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Lumentum Holdings

NASDAQ: LITE · USD

Lumentum Holdings debt and dilution57

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$3,234.3M
Jun 27, 2015 through Jun 27, 2026

Cash & equivalents

USD millions

$2,043.5M

Net debt

USD millions

$1,190.8M

Debt / equity

×

0.7×

Debt / assets

%

44.26%

Net debt / EBITDA

× · TTM

1.51×

Debt / FCF

× · TTM

10.78×

Interest coverage

× · TTM

24.07×

Current ratio

×

1.68×

Diluted shares

Million shares

36.2M shares

Basic shares

Million shares

85.4M shares

Share count growth

%

22.7%

Share repurchases

USD millions

—

Unavailable for FY 2026 Q4.

Quarterly data

Lumentum Holdings capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q4Jun 27, 20263,234.32,043.51,190.80.7×44.26%1.51×10.78×24.07×1.68×36.285.422.7%—
FY 2026 Q3Mar 28, 20266,520.42,617.83,902.62.19×92.78%7.94×57.2×10.05×1.14×96.271.53.17%—
FY 2026 Q2Dec 27, 20256,527.5657.75,869.87.71×135.84%21.57×—1.08×0.61×87.871.13.19%—
FY 2026 Q1Sep 27, 20254,322.5772.93,549.65.54×93.7%22.68×—-4.06×1.37×78.370.32.93%—
FY 2025 Q4Jun 28, 20252,583.8520.72,063.12.28×61.25%27.92×—-8.11×4.37×7269.62.5%—
FY 2025 Q3Mar 29, 20252,583516.42,066.62.94×64.98%——-13.74×4.72×69.369.32.67%—
FY 2025 Q2Dec 28, 20242,571479.72,091.32.95×64.82%——-14.98×4.76×68.968.92.53%—
FY 2025 Q1Sep 28, 20242,580489.22,090.82.88×64.99%——-14.72×5.36×68.368.32.4%—
FY 2024 Q4Jun 29, 20242,503.2436.72,066.52.61×63.66%——-12.84×5.9×67.967.9-0.59%0
FY 2024 Q3Mar 30, 2024—425—————-9.43×5.2×67.567.5-1.6%0
FY 2024 Q2Dec 30, 2023—469.3—————-7.82×3.13×67.267.2-1.61%0
FY 2024 Q1Sep 30, 2023—861.5—————-5.72×4.53×66.766.7-2.06%0
FY 2023 Q4Jul 1, 2023—859—————-3.26×4.38×68.368.3-0.73%139.8
FY 2023 Q3Apr 1, 20232,831.2549.22,2821.84×65.03%10.66×22.81×-0.08×3.2×68.668.6-3.38%0
FY 2023 Q2Dec 31, 20222,826.1592.12,2341.83×63.97%7.54×14.37×1.47×3.06×68.368.3-5.53%0
FY 2023 Q1Oct 1, 20222,830.4605.32,225.11.85×64.51%5.81×8.79×2.8×3.04×68.168.1-6.33%35.8
FY 2022 Q4Jul 2, 20222,820.81,290.21,530.61.5×67.77%3.25×7.66×3.78×4.38×71.568.8-8.02%95.3
FY 2022 Q3Apr 2, 20222,416.61,130.31,286.31.26×58.46%2.78×6.23×4.1×4.69×74.571-6.33%322
FY 2022 Q2Jan 1, 20221,5295529770.76×42.29%1.43×2.2×7.51×3.87×75.372.3-4.37%34.9
FY 2022 Q1Oct 2, 20211,531.6611920.60.78×43.52%1.28×2.47×8.05×3.96×75.472.7-3.45%91.7
FY 2021 Q4Jul 3, 20211,532.3774.37580.78×43.14%1.08×2.34×7.9×3.67×77.574.8-0.27%236
FY 2021 Q3Apr 3, 20211,534.9687.7847.20.71×40.98%1.23×2.36×7.87×3.81×79.275.81.34%0
FY 2021 Q2Dec 26, 20201,535.4321.31,214.10.8×44.27%2.6×3.67×4.45×3.5×78.475.6-1.56%0
FY 2021 Q1Sep 26, 20201,538.1269.51,268.60.85×45.41%2.96×3.41×3.7×7.38×78.275.3-2.08%0
FY 2020 Q4Jun 27, 20201,538.62981,240.60.88×46.73%3.13×3.51×3.33×7.24×7575-1.96%0
FY 2020 Q3Mar 28, 20201,541.3688.38530.89×47.15%2.41×4.07×2.88×6.85×77.574.8-1.84%0
FY 2020 Q2Dec 28, 20191,541.81,085456.80.92×47.86%1.84×5.91×0.85×6.19×7876.814.97%—
FY 2020 Q1Sep 28, 2019—539—————-0.44×4.49×77.676.921.87%—
FY 2019 Q4Jun 29, 2019—432.6—————-0.6×4.53×76.576.522.01%0
FY 2019 Q3Mar 30, 2019—357.3——————3.96×76.276.222.12%0
FY 2019 Q2Dec 29, 2018—371.3——————4.17×67.866.87.4%—
FY 2019 Q1Sep 29, 2018456.2459.4-3.20.46×27.73%-0.01×2.22×—5.52×63.963.12.27%—
FY 2018 Q4Jun 30, 2018456.7397.359.40.49×28.88%0.27×2.96×7.69×5.27×6562.72.28%—
FY 2018 Q3Mar 31, 2018456.1176.8279.30.52×30.04%1.43×4.07×—5.56×63.362.42.3%—
FY 2018 Q2Dec 30, 2017456.7202.1254.60.53×30.3%1.42×22.5×—4.84×64.662.23.15%—
FY 2018 Q1Sep 30, 2017456.7150.8305.90.71×36.58%3.11×——5.21×6361.73.01%—
FY 2017 Q4Jul 1, 2017457.3272.9184.40.74×37.09%1.7×—8.65×5.05×61.361.33.2%—
FY 2017 Q3Apr 1, 2017457.3577.9-120.60.98×36.75%-1.07×——4.9×61613.04%—
FY 2017 Q2Dec 31, 2016—155.9——————2.61×62.760.32.2%—
FY 2017 Q1Oct 1, 2016—166.8——————2.99×59.959.91.87%—
FY 2016 Q4Jul 2, 2016—157.1—————115×2.82×61.859.4——
FY 2016 Q3Apr 2, 2016—157.2——————2.86×59.259.2——
FY 2016 Q2Dec 26, 2015—161.9——————3.04×59.259——
FY 2016 Q1Sep 26, 2015—142.1——————3.42×58.858.8——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · LITE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.