Ciena (FRA:CIE1) LT-Debt-to-Total-Asset : 0.28 (As of Apr. 2024)

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What is Ciena LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ciena's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.28.

Ciena's long-term debt to total assets ratio increased from Apr. 2023 (0.28) to Apr. 2024 (0.28). It may suggest that Ciena is progressively becoming more dependent on debt to grow their business.

Ciena LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ciena's LT-Debt-to-Total-Asset 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.

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Ciena LT-Debt-to-Total-Asset Chart

Ciena Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.19

0.16

0.23

0.29

Ciena Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.28	0.29	0.28	0.28

Ciena LT-Debt-to-Total-Asset Calculation

Ciena's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	1538.74	/	5304.616
	=	0.29

Ciena's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	1462.45	/	5232.996
	=	0.28

Ciena (FRA:CIE1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ciena LT-Debt-to-Total-Asset Related Terms

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Ciena (FRA:CIE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ciena Corp (FRA:CIE1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CIEN:USA 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.

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