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Ciena CIEN Debt-to-assets

Debt-to-assets at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
0.3×0.0×
Keysight Technologies logo
Keysight TechnologiesKEYS
0.2×0.0×
Celestica logo
CelesticaCLS
0.1×-0.1×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
0.0×
Coherent logo
CoherentCOHR
0.2×-0.1×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB

Other financials

Income statement

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Revenue$1.6B+39.5%
Gross profit$691.6M+52.7%
Operating income$237.9M+624%
Net income$218.2M+2,333%
EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%
Total debt$1.6B-0.8%
Total equity$2.9B+4.2%
Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%
CapEx$41.0M+42.8%
Free cash flow$218.7M+70.6%

Valuation

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Market cap$61.82B+716%
Enterprise value$62.35B+668%
P/E141×+68.8×
P/S11.1×+9.3×

Profitability

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Gross margin43%+1.1pp
Operating margin9.2%+4.5pp
Net margin7.9%+5.4pp

Returns & leverage

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Return on equity15.5%+11.8pp
Debt / equity0.5×0.0×
Current ratio2.7×-0.7×

Where this comes from

Calculated from Ciena’s reported figures.

Based on the most recent quarter.

The official record: Ciena’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ciena's debt-to-assets?
Ciena (CIEN) reported debt-to-assets of 0.3× in Q1 2026.
How has Ciena's debt-to-assets changed year-over-year?
Ciena's debt-to-assets decreased by 7.1% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Ciena's debt-to-assets?
Over 4 years (2021 to 2025), Ciena's debt-to-assets has grown at a 43.8% compound annual growth rate (CAGR), from 0.3× to 1.1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.