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Ciena CIEN Debt-to-equity

Debt-to-equity at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
0.7×0.0×
Keysight Technologies logo
Keysight TechnologiesKEYS
0.4×-0.1×
Celestica logo
CelesticaCLS
0.5×-0.3×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
0.0×
Coherent logo
CoherentCOHR
0.3×-0.4×
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
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-equity?
Ciena (CIEN) reported debt-to-equity of 0.5× in Q1 2026.
How has Ciena's debt-to-equity changed year-over-year?
Ciena's debt-to-equity decreased by 4.8% year-over-year, from 0.6× to 0.5×.
What is the long-term trend for Ciena's debt-to-equity?
Over 4 years (2021 to 2025), Ciena's debt-to-equity has grown at a 52.9% compound annual growth rate (CAGR), from 0.4× to 2.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.