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Ciena Corporation Balance Sheet 2025-2007 | CIEN
Brief overview of Ciena Corporation's balance sheet strength
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
The balance sheet expanded from $4.9 billion to $5.9 billion. Growth of +20.5% and CAGR of 4.8% look measured and sustainable.
Asset growth of +20.5% came with a +69.9% rise in liabilities. Financial leverage became more prominent.
The equity ratio is 46.5% versus 62.1% five periods ago. Capitalization remains workable.
Net debt to equity stands at 0.16x; the current burden does not look excessive.
The cash reserve occupies 18.6% of the balance sheet, previously 29.2%. It is one marker of short-term resilience.
Retained earnings remain negative at -$3.2 billion. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Overall picture
Ciena Corporation's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet Ciena Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
446 M | 613 M | 549 M | 85.7 M | -734 M | -393 M | -217 M | -52 M | 295 M | 485 M | 483 M | 878 M | 991 M | 800 M | 900 M | - | - | - | - |
Long Term Debt |
1.52 B | 1.53 B | 1.54 B | 1.06 B | 670 M | 676 M | 680 M | 686 M | 584 M | 1.03 B | 1.27 B | 1.27 B | 1.21 B | 1.23 B | 1.44 B | - | - | - | - |
Long Term Debt Current |
14 M | 14.5 M | 16.7 M | 18.9 M | 18.6 M | 19 M | 20.5 M | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 875 M | 864 M | 778 M | 1.22 B | 1.41 B | 1.36 B | 1.27 B | 1.29 B | 1.48 B | - | - | - | - |
Total Current Liabilities |
1.31 B | 1 B | 932 M | 1.04 B | 909 M | 761 M | 846 M | 963 M | 1.04 B | 892 M | 667 M | 781 M | 615 M | 685 M | 453 M | 470 M | 199 M | - | - |
Total Liabilities |
3.14 B | 2.83 B | 2.75 B | 2.36 B | 1.85 B | 1.67 B | 1.72 B | 1.83 B | 1.82 B | 2.12 B | 2.07 B | 2.14 B | 1.89 B | 1.97 B | 1.94 B | 1.96 B | 1.05 B | - | - |
Deferred Revenue |
209 M | 156 M | 154 M | 138 M | 118 M | 109 M | 111 M | 111 M | 102 M | 109 M | 126 M | 105 M | 88.6 M | 79.5 M | 99.4 M | 75.3 M | 40.6 M | - | - |
Retained Earnings |
-3.17 B | -3.29 B | -3.38 B | -3.63 B | -3.79 B | -4.28 B | -4.64 B | -4.95 B | -4.66 B | -5.93 B | -6 B | -6.01 B | -5.97 B | -5.88 B | -5.74 B | -5.54 B | -5.21 B | - | - |
Total Assets |
5.86 B | 5.64 B | 5.6 B | 5.07 B | 4.87 B | 4.18 B | 3.89 B | 3.76 B | 3.95 B | 2.88 B | 2.7 B | 2.07 B | 1.8 B | 1.88 B | 1.95 B | 2.12 B | 1.5 B | - | - |
Cash and Cash Equivalents |
1.09 B | 935 M | 1.01 B | 994 M | 1.42 B | 1.09 B | 904 M | 745 M | 641 M | 778 M | 791 M | 587 M | 346 M | 642 M | 542 M | 689 M | 486 M | 551 M | 892 M |
Book Value |
2.73 B | 2.82 B | 2.85 B | 2.71 B | 3.02 B | 2.51 B | 2.17 B | 1.93 B | 2.14 B | 766 M | 621 M | -69.6 M | -82.7 M | -89 M | 13.9 M | 159 M | 456 M | - | - |
Total Shareholders Equity |
2.73 B | 2.82 B | 2.85 B | 2.71 B | 3.02 B | 2.51 B | 2.17 B | 1.93 B | 2.14 B | 766 M | 621 M | -69.6 M | -82.7 M | -89 M | 13.9 M | 159 M | 456 M | 999 M | 850 M |
All numbers in USD currency
Quarterly Balance Sheet Ciena Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.52 B | 1.52 B | 1.52 B | 1.52 B | 1.53 B | 1.53 B | - | 1.53 B | - | 1.54 B | 1.54 B | 1.54 B | 1.54 B | - | 39.4 M | 1.06 B | 42.6 M | 40.4 M | 63.4 M | 41.6 M | 63.1 M | 65 M | 64.1 M | 676 M | 61.8 M | 59.6 M | - | 680 M | 55.6 M | - | - | 686 M | - | - | - | 584 M | 394 M | 393 M | - | 1.02 B | 486 M | - | - | 1.27 B | - | - | - | 1.27 B | - | - | - | 1.21 B | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
3.15 B | 3.1 B | 3.1 B | 3.14 B | 2.96 B | 2.88 B | - | 2.83 B | - | 2.73 B | 2.67 B | 2.75 B | 2.78 B | - | 2.09 B | 2.36 B | 2.23 B | 2.18 B | 1.6 B | 1.85 B | 1.73 B | 1.85 B | 1.64 B | 1.67 B | 1.67 B | 1.67 B | 1.56 B | 1.72 B | 1.72 B | 1.62 B | 1.71 B | 1.83 B | 1.83 B | 1.83 B | 2.06 B | 1.82 B | 1.82 B | 1.82 B | 1.96 B | 2.11 B | 2.11 B | 2.11 B | 2.14 B | 2.07 B | 2.07 B | 2.07 B | 1.89 B | 2.14 B | 2.14 B | 2.14 B | 1.96 B | 1.89 B | 1.89 B | 1.89 B | 1.94 B | 1.97 B | 1.97 B | 1.97 B | 1.95 B | 1.94 B | 1.94 B | 1.94 B | 1.58 B |
Deferred Revenue |
238 M | 290 M | 290 M | 209 M | 196 M | 222 M | - | 156 M | - | 197 M | 167 M | 154 M | 188 M | - | 125 M | 138 M | 148 M | 156 M | 136 M | 118 M | 126 M | 118 M | 122 M | 109 M | 109 M | 109 M | 85.5 M | 111 M | 111 M | 104 M | 103 M | 111 M | 104 M | 102 M | 113 M | 102 M | 102 M | 102 M | 107 M | 109 M | 109 M | 109 M | 106 M | 126 M | 126 M | 126 M | 96.2 M | 105 M | 105 M | 105 M | 79.9 M | 88.6 M | 88.6 M | 88.6 M | 79.9 M | 79.5 M | 79.5 M | 79.5 M | 78.6 M | 99.4 M | 99.4 M | 99.4 M | 58.7 M |
Retained Earnings |
-2.8 B | -3.02 B | -3.02 B | -3.17 B | -3.19 B | -3.24 B | - | -3.29 B | - | -3.34 B | -3.33 B | -3.38 B | -3.47 B | - | -3.74 B | -3.63 B | -3.69 B | -3.7 B | -4.23 B | -3.79 B | -3.89 B | -3.79 B | -4.58 B | -4.28 B | -4.28 B | -4.28 B | -4.86 B | -4.64 B | -4.64 B | -4.81 B | -5.08 B | -4.9 B | -4.9 B | -4.9 B | -5.92 B | -4.66 B | -4.66 B | -4.66 B | -6.01 B | -5.93 B | -5.93 B | -5.93 B | -6.03 B | -6 B | -6 B | -6 B | -5.99 B | -6.01 B | -6.01 B | -6.01 B | -5.93 B | -5.97 B | -5.97 B | -5.97 B | -5.79 B | -5.88 B | -5.88 B | -5.88 B | -5.62 B | -5.74 B | -5.74 B | -5.74 B | -5.46 B |
Total Assets |
6.04 B | 5.89 B | 5.89 B | 5.86 B | 5.75 B | 5.66 B | - | 5.64 B | - | 5.61 B | 5.59 B | 5.6 B | 5.72 B | - | 4.9 B | 5.07 B | 4.9 B | 4.96 B | 4.19 B | 4.87 B | 4.66 B | 4.87 B | 3.83 B | 4.18 B | 4.18 B | 4.18 B | 3.62 B | 3.95 B | 3.95 B | 3.95 B | 3.47 B | 3.78 B | 3.78 B | 3.78 B | 2.86 B | 3.95 B | 3.95 B | 3.95 B | 2.59 B | 2.87 B | 2.87 B | 2.87 B | 2.06 B | 2.7 B | 2.7 B | 2.7 B | 1.8 B | 2.07 B | 2.07 B | 2.07 B | 1.89 B | 1.8 B | 1.8 B | 1.8 B | 1.92 B | 1.88 B | 1.88 B | 1.88 B | 2.05 B | 1.95 B | 1.95 B | 1.95 B | 1.81 B |
Cash and Cash Equivalents |
1.05 B | 1.12 B | 1.12 B | 1.09 B | 1.06 B | 950 M | 875 M | 935 M | 884 M | 1.09 B | 1.26 B | 1.01 B | 1.12 B | 1.17 B | 1.05 B | 994 M | 860 M | 1.02 B | 1.03 B | 1.42 B | 1.23 B | 1.42 B | 837 M | 1.09 B | 1.09 B | 1.09 B | 669 M | 904 M | 904 M | 699 M | 649 M | 745 M | 726 M | 745 M | 694 M | 641 M | 641 M | 641 M | 660 M | 778 M | 778 M | 778 M | 599 M | 791 M | 791 M | 791 M | 330 M | 587 M | 587 M | 587 M | 552 M | 346 M | 346 M | 346 M | 550 M | 642 M | 642 M | 642 M | 626 M | 542 M | 542 M | 542 M | 470 M |
Book Value |
2.89 B | 2.79 B | 2.79 B | 2.73 B | 2.79 B | 2.78 B | - | 2.82 B | - | 2.88 B | 2.92 B | 2.85 B | 2.95 B | - | 2.81 B | 2.71 B | 2.67 B | 2.78 B | 2.59 B | 3.02 B | 2.92 B | 3.02 B | 2.19 B | 2.51 B | 2.51 B | 2.51 B | 2.05 B | 2.23 B | 2.23 B | 2.32 B | 1.76 B | 1.95 B | 1.95 B | 1.95 B | 799 M | 2.14 B | 2.14 B | 2.14 B | 627 M | 766 M | 766 M | 766 M | -88.6 M | 621 M | 621 M | 621 M | -86.9 M | -69.6 M | -69.6 M | -69.6 M | -78.6 M | -82.7 M | -82.7 M | -82.7 M | -21.1 M | -89 M | -89 M | -89 M | 95.1 M | 13.9 M | 13.9 M | 13.9 M | 228 M |
Total Shareholders Equity |
2.89 B | 2.79 B | 2.79 B | 2.73 B | 2.79 B | 2.78 B | 2.79 B | 2.82 B | 2.89 B | 2.88 B | 2.92 B | 2.85 B | 2.95 B | 2.91 B | 2.84 B | 2.71 B | 2.67 B | 2.78 B | 2.59 B | 3.02 B | 2.92 B | 3.02 B | 2.19 B | 2.51 B | 2.51 B | 2.51 B | 2.05 B | 2.17 B | 2.17 B | 2.06 B | 1.76 B | 1.93 B | 1.93 B | 1.93 B | 799 M | 2.14 B | 2.14 B | 2.14 B | 627 M | 766 M | 766 M | 766 M | -88.6 M | 621 M | 621 M | 621 M | -86.9 M | -69.6 M | -69.6 M | -69.6 M | -78.6 M | -82.7 M | -82.7 M | -82.7 M | -21.1 M | -89 M | -89 M | -89 M | 95.1 M | 13.9 M | 13.9 M | 13.9 M | 228 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Ciena Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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