Current Ratio
since 2005
Calculation
Lam Research Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 28, 2026 | 2.63 | = | 15,610,705) | ÷ | 5,937,249) |
| Jun 29, 2025 | 2.21 | = | 14,516,995) | ÷ | 6,568,425) |
| Jun 30, 2024 | 2.97 | = | 12,883,220) | ÷ | 4,338,438) |
| Jun 25, 2023 | 3.16 | = | 13,228,412) | ÷ | 4,184,918) |
| Jun 26, 2022 | 2.69 | = | 12,285,235) | ÷ | 4,564,759) |
| Jun 27, 2021 | 3.30 | = | 11,652,387) | ÷ | 3,527,867) |
| Jun 28, 2020 | 3.43 | = | 10,853,535) | ÷ | 3,162,442) |
| Jun 30, 2019 | 3.61 | = | 8,560,409) | ÷ | 2,371,650) |
| Jun 24, 2018 | 2.90 | = | 9,149,911) | ÷ | 3,150,308) |
| Jun 25, 2017 | 3.10 | = | 9,142,498) | ÷ | 2,950,115) |
| Jun 26, 2016 | 3.81 | = | 9,214,911) | ÷ | 2,419,802) |
| Jun 28, 2015 | 2.38 | = | 6,270,849) | ÷ | 2,631,361) |
| Jun 29, 2014 | 3.02 | = | 4,783,662) | ÷ | 1,582,001) |
| Jun 30, 2013 | 2.70 | = | 3,793,829) | ÷ | 1,404,475) |
| Jun 24, 2012 | 3.09 | = | 4,415,109) | ÷ | 1,426,928) |
| Jun 26, 2011 | 4.79 | = | 3,276,792) | ÷ | 684,286) |
| Jun 27, 2010 | 3.14 | = | 1,756,661) | ÷ | 558,657) |
| Jun 28, 2009 | 3.51 | = | 1,195,827) | ÷ | 340,763) |
| Jun 29, 2008 | 3.01 | = | 1,917,707) | ÷ | 637,679) |
| Jun 24, 2007 | 2.11 | = | 1,416,361) | ÷ | 672,798) |
| Jun 25, 2006 | 3.01 | = | 1,706,369) | ÷ | 566,226) |
| Jun 26, 2005 | 3.28 | = | 1,244,836) | ÷ | 379,133) |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
1 US$ in thousands
Analysis of the liquidity position from 2005 to 2026 reveals a consistent pattern of strong short-term solvency, characterized by a current ratio that remains well above 2.0 throughout the entire observed period.
- Growth in Liquidity Components
- Current assets experienced substantial growth, increasing from 1.24 billion USD in 2005 to 15.61 billion USD by 2026. Current liabilities also expanded over the same period, rising from 379 million USD to 5.94 billion USD. This simultaneous increase reflects a significant scaling of the operational balance sheet over two decades.
- Current Ratio Volatility and Trends
- The current ratio exhibited periods of fluctuation, reaching a peak of 4.79 in 2011, which indicates a period of exceptionally high liquidity. Following this peak, the ratio generally stabilized between 2.3 and 3.8. The lowest recorded values—2.11 in 2007 and 2.21 in 2025—still demonstrate a strong ability to cover short-term obligations, as assets remained more than double the liabilities.
- Short-Term Solvency and Risk Profile
- The maintenance of a current ratio consistently above 2.0 suggests a conservative liquidity management strategy. While there was a notable dip in the ratio during 2025 to 2.21, a subsequent recovery to 2.63 in 2026 indicates a resilient capacity to manage short-term debts. The broad trend suggests that the expansion of the asset base has largely kept pace with the increase in short-term liabilities, maintaining a low risk of liquidity distress.
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Comparison to Competitors
Lam Research Corp., current ratio, long-term trends, comparison to competitors
| Lam Research Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 28, 2026 | 2.63 | — | — | — | — | — | 2.88 | — | 3.91 | — | — |
| Jun 29, 2025 | 2.21 | 2.85 | 2.19 | 2.61 | 1.71 | 2.02 | 2.62 | 2.52 | 4.44 | 2.82 | 4.35 |
| Jun 30, 2024 | 2.97 | 2.62 | 1.84 | 2.51 | 1.17 | 1.33 | 2.15 | 2.64 | 4.17 | 2.40 | 4.12 |
| Jun 25, 2023 | 3.16 | 2.51 | 1.37 | 2.60 | 2.82 | 1.54 | 2.24 | 4.46 | 3.52 | 2.33 | 4.55 |
| Jun 26, 2022 | 2.69 | 2.36 | 2.02 | 2.16 | 2.62 | 1.57 | 2.50 | 2.89 | 6.65 | 1.75 | 4.70 |
| Jun 27, 2021 | 3.30 | 2.02 | 1.94 | 2.54 | 2.64 | 2.10 | 2.71 | 3.10 | 4.09 | 1.68 | 5.33 |
| Jun 28, 2020 | 3.43 | 2.54 | 1.84 | 3.00 | 1.87 | 1.91 | 2.78 | 2.71 | 7.67 | 2.14 | 4.28 |
| Jun 30, 2019 | 3.61 | 1.95 | 1.32 | 2.30 | 1.44 | 1.40 | 2.44 | 2.58 | 7.94 | 1.88 | 4.13 |
| Jun 24, 2018 | 2.90 | 1.78 | 1.50 | 2.64 | 3.90 | 1.73 | 3.73 | 2.79 | 8.03 | 1.55 | 3.27 |
| Jun 25, 2017 | 3.10 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 2.34 | 4.77 | 4.00 | 3.87 |
| Jun 26, 2016 | 3.81 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 1.96 | 2.57 | 3.14 | 3.29 |
| Jun 28, 2015 | 2.38 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.20 | 6.38 | 3.62 | 2.77 |
| Jun 29, 2014 | 3.02 | 1.90 | 5.38 | 2.47 | 3.77 | 1.73 | 5.12 | 2.13 | 5.95 | 3.73 | 2.92 |
| Jun 30, 2013 | 2.70 | 1.78 | 9.59 | 2.31 | 4.30 | 2.36 | 5.05 | 2.16 | 4.89 | 3.75 | 2.92 |
| Jun 24, 2012 | 3.09 | 1.62 | 8.94 | 2.25 | 4.89 | 2.43 | 4.83 | 2.57 | 4.20 | 2.95 | 2.40 |
| Jun 26, 2011 | 4.79 | 1.82 | 8.35 | 3.71 | 3.98 | 2.15 | 4.17 | 2.35 | 3.42 | 2.70 | 2.24 |
| Jun 27, 2010 | 3.14 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 2.34 | 3.16 | 2.22 | 3.56 |
| Jun 28, 2009 | 3.51 | 1.93 | 6.44 | 2.93 | 1.36 | 2.79 | 4.25 | 1.77 | 2.78 | 4.47 | 3.85 |
| Jun 29, 2008 | 3.01 | 1.07 | 3.67 | 2.26 | — | 2.54 | 3.19 | 2.36 | 2.99 | 5.12 | 3.78 |
| Jun 24, 2007 | 2.11 | 1.45 | 3.61 | 2.78 | — | 2.79 | 3.03 | 2.58 | 3.18 | 3.91 | 3.42 |
| Jun 25, 2006 | 3.01 | 1.39 | 6.13 | 2.50 | — | 2.15 | 3.53 | 3.07 | 3.53 | 4.96 | 3.78 |
| Jun 26, 2005 | 3.28 | 1.95 | 4.56 | 5.35 | — | 2.30 | 3.44 | 2.99 | 3.10 | 7.28 | 3.92 |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Lam Research Corp., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 28, 2026 | 2.63 | — |
| Jun 29, 2025 | 2.21 | 2.63 |
| Jun 30, 2024 | 2.97 | 2.14 |
| Jun 25, 2023 | 3.16 | 2.45 |
| Jun 26, 2022 | 2.69 | 2.34 |
| Jun 27, 2021 | 3.30 | 2.47 |
| Jun 28, 2020 | 3.43 | 2.47 |
| Jun 30, 2019 | 3.61 | 2.04 |
| Jun 24, 2018 | 2.90 | 2.31 |
| Jun 25, 2017 | 3.10 | 2.90 |
| Jun 26, 2016 | 3.81 | 2.38 |
| Jun 28, 2015 | 2.38 | 2.82 |
| Jun 29, 2014 | 3.02 | 2.58 |
| Jun 30, 2013 | 2.70 | 2.87 |
| Jun 24, 2012 | 3.09 | 2.76 |
| Jun 26, 2011 | 4.79 | 2.67 |
| Jun 27, 2010 | 3.14 | 2.89 |
| Jun 28, 2009 | 3.51 | 3.00 |
| Jun 29, 2008 | 3.01 | 2.79 |
| Jun 24, 2007 | 2.11 | 2.80 |
| Jun 25, 2006 | 3.01 | 2.71 |
| Jun 26, 2005 | 3.28 | 3.22 |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Industry (Information Technology)
Lam Research Corp., current ratio, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 28, 2026 | 2.63 | — |
| Jun 29, 2025 | 2.21 | 1.40 |
| Jun 30, 2024 | 2.97 | 1.25 |
| Jun 25, 2023 | 3.16 | 1.41 |
| Jun 26, 2022 | 2.69 | 1.37 |
| Jun 27, 2021 | 3.30 | 1.56 |
| Jun 28, 2020 | 3.43 | 1.71 |
| Jun 30, 2019 | 3.61 | 1.66 |
| Jun 24, 2018 | 2.90 | 1.88 |
| Jun 25, 2017 | 3.10 | 2.04 |
| Jun 26, 2016 | 3.81 | 2.01 |
| Jun 28, 2015 | 2.38 | 2.03 |
| Jun 29, 2014 | 3.02 | 1.97 |
| Jun 30, 2013 | 2.70 | 2.20 |
| Jun 24, 2012 | 3.09 | 2.07 |
| Jun 26, 2011 | 4.79 | 2.11 |
| Jun 27, 2010 | 3.14 | 2.01 |
| Jun 28, 2009 | 3.51 | 2.03 |
| Jun 29, 2008 | 3.01 | 1.80 |
| Jun 24, 2007 | 2.11 | 1.79 |
| Jun 25, 2006 | 3.01 | 1.85 |
| Jun 26, 2005 | 3.28 | 2.01 |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).