Coherent (Coherent) Debt-to-Equity

: 0.57 (As of Dec. 2023)

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Coherent's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $112 Mil. Coherent's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,280 Mil. Coherent's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,773 Mil. Coherent's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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 Coherent's Debt-to-Equity or its related term are showing as below:

COHR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.46 Max: 1.19
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Coherent was 1.19. The lowest was 0.20. And the median was 0.46.

COHR's Debt-to-Equity is ranked worse than
71.1% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs COHR: 0.57

Coherent Debt-to-Equity Historical Data

The historical data trend for Coherent'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.

Coherent Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.41

1.14

0.37

0.56

0.62

Coherent Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.64	0.62	0.62	0.63	0.57

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Coherent'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.

Coherent Debt-to-Equity Distribution

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

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

Coherent Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coherent's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 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
	=	(113.107	+	4375.71)	/	7228.966
	=	0.62

Coherent's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(112.357	+	4280.132)	/	7773.07
	=	0.57

Coherent (NYSE:COHR) 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.

Coherent Debt-to-Equity Related Terms

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Coherent (Coherent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Coherent Corp (NYSE:COHR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

H7B:Germany H7B:Germany

Address

375 Saxonburg Boulevard, Saxonburg, PA, USA, 16056

Website

https://www.ii-vi.com

Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.

Executives

Christopher Koeppen	officer: Chief Innovation Officer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Howard H. Xia	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Julie Sheridan Eng	officer: Chief Technology Officer	C/O COHERENT CORP., SAXONBURG PA 16056
Bashaw Walter Robert Ii	officer: General Counsel	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Richard J. Martucci	officer: Interim CFO & Treasurer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Elizabeth Patrick	director	6400 POPLAR AVE, MEMPHIS TN 38197
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Ilaria Mocciaro	officer: SVP, CAO and Corp Controller	2301 PATRIOT BLVD, GLENVIEW IL 60026
Mary Jane Raymond	officer: Chief Financial Officer	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Ronald Basso	officer: Chief Legal & Compliance Off.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Mattera Vincent D Jr	officer: Vice President	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
David L Motley	director	517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
Joseph J Corasanti	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Francis J Kramer	director, officer: President & C.O.O.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP