Current Ratio
since 2005
Calculation
Lam Research Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| 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: 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
The analysis of the annual financial data reveals notable fluctuations and trends in the liquidity position over the reported periods. The current assets exhibit a generally increasing trend, with some variability, rising from approximately 1.2 billion in mid-2005 to over 14.5 billion by mid-2025. This growth indicates an expansion in liquid and short-term assets available to meet obligations.
Current liabilities also show an upward trend but with more pronounced variability and occasional declines, starting from around 379 million in 2005 and reaching nearly 6.6 billion by 2025. This increase reflects growth in short-term obligations, which may be associated with operational scale or capital structure changes.
The current ratio, which measures the company's ability to cover short-term liabilities with short-term assets, fluctuates significantly throughout the periods. Initially, the ratio stands at a high level near 3.28 in 2005, indicating strong liquidity, but it generally trends downward after some peaks, declining to approximately 2.21 by 2025. Periods such as 2011 and 2016 show exceptionally high ratios (around 4.79 and 3.81 respectively), suggesting temporarily strong liquidity positions during those years.
Overall, the current ratio remains above 2.0 for most of the timeframe, which generally indicates a comfortable liquidity cushion. However, the downward trend toward 2025 coupled with rising current liabilities warrants attention to ensure ongoing short-term financial stability. The growth in current assets outpaces liabilities overall, but the narrowing margin later in the series suggests more cautious management of working capital may be advisable.
- Current Assets
- Increased substantially from 1.24 billion in 2005 to 14.5 billion in 2025, indicating significant asset growth.
- Current Liabilities
- Also increased notably from 379 million in 2005 to 6.57 billion in 2025, exhibiting volatility but consistent upward movement.
- Current Ratio
- Displayed volatility with peaks around 4.79 in 2011 and lows nearing 2.21 by 2025; generally remained above 2.0, reflecting adequate but decreasing liquidity.
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 29, 2025 | 2.21 | — | — | — | — | — | 2.62 | — | 4.44 | — | — |
| 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: 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 29, 2025 | 2.21 | — |
| 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: 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 29, 2025 | 2.21 | — |
| Jun 30, 2024 | 2.97 | 1.24 |
| Jun 25, 2023 | 3.16 | 1.41 |
| Jun 26, 2022 | 2.69 | 1.37 |
| Jun 27, 2021 | 3.30 | 1.55 |
| 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 | 1.78 |
| Jun 25, 2006 | 3.01 | 1.85 |
| Jun 26, 2005 | 3.28 | 2.01 |
Based on: 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).