Christopher J Crespi	director	C/O SIRENZA MICRODEVICES, INC., 303 SOUTH TECHNOLOGY COURT, BROOMFIELD CO 80021
Morgan M Jones	director	C/O BATTERY VENTURES, 20 WILLIAM ST STE 200, WELLESLEY MA 02481
Frank H Levinson	director	3736 FALLON ROAD #428, DUBLIN CA 94568
Harold Hughes	director	C/O RAMBUS INC., 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089