Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Lumentum Holdings Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
Debt Ratios
Coverage Ratios
Debt to Equity
Lumentum Holdings Inc., debt to equity calculation (quarterly data)
| Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 26, 2020 | Sep 26, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Current portion of long-term debt | 3,240,200) | 1,079,000) | 10,600) | 10,300) | 9,800) | 10,800) | —) | —) | 319,700) | 315,700) | 311,600) | 426,200) | 420,700) | 420,200) | 409,900) | 406,100) | 401,000) | 395,800) | 390,700) | 385,300) | 380,300) | —) | |||||||
| Long-term debt, excluding current portion | 47,100) | 2,164,500) | 2,562,600) | 2,562,400) | 2,561,200) | 2,569,200) | 2,503,200) | 2,502,400) | 2,501,700) | 2,500,900) | 2,500,000) | 1,900,800) | 1,900,300) | 1,899,500) | 1,466,100) | 1,447,600) | 810,300) | 800,000) | 789,800) | 778,900) | 769,100) | 1,134,700) | |||||||
| Total debt | 3,287,300) | 3,243,500) | 2,573,200) | 2,572,700) | 2,571,000) | 2,580,000) | 2,503,200) | 2,502,400) | 2,821,400) | 2,816,600) | 2,811,600) | 2,327,000) | 2,321,000) | 2,319,700) | 1,876,000) | 1,853,700) | 1,211,300) | 1,195,800) | 1,180,500) | 1,164,200) | 1,149,400) | 1,134,700) | |||||||
| Stockholders’ equity | 846,600) | 780,800) | 1,134,700) | 879,500) | 872,300) | 895,900) | 957,300) | 1,176,700) | 1,277,800) | 1,310,800) | 1,355,800) | 1,538,000) | 1,543,600) | 1,526,400) | 1,875,000) | 1,912,100) | 2,021,900) | 1,971,400) | 1,972,800) | 2,165,000) | 1,921,900) | 1,816,100) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 3.88 | 4.15 | 2.27 | 2.93 | 2.95 | 2.88 | 2.61 | 2.13 | 2.21 | 2.15 | 2.07 | 1.51 | 1.50 | 1.52 | 1.00 | 0.97 | 0.60 | 0.61 | 0.60 | 0.54 | 0.60 | 0.62 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | — | 1.03 | 1.34 | 1.54 | 1.47 | 1.45 | 1.87 | 1.52 | 1.41 | 1.46 | 1.79 | 1.81 | 1.76 | 1.96 | 2.37 | 2.06 | 1.78 | 1.71 | 1.98 | 1.89 | 1.76 | 1.69 | |||||||
| Arista Networks Inc. | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | |||||||
| Cisco Systems Inc. | 0.63 | 0.60 | 0.60 | 0.64 | 0.68 | 0.71 | 0.68 | 0.70 | 0.25 | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 | 0.24 | 0.23 | 0.29 | 0.22 | 0.28 | 0.29 | 0.37 | 0.38 | |||||||
| Dell Technologies Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5.36 | 9.04 | 13.39 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 0.70 | 0.73 | 0.75 | 0.39 | 0.31 | 0.38 | 0.40 | 0.37 | 0.12 | 0.07 | 0.15 | 0.11 | 0.09 | 0.15 | 0.42 | 0.43 | 0.27 | 0.25 | 0.09 | 0.08 | 0.04 | 0.03 | |||||||
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 3,287,300 ÷ 846,600 = 3.88
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Lumentum Holdings Inc., debt to equity (including operating lease liability) calculation (quarterly data)
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 3,322,700 ÷ 846,600 = 3.92
Debt to Capital
Lumentum Holdings Inc., debt to capital calculation (quarterly data)
| Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 26, 2020 | Sep 26, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Current portion of long-term debt | 3,240,200) | 1,079,000) | 10,600) | 10,300) | 9,800) | 10,800) | —) | —) | 319,700) | 315,700) | 311,600) | 426,200) | 420,700) | 420,200) | 409,900) | 406,100) | 401,000) | 395,800) | 390,700) | 385,300) | 380,300) | —) | |||||||
| Long-term debt, excluding current portion | 47,100) | 2,164,500) | 2,562,600) | 2,562,400) | 2,561,200) | 2,569,200) | 2,503,200) | 2,502,400) | 2,501,700) | 2,500,900) | 2,500,000) | 1,900,800) | 1,900,300) | 1,899,500) | 1,466,100) | 1,447,600) | 810,300) | 800,000) | 789,800) | 778,900) | 769,100) | 1,134,700) | |||||||
| Total debt | 3,287,300) | 3,243,500) | 2,573,200) | 2,572,700) | 2,571,000) | 2,580,000) | 2,503,200) | 2,502,400) | 2,821,400) | 2,816,600) | 2,811,600) | 2,327,000) | 2,321,000) | 2,319,700) | 1,876,000) | 1,853,700) | 1,211,300) | 1,195,800) | 1,180,500) | 1,164,200) | 1,149,400) | 1,134,700) | |||||||
| Stockholders’ equity | 846,600) | 780,800) | 1,134,700) | 879,500) | 872,300) | 895,900) | 957,300) | 1,176,700) | 1,277,800) | 1,310,800) | 1,355,800) | 1,538,000) | 1,543,600) | 1,526,400) | 1,875,000) | 1,912,100) | 2,021,900) | 1,971,400) | 1,972,800) | 2,165,000) | 1,921,900) | 1,816,100) | |||||||
| Total capital | 4,133,900) | 4,024,300) | 3,707,900) | 3,452,200) | 3,443,300) | 3,475,900) | 3,460,500) | 3,679,100) | 4,099,200) | 4,127,400) | 4,167,400) | 3,865,000) | 3,864,600) | 3,846,100) | 3,751,000) | 3,765,800) | 3,233,200) | 3,167,200) | 3,153,300) | 3,329,200) | 3,071,300) | 2,950,800) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.80 | 0.81 | 0.69 | 0.75 | 0.75 | 0.74 | 0.72 | 0.68 | 0.69 | 0.68 | 0.67 | 0.60 | 0.60 | 0.60 | 0.50 | 0.49 | 0.37 | 0.38 | 0.37 | 0.35 | 0.37 | 0.38 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | — | 0.51 | 0.57 | 0.61 | 0.60 | 0.59 | 0.65 | 0.60 | 0.59 | 0.59 | 0.64 | 0.64 | 0.64 | 0.66 | 0.70 | 0.67 | 0.64 | 0.63 | 0.66 | 0.65 | 0.64 | 0.63 | |||||||
| Arista Networks Inc. | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | |||||||
| Cisco Systems Inc. | 0.39 | 0.37 | 0.37 | 0.39 | 0.41 | 0.41 | 0.41 | 0.41 | 0.20 | 0.14 | 0.16 | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 | 0.23 | 0.18 | 0.22 | 0.22 | 0.27 | 0.28 | |||||||
| Dell Technologies Inc. | 1.11 | 1.12 | 1.06 | 1.10 | 1.13 | 1.12 | 1.10 | 1.11 | 1.11 | 1.12 | 1.12 | 1.15 | 1.12 | 1.10 | 1.07 | 0.84 | 0.90 | 0.93 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 0.41 | 0.42 | 0.43 | 0.28 | 0.23 | 0.28 | 0.29 | 0.27 | 0.11 | 0.06 | 0.13 | 0.10 | 0.09 | 0.13 | 0.30 | 0.30 | 0.21 | 0.20 | 0.08 | 0.07 | 0.04 | 0.03 | |||||||
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Debt to capital = Total debt ÷ Total capital
= 3,287,300 ÷ 4,133,900 = 0.80
2 Click competitor name to see calculations.
Debt to Capital (including Operating Lease Liability)
Lumentum Holdings Inc., debt to capital (including operating lease liability) calculation (quarterly data)
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 3,322,700 ÷ 4,169,300 = 0.80
Debt to Assets
Lumentum Holdings Inc., debt to assets calculation (quarterly data)
| Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 26, 2020 | Sep 26, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Current portion of long-term debt | 3,240,200) | 1,079,000) | 10,600) | 10,300) | 9,800) | 10,800) | —) | —) | 319,700) | 315,700) | 311,600) | 426,200) | 420,700) | 420,200) | 409,900) | 406,100) | 401,000) | 395,800) | 390,700) | 385,300) | 380,300) | —) | |||||||
| Long-term debt, excluding current portion | 47,100) | 2,164,500) | 2,562,600) | 2,562,400) | 2,561,200) | 2,569,200) | 2,503,200) | 2,502,400) | 2,501,700) | 2,500,900) | 2,500,000) | 1,900,800) | 1,900,300) | 1,899,500) | 1,466,100) | 1,447,600) | 810,300) | 800,000) | 789,800) | 778,900) | 769,100) | 1,134,700) | |||||||
| Total debt | 3,287,300) | 3,243,500) | 2,573,200) | 2,572,700) | 2,571,000) | 2,580,000) | 2,503,200) | 2,502,400) | 2,821,400) | 2,816,600) | 2,811,600) | 2,327,000) | 2,321,000) | 2,319,700) | 1,876,000) | 1,853,700) | 1,211,300) | 1,195,800) | 1,180,500) | 1,164,200) | 1,149,400) | 1,134,700) | |||||||
| Total assets | 4,805,300) | 4,613,100) | 4,218,700) | 3,975,000) | 3,966,100) | 3,969,600) | 3,931,900) | 4,204,500) | 4,656,000) | 4,545,000) | 4,632,100) | 4,354,000) | 4,418,100) | 4,387,400) | 4,162,200) | 4,133,500) | 3,615,700) | 3,519,000) | 3,551,600) | 3,745,900) | 3,468,200) | 3,387,400) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.68 | 0.70 | 0.61 | 0.65 | 0.65 | 0.65 | 0.64 | 0.60 | 0.61 | 0.62 | 0.61 | 0.53 | 0.53 | 0.53 | 0.45 | 0.45 | 0.34 | 0.34 | 0.33 | 0.31 | 0.33 | 0.33 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | — | 0.24 | 0.27 | 0.31 | 0.30 | 0.28 | 0.29 | 0.31 | 0.31 | 0.31 | 0.32 | 0.33 | 0.33 | 0.32 | 0.34 | 0.36 | 0.34 | 0.32 | 0.36 | 0.37 | 0.36 | 0.32 | |||||||
| Arista Networks Inc. | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | |||||||
| Cisco Systems Inc. | 0.24 | 0.23 | 0.23 | 0.24 | 0.26 | 0.26 | 0.25 | 0.26 | 0.11 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.12 | 0.10 | 0.12 | 0.12 | 0.15 | 0.15 | |||||||
| Dell Technologies Inc. | 0.32 | 0.33 | 0.31 | 0.31 | 0.30 | 0.32 | 0.32 | 0.32 | 0.32 | 0.34 | 0.33 | 0.32 | 0.30 | 0.31 | 0.29 | 0.35 | 0.36 | 0.38 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 0.17 | 0.33 | 0.34 | 0.23 | 0.20 | 0.21 | 0.22 | 0.21 | 0.07 | 0.04 | 0.08 | 0.06 | 0.06 | 0.08 | 0.19 | 0.18 | 0.12 | 0.11 | 0.04 | 0.04 | 0.02 | 0.02 | |||||||
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Debt to assets = Total debt ÷ Total assets
= 3,287,300 ÷ 4,805,300 = 0.68
2 Click competitor name to see calculations.
Debt to Assets (including Operating Lease Liability)
Lumentum Holdings Inc., debt to assets (including operating lease liability) calculation (quarterly data)
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 3,322,700 ÷ 4,805,300 = 0.69
Financial Leverage
Lumentum Holdings Inc., financial leverage calculation (quarterly data)
| Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 26, 2020 | Sep 26, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Total assets | 4,805,300) | 4,613,100) | 4,218,700) | 3,975,000) | 3,966,100) | 3,969,600) | 3,931,900) | 4,204,500) | 4,656,000) | 4,545,000) | 4,632,100) | 4,354,000) | 4,418,100) | 4,387,400) | 4,162,200) | 4,133,500) | 3,615,700) | 3,519,000) | 3,551,600) | 3,745,900) | 3,468,200) | 3,387,400) | |||||||
| Stockholders’ equity | 846,600) | 780,800) | 1,134,700) | 879,500) | 872,300) | 895,900) | 957,300) | 1,176,700) | 1,277,800) | 1,310,800) | 1,355,800) | 1,538,000) | 1,543,600) | 1,526,400) | 1,875,000) | 1,912,100) | 2,021,900) | 1,971,400) | 1,972,800) | 2,165,000) | 1,921,900) | 1,816,100) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 5.68 | 5.91 | 3.72 | 4.52 | 4.55 | 4.43 | 4.11 | 3.57 | 3.64 | 3.47 | 3.42 | 2.83 | 2.86 | 2.87 | 2.22 | 2.16 | 1.79 | 1.79 | 1.80 | 1.73 | 1.80 | 1.87 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | — | 4.30 | 4.87 | 5.04 | 4.96 | 5.15 | 6.41 | 4.97 | 4.55 | 4.77 | 5.67 | 5.56 | 5.34 | 6.11 | 6.96 | 5.79 | 5.20 | 5.30 | 5.56 | 5.13 | 4.87 | 5.35 | |||||||
| Arista Networks Inc. | — | — | 1.57 | 1.52 | 1.52 | 1.43 | 1.41 | 1.39 | 1.38 | 1.34 | 1.38 | 1.39 | 1.40 | 1.42 | 1.39 | 1.41 | 1.45 | 1.47 | — | — | — | — | |||||||
| Cisco Systems Inc. | 2.59 | 2.58 | 2.61 | 2.61 | 2.67 | 2.72 | 2.74 | 2.69 | 2.19 | 2.18 | 2.30 | 2.31 | 2.31 | 2.31 | 2.36 | 2.30 | 2.39 | 2.25 | 2.36 | 2.34 | 2.44 | 2.49 | |||||||
| Dell Technologies Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.15 | 25.43 | 34.92 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 4.00 | 2.21 | 2.22 | 1.68 | 1.56 | 1.85 | 1.81 | 1.74 | 1.76 | 1.89 | 1.86 | 1.81 | 1.69 | 2.03 | 2.25 | 2.41 | 2.26 | 2.14 | 2.05 | 1.90 | 1.78 | 1.69 | |||||||
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 4,805,300 ÷ 846,600 = 5.68
2 Click competitor name to see calculations.
Interest Coverage
Lumentum Holdings Inc., interest coverage calculation (quarterly data)
| Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Jan 1, 2022 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 26, 2020 | Sep 26, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net income (loss) | 78,200) | 4,200) | 213,300) | (44,100) | (60,900) | (82,400) | (252,500) | (127,000) | (99,100) | (67,900) | (60,200) | (39,300) | (31,700) | (400) | 34,700) | 26,000) | 56,700) | 81,500) | 21,500) | 225,500) | 83,200) | 67,100) | |||||||
| Add: Income tax expense | 18,300) | 1,000) | (224,700) | 4,900) | 18,600) | 3,200) | 125,000) | 19,600) | (2,400) | (1,400) | 14,800) | (9,400) | 4,600) | 19,200) | 2,400) | 3,300) | 12,400) | 18,100) | 7,000) | 27,400) | 14,900) | 16,500) | |||||||
| Add: Interest expense | 6,300) | 5,700) | 5,400) | 5,700) | 5,600) | 5,500) | 5,400) | 9,000) | 9,700) | 9,700) | 9,400) | 8,700) | 8,900) | 8,500) | 26,500) | 19,700) | 17,100) | 16,900) | 18,000) | 16,400) | 16,300) | 16,000) | |||||||
| Earnings before interest and tax (EBIT) | 102,800) | 10,900) | (6,000) | (33,500) | (36,700) | (73,700) | (122,100) | (98,400) | (91,800) | (59,600) | (36,000) | (40,000) | (18,200) | 27,300) | 63,600) | 49,000) | 86,200) | 116,500) | 46,500) | 269,300) | 114,400) | 99,600) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Interest coverage1 | 3.21 | -2.92 | -6.75 | -11.98 | -12.98 | -13.04 | -11.00 | -7.56 | -6.06 | -4.19 | -1.88 | 0.62 | 1.91 | 3.15 | 3.93 | 4.16 | 7.58 | 8.09 | 7.94 | 7.95 | 4.84 | 4.11 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||
| Cisco Systems Inc. | 9.71 | 9.02 | 7.97 | 7.39 | 7.13 | 8.66 | 13.16 | 21.47 | 36.55 | 38.18 | 36.87 | 35.87 | 37.17 | 39.53 | 41.21 | 41.54 | 38.79 | 35.64 | 31.56 | 29.20 | 27.76 | 25.98 | |||||||
| Super Micro Computer Inc. | 13.06 | 14.63 | 21.24 | 32.93 | 47.86 | 45.14 | 63.83 | 58.83 | 58.89 | 84.71 | 72.55 | 70.87 | 68.85 | 56.79 | 53.71 | 51.73 | 42.94 | 45.86 | 48.81 | 38.80 | 38.83 | 36.02 | |||||||
Based on: 10-Q (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-K (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26).
1 Q2 2026 Calculation
Interest coverage
= (EBITQ2 2026
+ EBITQ1 2026
+ EBITQ4 2025
+ EBITQ3 2025)
÷ (Interest expenseQ2 2026
+ Interest expenseQ1 2026
+ Interest expenseQ4 2025
+ Interest expenseQ3 2025)
= (102,800 + 10,900 + -6,000 + -33,500)
÷ (6,300 + 5,700 + 5,400 + 5,700)
= 3.21
2 Click competitor name to see calculations.