Analysis of Debt
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- Cash Flow Statement
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Return on Equity (ROE) since 2015
- Price to Earnings (P/E) since 2015
- Price to Book Value (P/BV) since 2015
- Analysis of Revenues
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Total Debt (Carrying Amount)
Lumentum Holdings Inc., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27).
The carrying amount of total debt exhibited a fluctuating pattern over the observed period. Initially, an increase is noted, followed by a substantial rise and then a decrease, with a slight increase at the end of the period.
- Overall Trend
- Total debt began at US$1,120.9 million in June 2020 and increased to US$1,180.5 million in July 2021. A significant increase followed, reaching US$1,876.0 million in July 2022, and peaking at US$2,811.6 million in July 2023. Subsequently, the total debt decreased to US$2,503.2 million in June 2024, and further increased to US$2,573.2 million in June 2025.
- Current Portion of Long-Term Debt
- The current portion of long-term debt was not reported in June 2020. It stood at US$390.7 million in July 2021 and increased to US$409.9 million in July 2022. A decrease to US$311.6 million was observed in July 2023, with no value reported for June 2024, and a minimal value of US$10.6 million in June 2025.
- Long-Term Debt (Excluding Current Portion)
- Long-term debt, excluding the current portion, was US$1,120.3 million in June 2020, decreasing to US$789.8 million in July 2021. It then increased substantially to US$1,466.1 million in July 2022 and further to US$2,500.0 million in July 2023. This trend continued with US$2,503.2 million in June 2024 and US$2,562.6 million in June 2025.
- Finance Lease Liabilities
- Finance lease liabilities, current, were reported as US$600 thousand in June 2020, with no subsequent reporting for the remainder of the period.
The most substantial change in total debt occurred between July 2022 and July 2023, representing a significant increase. The subsequent decrease in June 2024 suggests a potential debt reduction strategy, although the debt level increased again by June 2025. The long-term debt component appears to be the primary driver of the overall trend, with the current portion exhibiting more moderate fluctuations.
Total Debt (Fair Value)
| Jun 28, 2025 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Convertible notes | |
| Term loans | |
| Finance lease liabilities | |
| Total debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2025-06-28).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on convertible notes:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2025-06-28).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =