Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.36 is 81% below its 5-year average of 1.94, near the low end of its 5-year range (0.36–4.20).
As of the fiscal period ended Saturday, June 27, 2026. 84.91% below its 12-month average of 2.39.
Reported quarterly debt to equity ratio; no daily interpolation. Q4 FY2026 (2026-06-27): 0.36.
DEBT TO EQUITY RATIO
0.36
DEBT TO EQUITY RATIO AVG TTM
2.39
DEBT TO EQUITY RATIO AVG 3Y
2.52
DEBT TO EQUITY RATIO AVG 5Y
1.94
DEBT TO EQUITY RATIO AVG 10Y
1.22
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-84.91%
CURRENT VS 3Y AVG
-85.69%
CURRENT VS 5Y AVG
-81.50%
CURRENT VS 10Y AVG
-70.52%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.33
median of 186 covered companies
CURRENT VS SECTOR MEDIAN
+9.05%
vs the sector median at left
Lumentum Holdings Inc.
Market Cap
$72.90B
Debt to Equity Ratio
0.36
TTM Avg
2.39
3Y Avg
2.52
5Y Avg
1.94
Market Cap
$76.98B
Debt to Equity Ratio
3.60
TTM Avg
3.95
3Y Avg
18.35
5Y Avg
18.35
Market Cap
$65.98B
Debt to Equity Ratio
0.00
TTM Avg
0.01
3Y Avg
0.01
5Y Avg
0.00
Market Cap
$82.50B
Debt to Equity Ratio
0.76
TTM Avg
0.89
3Y Avg
0.78
5Y Avg
0.82
Market Cap
$62.24B
Debt to Equity Ratio
0.43
TTM Avg
0.46
3Y Avg
0.45
5Y Avg
0.45
Market Cap
$61.86B
Debt to Equity Ratio
0.00
TTM Avg
0.01
3Y Avg
0.02
5Y Avg
0.02
Market Cap
$61.37B
Debt to Equity Ratio
0.12
TTM Avg
0.17
3Y Avg
0.17
5Y Avg
0.19
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lumentum Holdings Inc. (LITE) | $72.90B | 0.36 | 2.39 | 2.52 | 1.94 |
| Motorola Solutions, Inc. (MSI)vs › | $76.98B | 3.60 | 3.95 | 18.35 | 18.35 |
| Intuit Inc. (INTU)vs › | $78.77B | 0.44 | 0.39 | 0.38 | 0.37 |
| Monolithic Power Systems, Inc. (MPWR)vs › | $65.98B | 0.00 | 0.01 | 0.01 | 0.00 |
| Synopsys, Inc. (SNPS)vs › | $80.27B | 0.35 | 0.29 | 0.20 | 0.18 |
| Hewlett Packard Enterprise Company (HPE)vs › | $82.50B | 0.76 | 0.89 | 0.78 | 0.82 |
| TE Connectivity plc (TEL)vs › | $62.24B | 0.43 | 0.46 | 0.45 | 0.45 |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $61.86B | 0.00 | 0.01 | 0.02 | 0.02 |
| United Microelectronics Corporation (UMC)vs › | $61.37B | 0.12 | 0.17 | 0.17 | 0.19 |
| Teradyne, Inc. (TER)vs › | $60.52B | 0.03 | 0.08 | 0.08 | 0.10 |
Debt/Equity
0.36
Current Ratio
1.68
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-27 | 0.36 |
| 2026-03-28 | 1.11 |
| 2025-12-27 | 3.95 |
| 2025-09-27 | 4.20 |
| 2025-06-28 | 2.30 |
| 2025-03-29 | 2.97 |
| 2024-12-28 | 2.99 |
| 2024-09-28 | 2.93 |
| 2024-06-29 | 2.67 |
| 2024-03-30 | 2.18 |
| 2023-12-30 | 2.26 |
| 2023-09-30 | 2.19 |
| 2023-06-30 | 2.12 |
| 2023-04-01 | 1.56 |
| 2022-12-31 | 1.55 |
| 2022-10-01 | 1.57 |
| 2022-06-30 | 1.03 |
| 2022-04-02 | 1.00 |
| 2022-01-01 | 0.63 |
| 2021-10-02 | 0.64 |
| 2021-06-30 | 0.63 |
| 2021-04-03 | 0.57 |
| 2020-12-26 | 0.63 |
| 2020-09-26 | 0.66 |
| 2020-06-30 | 0.68 |
| 2020-03-28 | 0.68 |
| 2019-12-28 | 0.70 |
| 2019-09-28 | 0.60 |
| 2019-06-30 | 0.56 |
| 2019-03-30 | 0.56 |
| 2018-12-29 | 0.54 |
| 2018-09-29 | 0.34 |
| 2018-06-30 | 0.36 |
| 2018-03-31 | 0.37 |
| 2017-12-30 | 0.38 |
| 2017-09-30 | 0.49 |
| 2017-06-30 | 0.49 |
| 2017-04-01 | 0.62 |
| 2016-12-31 | 0.00 |
| 2016-10-01 | 0.00 |
| 2016-06-30 | 0.00 |
| 2016-04-02 | 0.00 |
| 2015-12-26 | 0.00 |
| 2015-09-26 | 0.00 |
| 2015-06-30 | 0.00 |
| 2015-03-31 | 0.00 |
| 2014-12-31 | 0.00 |
| 2014-09-30 | 0.00 |
| 2014-06-30 | 0.00 |
| 2014-03-31 | 0.00 |
| 2013-12-28 | 0.00 |
| 2013-09-28 | 0.00 |