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Ciena CIEN Net debt / EBITDA

Net debt / EBITDA at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
1.5×0.0×
Keysight Technologies logo
Keysight TechnologiesKEYS
0.3×+0.2×
Celestica logo
CelesticaCLS
0.5×-0.6×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
-2.4×-0.6×
Coherent logo
CoherentCOHR
3.4×-4.7×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
-0.5×—

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.

net debt/ebitda=0.8×

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 net debt / EBITDA?
Ciena (CIEN) reported net debt / EBITDA of 0.8× in Q1 2026.
How has Ciena's net debt / EBITDA changed year-over-year?
Ciena's net debt / EBITDA decreased by 58.9% year-over-year, from 2× to 0.8×.
What is the long-term trend for Ciena's net debt / EBITDA?
Over 4 years (2021 to 2025), Ciena's net debt / EBITDA has grown at a 5.0% compound annual growth rate (CAGR), from -6.1× to 7.5×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.