Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Paying user area
Try for free
Lumentum Holdings Inc. pages available for free this week:
- 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
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Lumentum Holdings Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Lumentum Holdings Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
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 composition of liabilities and stockholders’ equity has undergone significant shifts over the analyzed period. A notable increase in the proportion of total liabilities is observed, particularly from 2020 to 2023, followed by a slight moderation in 2024 and 2025. Conversely, the percentage represented by stockholders’ equity has generally decreased, with a more pronounced decline in recent years.
- Current Liabilities
- Current liabilities as a percentage of the total initially stood at 8.60% in 2020, peaking at 18.71% in 2021, before declining to 6.85% in 2024 and increasing slightly to 9.31% in 2025. This fluctuation suggests potential changes in short-term financing strategies or working capital management. Accounts payable and income tax payable contribute significantly to this category, with both experiencing volatility throughout the period. A substantial increase in current portion of long-term debt is observed in 2021, decreasing significantly in subsequent years.
- Long-Term Liabilities
- Long-term debt, excluding the current portion, demonstrates a substantial increase from 34.02% in 2020 to 53.97% in 2022, peaking at 63.66% in 2024, before decreasing to 60.74% in 2025. This indicates a growing reliance on long-term financing. Operating lease liabilities, both current and non-current, remain relatively stable as a percentage of the total, though non-current liabilities show a decreasing trend towards the end of the period. Deferred tax liability shows a significant decrease between 2021 and 2023, followed by an increase in 2024, and a decrease in 2025.
- Stockholders’ Equity
- Stockholders’ equity decreased from 53.13% in 2020 to 26.90% in 2025. This decline is primarily driven by changes in retained earnings, which transitioned from a positive contribution in 2020 and 2021 to a substantial accumulated deficit by 2025. Additional paid-in capital remains relatively stable, fluctuating between approximately 46.67% and 50.92% throughout the period. Accumulated other comprehensive income remains a small percentage of the total.
- Specific Liability Accounts
- Warranty reserve and restructuring and related accrual show increasing trends from 2023 to 2024, suggesting potential increases in future obligations related to these items. Unrecognized tax benefit has increased significantly from 2022 to 2024, before decreasing in 2025. Other non-current liabilities have also increased significantly from 2023 to 2025.
Overall, the company’s financial structure has shifted towards greater reliance on liabilities and a reduction in stockholders’ equity, particularly due to the negative trend in retained earnings. The increasing proportion of long-term debt warrants further investigation into the company’s debt management practices and ability to service its obligations.