Debt to Equity
since 2005
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Lam Research Corp. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Calculation
Lam Research Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt and finance lease obligations1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Jun 30, 2024 | = | ÷ | |||
| Jun 25, 2023 | = | ÷ | |||
| Jun 26, 2022 | = | ÷ | |||
| Jun 27, 2021 | = | ÷ | |||
| Jun 28, 2020 | = | ÷ | |||
| Jun 30, 2019 | = | ÷ | |||
| Jun 24, 2018 | = | ÷ | |||
| Jun 25, 2017 | = | ÷ | |||
| Jun 26, 2016 | = | ÷ | |||
| Jun 28, 2015 | = | ÷ | |||
| Jun 29, 2014 | = | ÷ | |||
| Jun 30, 2013 | = | ÷ | |||
| Jun 24, 2012 | = | ÷ | |||
| Jun 26, 2011 | = | ÷ | |||
| Jun 27, 2010 | = | ÷ | |||
| Jun 28, 2009 | = | ÷ | |||
| Jun 29, 2008 | = | ÷ | |||
| Jun 24, 2007 | = | ÷ | |||
| Jun 25, 2006 | = | ÷ | |||
| Jun 26, 2005 | = | ÷ |
Based on: 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 financial data reveals several key trends and patterns in the company's capital structure over the examined periods.
- Long-term Debt and Finance Lease Obligations
- There is a marked upward trend in long-term debt, especially from mid-2010 onwards. Initial values around 22,612 thousand US dollars in 2010 increase substantially to peak levels above 5,000,000 thousand US dollars in the period around 2020. Although there are fluctuations, the overall trajectory indicates a significant increase in leverage through long-term debt over time, with a slight plateau or modest decrease noted around the most recent years, stabilizing near 5,000,000 thousand US dollars.
- Stockholders’ Equity
- Stockholders’ equity shows a general positive trend with some volatility. Starting from approximately 1,066,896 thousand US dollars in 2005, equity increases substantially, with notable spikes in 2012 reaching over 5,000,000 thousand US dollars and continuing to grow to above 8,000,000 thousand US dollars by the end of the analyzed period. Although there is some decline in equity levels observed between 2018 and 2019, this appears to be temporary as growth resumes in subsequent years.
- Debt to Equity Ratio
- The debt to equity ratio exhibits considerable variability. Initially low ratios around 0.01 to 0.25 are observed in the early years, reflecting relatively low leverage. From approximately 2010 onward, the ratio increases sharply, peaking at about 1.12 around 2020, which aligns with the elevated long-term debt levels recorded during the same period. After this peak, the ratio declines, reaching values near 0.58 by the end of the period, indicating a reduction in leverage relative to equity.
Overall, the company shows evidence of increasing reliance on long-term debt financing in conjunction with substantial growth in equity. The leverage ratios indicate a phase of heightened indebtedness around 2020 followed by a period of deleveraging. Such fluctuations could reflect strategic financing decisions, capital-intensive investment phases, or changes in market conditions impacting capital structure. The sustained increase in equity suggests continued value creation or capital injections supporting the firm's financial base alongside its debt obligations.
Comparison to Competitors
Lam Research Corp., debt to equity, 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 30, 2024 | |||||||||||
| Jun 25, 2023 | |||||||||||
| Jun 26, 2022 | |||||||||||
| Jun 27, 2021 | |||||||||||
| Jun 28, 2020 | |||||||||||
| Jun 30, 2019 | |||||||||||
| Jun 24, 2018 | |||||||||||
| Jun 25, 2017 | |||||||||||
| Jun 26, 2016 | |||||||||||
| Jun 28, 2015 | |||||||||||
| Jun 29, 2014 | |||||||||||
| Jun 30, 2013 | |||||||||||
| Jun 24, 2012 | |||||||||||
| Jun 26, 2011 | |||||||||||
| Jun 27, 2010 | |||||||||||
| Jun 28, 2009 | |||||||||||
| Jun 29, 2008 | |||||||||||
| Jun 24, 2007 | |||||||||||
| Jun 25, 2006 | |||||||||||
| Jun 26, 2005 |
Based on: 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., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 30, 2024 | ||
| Jun 25, 2023 | ||
| Jun 26, 2022 | ||
| Jun 27, 2021 | ||
| Jun 28, 2020 | ||
| Jun 30, 2019 | ||
| Jun 24, 2018 | ||
| Jun 25, 2017 | ||
| Jun 26, 2016 | ||
| Jun 28, 2015 | ||
| Jun 29, 2014 | ||
| Jun 30, 2013 | ||
| Jun 24, 2012 | ||
| Jun 26, 2011 | ||
| Jun 27, 2010 | ||
| Jun 28, 2009 | ||
| Jun 29, 2008 | ||
| Jun 24, 2007 | ||
| Jun 25, 2006 | ||
| Jun 26, 2005 |
Based on: 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., debt to equity, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2024 | ||
| Jun 25, 2023 | ||
| Jun 26, 2022 | ||
| Jun 27, 2021 | ||
| Jun 28, 2020 | ||
| Jun 30, 2019 | ||
| Jun 24, 2018 | ||
| Jun 25, 2017 | ||
| Jun 26, 2016 | ||
| Jun 28, 2015 | ||
| Jun 29, 2014 | ||
| Jun 30, 2013 | ||
| Jun 24, 2012 | ||
| Jun 26, 2011 | ||
| Jun 27, 2010 | ||
| Jun 28, 2009 | ||
| Jun 29, 2008 | ||
| Jun 24, 2007 | ||
| Jun 25, 2006 | ||
| Jun 26, 2005 |
Based on: 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).