Current Ratio
since 2015
Calculation
Lumentum Holdings Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 28, 2025 | 4.37 | = | 1,717,300) | ÷ | 392,800) |
| Jun 29, 2024 | 5.90 | = | 1,590,100) | ÷ | 269,300) |
| Jul 1, 2023 | 4.38 | = | 2,777,900) | ÷ | 633,800) |
| Jul 2, 2022 | 4.38 | = | 3,139,200) | ÷ | 716,500) |
| Jul 3, 2021 | 3.67 | = | 2,436,800) | ÷ | 664,600) |
| Jun 27, 2020 | 7.24 | = | 2,050,000) | ÷ | 283,000) |
| Jun 29, 2019 | 4.53 | = | 1,332,800) | ÷ | 294,000) |
| Jun 30, 2018 | 5.27 | = | 1,127,200) | ÷ | 214,000) |
| Jul 1, 2017 | 5.05 | = | 930,300) | ÷ | 184,200) |
| Jul 2, 2016 | 2.82 | = | 489,500) | ÷ | 173,700) |
| Jun 27, 2015 | 2.55 | = | 310,800) | ÷ | 122,100) |
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), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
1 US$ in thousands
The current ratio exhibits considerable fluctuation over the observed period. Initially, the ratio demonstrates an increasing trend, peaking in 2020, before stabilizing and then declining slightly in more recent years.
- Initial Growth (2015-2020)
- From 2015 to 2020, the current ratio increased from 2.55 to a high of 7.24. This growth was primarily driven by a more rapid increase in current assets compared to current liabilities. The substantial increase in 2020, in particular, suggests a significant improvement in the company’s short-term liquidity position during that year.
- Stabilization and Recent Decline (2021-2025)
- Following the peak in 2020, the current ratio decreased to 3.67 in 2021. It then recovered to 4.38 in both 2022 and 2023, indicating a period of stabilization. A further increase to 5.90 was observed in 2024, followed by a slight decrease to 4.37 in 2025. This recent fluctuation suggests potential shifts in working capital management or changes in the composition of current assets and liabilities.
- Overall Trend
- Despite the fluctuations, the current ratio generally remained above 2.5 throughout the period, indicating a consistently acceptable level of short-term liquidity. However, the significant peak in 2020 warrants further investigation to understand the underlying factors contributing to that substantial increase. The recent stabilization and slight decline suggest a potential normalization of liquidity levels.
The observed changes in the current ratio should be considered in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of the company’s financial health.
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Comparison to Competitors
Lumentum Holdings Inc., current ratio, long-term trends, comparison to competitors
| Lumentum Holdings Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jun 28, 2025 | 4.37 | 0.89 | 3.05 | 1.00 | 0.78 | 5.25 |
| Jun 29, 2024 | 5.90 | 0.87 | 4.36 | 0.91 | 0.74 | 3.81 |
| Jul 1, 2023 | 4.38 | 0.99 | 4.39 | 1.38 | 0.82 | 2.31 |
| Jul 2, 2022 | 4.38 | 0.88 | 4.29 | 1.43 | 0.80 | 1.91 |
| Jul 3, 2021 | 3.67 | 1.07 | 4.34 | 1.49 | 0.80 | 1.93 |
| Jun 27, 2020 | 7.24 | 1.36 | 4.99 | 1.72 | 0.70 | 2.25 |
| Jun 29, 2019 | 4.53 | 1.54 | 5.81 | 1.51 | 0.80 | 2.35 |
| Jun 30, 2018 | 5.27 | 1.12 | 4.48 | 2.29 | — | 1.89 |
| Jul 1, 2017 | 5.05 | 1.28 | 4.28 | 3.03 | — | 1.88 |
| Jul 2, 2016 | 2.82 | 1.35 | 3.32 | 3.16 | — | 2.58 |
| Jun 27, 2015 | 2.55 | 1.11 | 4.15 | 3.23 | — | 2.01 |
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), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
Comparison to Sector (Technology Hardware & Equipment)
Lumentum Holdings Inc., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Lumentum Holdings Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 28, 2025 | 4.37 | 0.98 |
| Jun 29, 2024 | 5.90 | 0.92 |
| Jul 1, 2023 | 4.38 | 1.05 |
| Jul 2, 2022 | 4.38 | 0.96 |
| Jul 3, 2021 | 3.67 | 1.09 |
| Jun 27, 2020 | 7.24 | 1.25 |
| Jun 29, 2019 | 4.53 | 1.38 |
| Jun 30, 2018 | 5.27 | 1.36 |
| Jul 1, 2017 | 5.05 | 1.67 |
| Jul 2, 2016 | 2.82 | 1.80 |
| Jun 27, 2015 | 2.55 | 1.60 |
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), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
Comparison to Industry (Information Technology)
Lumentum Holdings Inc., current ratio, long-term trends, comparison to industry (information technology)
| Lumentum Holdings Inc. | Information Technology | |
|---|---|---|
| Jun 28, 2025 | 4.37 | 1.40 |
| Jun 29, 2024 | 5.90 | 1.25 |
| Jul 1, 2023 | 4.38 | 1.41 |
| Jul 2, 2022 | 4.38 | 1.37 |
| Jul 3, 2021 | 3.67 | 1.56 |
| Jun 27, 2020 | 7.24 | 1.71 |
| Jun 29, 2019 | 4.53 | 1.66 |
| Jun 30, 2018 | 5.27 | 1.88 |
| Jul 1, 2017 | 5.05 | 2.04 |
| Jul 2, 2016 | 2.82 | 2.01 |
| Jun 27, 2015 | 2.55 | 2.03 |
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), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).