Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Lam Research Corp., debt to equity, long-term trends, calculation

Microsoft Excel

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 reflects changes in the capital structure of the company over a period of two decades, focusing on long-term debt, stockholders’ equity, and the debt to equity ratio.

Long-term Debt and Finance Lease Obligations
The long-term debt initially shows moderate variations, starting from 350,000 thousand USD in 2006, dipping to as low as 22,612 thousand USD in 2010, before a significant increase to over 7 million thousand USD in 2011. This substantial rise is followed by a peak near 4.8 million thousand USD in 2020, after which the debt level stabilizes somewhat, hovering around 5 million thousand USD through 2024. By 2025, a slight decrease is noted, indicating some deleveraging or repayment activity.
Stockholders’ Equity
Stockholders’ equity demonstrates an overall upward trajectory over the entire timeframe. Commencing at approximately 1.07 million thousand USD in 2005, the equity increases with notable surges, especially between 2007 and 2012 where it reached over 5 million thousand USD. Following a temporary decline around 2019, equity continues to rise, ending close to 9.9 million thousand USD in 2025. The steady increase suggests accumulation of retained earnings and possibly capital infusions.
Debt to Equity Ratio
The debt to equity ratio indicates relatively low leverage in the early years, generally below 0.3 until 2010. Starting in 2011, the ratio rises sharply, peaking above 1.1 in 2020, indicating that the company carried more debt than equity during this period. Subsequently, the ratio declines steadily to approximately 0.45 by 2025, signaling a reduction in leverage, potentially through equity growth and debt repayments.

Overall, the data show an initial phase of low leverage and moderate equity growth, followed by a period of increased indebtedness and equity expansion. The recent trend suggests prudent management shifts toward a more balanced capital structure, reducing reliance on debt relative to equity.


Comparison to Competitors

Lam Research Corp., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

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., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

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)