Ciena (CIEN) Cash-to-Debt

: 0.85 (As of Jan. 2024)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Ciena's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.85.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ciena couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

CIEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.94 Max: 2
Current: 0.85

During the past 13 years, Ciena's highest Cash to Debt Ratio was 2.00. The lowest was 0.34. And the median was 0.94.

CIEN's Cash-to-Debt is ranked worse than
61.09% of 2470 companies
in the Hardware industry
Industry Median: 1.37 vs CIEN: 0.85

Ciena Cash-to-Debt Historical Data

The historical data trend for Ciena's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Ciena Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

1.34

1.50

2.00

0.97

0.67

Ciena Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.71	0.81	0.78	0.67	0.85

Competitive Comparison

For the Communication Equipment subindustry, Ciena's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Ciena Cash-to-Debt Distribution

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

* The bar in red indicates where Ciena's Cash-to-Debt falls into.

Ciena Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Ciena's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1115.371	/	(32.308	+	1624.857)
	=	0.67

Ciena's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1371.429	/	(32.757	+	1575.536)
	=	0.85

Ciena (NYSE:CIEN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Ciena Cash-to-Debt Related Terms

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Ciena (CIEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ciena Corp (NYSE:CIEN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CIEN:Mexico 1CIEN:Italy CIE1:Germany

Address

7035 Ridge Road, Hanover, MD, USA, 21076

Website

https://www.ciena.com

Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

Executives

David M Rothenstein	officer: Sr. VP, General Counsel	7035 RIDGE ROAD, HANOVER MD 21076
Gary B Smith	director, officer: President, CEO	C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Brodie Gage	officer: SVP Global Products & Supply	2351 ALFRED-NOBEL BLVD, SUITE N-300, SAINT LAURENT A8 H4S 2A9
Dino Diperna	officer: SVP Global R&D	385 TERRY FOX DR, OTTAWA A6 K2K OL1
Jason Phipps	officer: SVP Global Sales and Marketing	7410 RIDGE RD, HANOVER MD 21076
Joseph Cumello	officer: SVP, General Mgr. Blue Planet	7035 RIDGE RD, HANOVER MD 21076
Scott Mcfeely	officer: SVP, Networking Platforms	7035 RIDGE RD, HANOVER MD 21076
Mary G Puma	director	AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Andrew C Petrik	officer: VP, CONTROLLER	7035 RIDGE ROAD, HANOVER MD 21076
Sheela Kosaraju	officer: SVP, General Counsel	43-51 WORSHIP ST, LONDON X0 EC2A 2DX
Stephen B Alexander	officer: SVP, Chief Technology Officer	C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Rick Hamilton	officer: SVP, Software and Services	9500 AMBERGIEN, AUSTIN TX 78729
Moylan James E Jr	officer: SVP Finance, CFO	CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Judith M Obrien	director	855 MAUDE AVENUE, MOUNTAIN VIEW CA 94043
Thomas Michael Nevens	director	C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014