Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Lam Research Corp., liquidity ratios

Microsoft Excel
Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017
Current ratio 2.69 3.30 3.43 3.61 2.90 3.10
Quick ratio 1.75 2.48 2.78 2.90 2.26 2.62
Cash ratio 0.80 1.62 2.12 2.29 1.57 2.05

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lam Research Corp. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lam Research Corp. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lam Research Corp. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Current Ratio

Lam Research Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017
Selected Financial Data (US$ in thousands)
Current assets 12,285,235  11,652,387  10,853,535  8,560,409  9,149,911  9,142,498 
Current liabilities 4,564,759  3,527,867  3,162,442  2,371,650  3,150,308  2,950,115 
Liquidity Ratio
Current ratio1 2.69 3.30 3.43 3.61 2.90 3.10
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.02 2.54 1.95 1.78 1.76
Analog Devices Inc. 1.94 1.84 1.32 1.50 1.47
Applied Materials Inc. 2.54 3.00 2.30 2.64 3.14
Broadcom Inc. 2.64 1.87 1.44 3.90 6.26
First Solar Inc. 4.39 3.56 2.73 4.57 5.89
Intel Corp. 2.10 1.91 1.40 1.73 1.69
KLA Corp. 2.50 2.71 2.78 2.44 3.73 3.40
Micron Technology Inc. 3.10 2.71 2.58 2.79 2.34
NVIDIA Corp. 6.65 4.09 7.67 7.94 8.03 4.77
ON Semiconductor Corp. 2.45 1.90 1.66 2.16 2.08
Qualcomm Inc. 1.68 2.14 1.88 1.55 4.00
Texas Instruments Inc. 5.33 4.28 4.13 3.27 3.87
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.48 2.47 2.05 2.34 2.92
Current Ratio, Industry
Information Technology 1.61 1.80 1.73 1.82 2.00

Based on: 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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,285,235 ÷ 4,564,759 = 2.69

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lam Research Corp. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Quick Ratio

Lam Research Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 3,522,001  4,418,263  4,915,172  3,658,219  4,512,257  2,377,534 
Investments 135,731  1,310,872  1,795,080  1,772,984  437,338  3,663,628 
Accounts receivable, less allowance 4,313,818  3,026,430  2,097,099  1,455,522  2,176,936  1,673,398 
Total quick assets 7,971,550  8,755,565  8,807,351  6,886,725  7,126,531  7,714,560 
 
Current liabilities 4,564,759  3,527,867  3,162,442  2,371,650  3,150,308  2,950,115 
Liquidity Ratio
Quick ratio1 1.75 2.48 2.78 2.90 2.26 2.62
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.49 1.81 1.43 1.23 1.09
Analog Devices Inc. 1.24 1.31 0.85 1.04 1.09
Applied Materials Inc. 1.64 1.95 1.38 1.62 2.34
Broadcom Inc. 2.27 1.56 1.21 3.26 5.40
First Solar Inc. 3.14 2.41 2.14 3.71 5.22
Intel Corp. 1.38 1.24 0.93 1.11 1.13
KLA Corp. 1.57 1.81 1.82 1.54 2.90 2.77
Micron Technology Inc. 2.17 1.82 1.74 2.13 1.72
NVIDIA Corp. 5.96 3.56 7.04 6.66 7.26 4.26
ON Semiconductor Corp. 1.40 1.05 0.88 1.19 1.17
Qualcomm Inc. 1.34 1.75 1.65 1.33 3.75
Texas Instruments Inc. 4.45 3.34 3.04 2.20 2.55
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.81 1.80 1.50 1.73 2.35
Quick Ratio, Industry
Information Technology 1.37 1.57 1.52 1.62 1.80

Based on: 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).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,971,550 ÷ 4,564,759 = 1.75

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lam Research Corp. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Cash Ratio

Lam Research Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 3,522,001  4,418,263  4,915,172  3,658,219  4,512,257  2,377,534 
Investments 135,731  1,310,872  1,795,080  1,772,984  437,338  3,663,628 
Total cash assets 3,657,732  5,729,135  6,710,252  5,431,203  4,949,595  6,041,162 
 
Current liabilities 4,564,759  3,527,867  3,162,442  2,371,650  3,150,308  2,950,115 
Liquidity Ratio
Cash ratio1 0.80 1.62 2.12 2.29 1.57 2.05
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.85 0.95 0.64 0.58 0.80
Analog Devices Inc. 0.71 0.77 0.43 0.58 0.66
Applied Materials Inc. 0.86 1.29 0.81 0.99 1.77
Broadcom Inc. 1.94 1.20 0.73 1.84 4.43
First Solar Inc. 2.51 2.06 1.64 3.01 4.60
Intel Corp. 1.03 0.97 0.59 0.70 0.80
KLA Corp. 0.94 1.19 1.17 0.98 2.36 2.33
Micron Technology Inc. 1.34 1.23 1.24 1.18 1.02
NVIDIA Corp. 4.89 2.95 6.11 5.58 6.16 3.80
ON Semiconductor Corp. 0.88 0.65 0.49 0.73 0.67
Qualcomm Inc. 1.04 1.29 1.37 1.08 3.42
Texas Instruments Inc. 3.79 2.75 2.54 1.71 1.98
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.32 1.34 1.06 1.18 1.89
Cash Ratio, Industry
Information Technology 0.98 1.20 1.11 1.17 1.39

Based on: 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).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,657,732 ÷ 4,564,759 = 0.80

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lam Research Corp. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.