Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity Ratios (Summary)

Lam Research Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018 Jun 24, 2018 Mar 25, 2018 Dec 24, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 25, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014
Current ratio 3.31 3.43 4.47 3.30 3.59 3.61 3.37 3.39 2.66 2.90 2.64 2.47 3.31 3.10 3.22 3.20 3.86 3.81 2.96 3.00 2.86 2.38 3.49 2.88 2.93
Quick ratio 2.63 2.78 3.60 2.62 2.94 2.90 2.73 2.54 1.93 2.26 2.17 2.04 2.77 2.62 2.73 2.73 3.42 3.34 2.47 2.50 2.38 1.96 2.88 2.24 2.35
Cash ratio 1.95 2.12 2.56 1.83 2.27 2.29 2.19 1.68 1.28 1.57 1.64 1.46 2.22 2.05 2.13 2.19 2.90 2.82 1.94 2.01 1.90 1.55 2.28 1.69 1.81

Based on: 10-Q (filing date: 2020-10-27), 10-K (filing date: 2020-08-18), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-K (filing date: 2019-08-20), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-30), 10-Q (filing date: 2018-10-23), 10-K (filing date: 2018-08-14), 10-Q (filing date: 2018-04-24), 10-Q (filing date: 2018-01-30), 10-Q (filing date: 2017-10-23), 10-K (filing date: 2017-08-15), 10-Q (filing date: 2017-04-24), 10-Q (filing date: 2017-01-30), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-17), 10-Q (filing date: 2016-04-25), 10-Q (filing date: 2016-02-03), 10-Q (filing date: 2015-11-03), 10-K (filing date: 2015-08-13), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-02-03), 10-Q (filing date: 2014-11-03).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lam Research Corp.’s current ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lam Research Corp.’s quick ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lam Research Corp.’s cash ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Current Ratio

Lam Research Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018 Jun 24, 2018 Mar 25, 2018 Dec 24, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 25, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014
Selected Financial Data (US$ in thousands)
Current assets 11,274,883  10,853,535  9,408,785  8,454,965  8,834,615  8,560,409  9,442,241  7,355,845  7,515,873  9,149,911  10,425,797  9,666,122  9,228,780  9,142,498  8,875,948  8,503,874  9,599,002  9,214,911  6,941,565  6,670,197  6,515,981  6,270,849  6,060,967  4,914,812  4,690,976 
Current liabilities 3,406,868  3,162,442  2,105,661  2,565,501  2,457,682  2,371,650  2,805,628  2,166,837  2,824,965  3,150,308  3,948,420  3,911,695  2,788,631  2,950,115  2,756,739  2,658,018  2,486,252  2,419,802  2,342,186  2,222,980  2,281,941  2,631,361  1,734,996  1,708,656  1,599,625 
Liquidity Ratio
Current ratio1 3.31 3.43 4.47 3.30 3.59 3.61 3.37 3.39 2.66 2.90 2.64 2.47 3.31 3.10 3.22 3.20 3.86 3.81 2.96 3.00 2.86 2.38 3.49 2.88 2.93
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.10 2.21 1.95 2.10 2.08 2.08 1.78 1.76 1.66 1.62 1.76 1.70 1.73 1.82 1.88 1.92 1.59 1.68 1.65 1.70 1.75 1.93
Analog Devices Inc. 1.47 1.30 1.08 1.32 1.35 1.52 2.34 1.50 1.58 1.53 1.76 1.47 1.99 1.38 8.91 6.35 6.97 6.76 7.82 3.66 3.92 3.79 6.01
Apple Inc. 1.47 1.50 1.60 1.54 1.50 1.32 1.30 1.12 1.31 1.46 1.24 1.28 1.39 1.39 1.23 1.35 1.31 1.28 1.00 1.11 1.09 1.16 1.13
Applied Materials Inc. 2.86 2.67 2.36 2.30 2.65 2.79 2.72 2.64 2.52 2.60 2.96 3.14 2.91 2.93 2.39 2.30 2.50 2.58 3.00 2.44 2.33 2.76 2.75
Broadcom Inc. 2.04 2.15 1.56 1.44 1.32 1.26 1.27 3.90 3.98 5.87 5.70 6.26 4.48 4.13 3.46 2.31 2.22 2.52 4.61 3.37 3.33 4.50 4.85
Cisco Systems Inc. 1.72 1.59 1.81 1.70 1.51 1.69 1.80 2.11 2.29 2.34 2.43 2.87 3.03 3.52 3.67 3.58 3.16 3.27 3.29 3.35 3.23 2.98 3.39 3.31
Intel Corp. 1.66 1.97 1.74 1.40 1.20 1.48 1.54 1.73 1.51 1.57 1.58 1.69 1.60 2.16 1.69 1.75 1.80 1.67 1.56 2.58 2.40 1.97 1.76
Micron Technology Inc. 2.71 2.89 2.74 2.56 2.58 2.79 2.25 2.90 2.79 2.63 2.58 2.39 2.34 2.14 1.91 1.71 1.96 2.25 2.00 2.11 2.20 2.19 2.41 2.19
NVIDIA Corp. 10.29 7.67 8.42 8.65 8.98 7.94 7.08 7.41 8.54 8.03 8.26 7.82 8.26 4.77 4.07 2.56 2.44 2.57 6.82 5.99 6.60 6.38 5.72 6.19 5.87
Qualcomm Inc. 1.97 1.57 1.76 1.88 1.77 1.55 1.54 1.55 2.73 3.60 3.41 4.00 2.95 1.67 1.97 3.14 3.07 2.87 3.13 3.62 4.26 3.36 3.55
Texas Instruments Inc. 3.92 3.49 4.13 4.34 3.01 3.68 3.27 3.97 6.54 4.62 3.87 3.89 4.00 4.39 3.29 3.31 3.36 2.75 2.77 2.92 2.52 3.36

Based on: 10-Q (filing date: 2020-10-27), 10-K (filing date: 2020-08-18), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-K (filing date: 2019-08-20), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-30), 10-Q (filing date: 2018-10-23), 10-K (filing date: 2018-08-14), 10-Q (filing date: 2018-04-24), 10-Q (filing date: 2018-01-30), 10-Q (filing date: 2017-10-23), 10-K (filing date: 2017-08-15), 10-Q (filing date: 2017-04-24), 10-Q (filing date: 2017-01-30), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-17), 10-Q (filing date: 2016-04-25), 10-Q (filing date: 2016-02-03), 10-Q (filing date: 2015-11-03), 10-K (filing date: 2015-08-13), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-02-03), 10-Q (filing date: 2014-11-03).

1 Q1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,274,883 ÷ 3,406,868 = 3.31

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.’s current ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Quick Ratio

Lam Research Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018 Jun 24, 2018 Mar 25, 2018 Dec 24, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 25, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 4,129,067  4,915,172  3,961,586  3,035,887  4,607,182  3,658,219  4,931,611  3,359,793  2,568,085  4,512,257  4,698,995  1,745,173  2,406,462  2,377,534  2,128,570  2,503,960  5,861,701  5,039,322  2,232,021  1,967,873  1,744,325  1,501,539  1,635,636  981,275  1,293,678 
Investments 2,528,841  1,795,080  1,431,550  1,647,867  983,650  1,772,984  1,209,315  275,670  1,050,863  437,338  1,785,976  3,954,526  3,775,925  3,663,628  3,755,036  3,329,425  1,352,775  1,788,612  2,306,718  2,507,607  2,587,474  2,574,947  2,313,495  1,902,402  1,593,668 
Accounts receivable, less allowance 2,317,922  2,097,099  2,191,070  2,030,490  1,635,643  1,455,522  1,522,273  1,868,842  1,846,845  2,176,936  2,082,632  2,279,044  1,530,762  1,673,398  1,636,090  1,426,307  1,290,317  1,262,145  1,236,617  1,089,850  1,088,942  1,093,582  1,046,800  944,014  864,403 
Total quick assets 8,975,830  8,807,351  7,584,206  6,714,244  7,226,475  6,886,725  7,663,199  5,504,305  5,465,793  7,126,531  8,567,603  7,978,743  7,713,149  7,714,560  7,519,696  7,259,692  8,504,793  8,090,079  5,775,356  5,565,330  5,420,741  5,170,068  4,995,931  3,827,691  3,751,749 
 
Current liabilities 3,406,868  3,162,442  2,105,661  2,565,501  2,457,682  2,371,650  2,805,628  2,166,837  2,824,965  3,150,308  3,948,420  3,911,695  2,788,631  2,950,115  2,756,739  2,658,018  2,486,252  2,419,802  2,342,186  2,222,980  2,281,941  2,631,361  1,734,996  1,708,656  1,599,625 
Liquidity Ratio
Quick ratio1 2.63 2.78 3.60 2.62 2.94 2.90 2.73 2.54 1.93 2.26 2.17 2.04 2.77 2.62 2.73 2.73 3.42 3.34 2.47 2.50 2.38 1.96 2.88 2.24 2.35
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.46 1.55 1.43 1.40 1.36 1.38 1.21 1.21 1.12 1.05 1.07 1.04 1.01 1.05 1.17 1.29 1.03 0.92 0.94 0.97 1.08 1.30
Analog Devices Inc. 1.05 0.87 0.70 0.85 0.88 1.03 1.55 1.04 1.11 1.09 1.24 1.09 1.45 1.25 8.37 5.79 6.27 6.07 7.01 3.14 3.36 3.26 5.18
Apple Inc. 1.31 1.30 1.44 1.38 1.35 1.13 1.14 0.99 1.10 1.24 1.11 1.09 1.22 1.20 1.05 1.22 1.13 1.10 0.82 0.89 0.84 0.87 0.85
Applied Materials Inc. 1.76 1.75 1.45 1.38 1.57 1.63 1.63 1.62 1.59 1.75 2.19 2.34 2.17 2.23 1.71 1.66 1.73 1.74 2.06 1.77 1.57 1.86 1.85
Broadcom Inc. 1.72 1.88 1.30 1.21 1.09 1.04 1.05 3.26 3.27 5.15 4.84 5.40 3.55 3.18 2.58 1.71 1.52 1.47 3.75 2.54 2.27 3.60 3.89
Cisco Systems Inc. 1.58 1.46 1.64 1.54 1.39 1.56 1.67 1.97 2.11 2.22 2.33 2.76 2.92 3.40 3.56 3.46 3.05 3.01 3.03 3.09 2.97 2.73 3.08 3.03
Intel Corp. 1.15 1.48 1.22 0.93 0.75 0.92 1.00 1.11 0.95 0.96 1.06 1.13 1.13 1.67 1.04 1.07 1.13 1.18 1.10 1.92 1.65 1.31 1.15
Micron Technology Inc. 1.82 1.98 1.81 1.74 1.74 1.84 1.62 2.12 2.13 2.04 2.03 1.80 1.72 1.52 1.30 1.19 1.34 1.57 1.36 1.46 1.54 1.62 1.76 1.56
NVIDIA Corp. 9.60 7.04 7.61 7.62 7.64 6.66 6.10 6.57 7.70 7.26 7.29 6.87 7.31 4.26 3.68 2.29 2.22 2.36 6.16 5.36 5.94 5.69 5.14 5.59 5.28
Qualcomm Inc. 1.57 1.33 1.54 1.65 1.54 1.33 1.30 1.33 2.41 3.40 3.20 3.75 2.66 1.40 1.61 2.85 2.78 2.58 2.75 3.16 3.83 2.86 3.13
Texas Instruments Inc. 2.84 2.54 3.04 3.19 2.13 2.56 2.20 2.81 4.56 2.97 2.55 2.44 2.37 2.74 2.10 2.11 1.95 1.68 1.72 1.69 1.48 2.06

Based on: 10-Q (filing date: 2020-10-27), 10-K (filing date: 2020-08-18), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-K (filing date: 2019-08-20), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-30), 10-Q (filing date: 2018-10-23), 10-K (filing date: 2018-08-14), 10-Q (filing date: 2018-04-24), 10-Q (filing date: 2018-01-30), 10-Q (filing date: 2017-10-23), 10-K (filing date: 2017-08-15), 10-Q (filing date: 2017-04-24), 10-Q (filing date: 2017-01-30), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-17), 10-Q (filing date: 2016-04-25), 10-Q (filing date: 2016-02-03), 10-Q (filing date: 2015-11-03), 10-K (filing date: 2015-08-13), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-02-03), 10-Q (filing date: 2014-11-03).

1 Q1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 8,975,830 ÷ 3,406,868 = 2.63

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.’s quick ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Cash Ratio

Lam Research Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018 Jun 24, 2018 Mar 25, 2018 Dec 24, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 25, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 4,129,067  4,915,172  3,961,586  3,035,887  4,607,182  3,658,219  4,931,611  3,359,793  2,568,085  4,512,257  4,698,995  1,745,173  2,406,462  2,377,534  2,128,570  2,503,960  5,861,701  5,039,322  2,232,021  1,967,873  1,744,325  1,501,539  1,635,636  981,275  1,293,678 
Investments 2,528,841  1,795,080  1,431,550  1,647,867  983,650  1,772,984  1,209,315  275,670  1,050,863  437,338  1,785,976  3,954,526  3,775,925  3,663,628  3,755,036  3,329,425  1,352,775  1,788,612  2,306,718  2,507,607  2,587,474  2,574,947  2,313,495  1,902,402  1,593,668 
Total cash assets 6,657,908  6,710,252  5,393,136  4,683,754  5,590,832  5,431,203  6,140,926  3,635,463  3,618,948  4,949,595  6,484,971  5,699,699  6,182,387  6,041,162  5,883,606  5,833,385  7,214,476  6,827,934  4,538,739  4,475,480  4,331,799  4,076,486  3,949,131  2,883,677  2,887,346 
 
Current liabilities 3,406,868  3,162,442  2,105,661  2,565,501  2,457,682  2,371,650  2,805,628  2,166,837  2,824,965  3,150,308  3,948,420  3,911,695  2,788,631  2,950,115  2,756,739  2,658,018  2,486,252  2,419,802  2,342,186  2,222,980  2,281,941  2,631,361  1,734,996  1,708,656  1,599,625 
Liquidity Ratio
Cash ratio1 1.95 2.12 2.56 1.83 2.27 2.29 2.19 1.68 1.28 1.57 1.64 1.46 2.22 2.05 2.13 2.19 2.90 2.82 1.94 2.01 1.90 1.55 2.28 1.69 1.81
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.73 0.70 0.64 0.65 0.63 0.68 0.58 0.56 0.53 0.62 0.80 0.55 0.58 0.69 0.94 0.85 0.61 0.54 0.56 0.52 0.59 0.70
Analog Devices Inc. 0.65 0.50 0.37 0.43 0.41 0.52 0.71 0.58 0.58 0.56 0.67 0.66 0.83 1.14 7.78 5.18 5.60 5.48 6.38 2.72 2.93 2.88 4.54
Apple Inc. 0.98 0.98 1.05 0.95 1.05 0.85 0.80 0.57 0.80 0.98 0.67 0.74 0.94 0.91 0.72 0.85 0.86 0.81 0.50 0.52 0.53 0.56 0.44
Applied Materials Inc. 1.11 1.20 0.87 0.81 0.94 1.00 0.98 0.99 0.92 1.17 1.69 1.77 1.65 1.65 1.09 1.03 1.10 1.01 1.35 1.31 0.91 1.20 1.22
Broadcom Inc. 1.32 1.39 0.83 0.73 0.66 0.63 0.61 1.84 1.89 3.85 3.59 4.43 2.46 2.17 1.67 1.01 0.72 0.77 2.52 1.63 1.42 2.77 3.04
Cisco Systems Inc. 1.16 1.10 1.23 1.14 1.05 1.24 1.37 1.61 1.72 1.90 2.08 2.44 2.56 2.99 3.16 3.06 2.64 2.65 2.65 2.67 2.56 2.34 2.65 2.60
Intel Corp. 0.83 1.15 0.87 0.59 0.48 0.61 0.64 0.70 0.67 0.70 0.81 0.80 0.85 1.38 0.81 0.84 0.88 0.95 0.86 1.62 1.38 1.03 0.94
Micron Technology Inc. 1.23 1.40 1.28 1.20 1.24 1.24 1.02 1.07 1.18 1.20 1.31 1.11 1.02 0.84 0.75 0.75 0.91 1.11 0.91 0.90 0.90 1.06 1.09 0.96
NVIDIA Corp. 8.59 6.11 6.62 6.44 6.60 5.58 4.72 5.43 6.60 6.16 6.15 5.69 6.31 3.80 3.27 2.03 2.00 2.14 5.53 4.81 5.43 5.16 4.54 5.05 4.84
Qualcomm Inc. 1.34 1.02 1.24 1.37 1.32 0.98 0.98 1.08 2.22 3.13 2.94 3.42 2.28 0.98 1.35 2.55 2.50 2.33 2.54 2.84 3.51 2.52 2.78
Texas Instruments Inc. 2.29 1.99 2.54 2.52 1.59 1.89 1.71 2.15 3.50 2.19 1.98 1.68 1.59 1.90 1.54 1.45 1.28 1.16 1.26 1.09 1.04 1.45

Based on: 10-Q (filing date: 2020-10-27), 10-K (filing date: 2020-08-18), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-K (filing date: 2019-08-20), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-30), 10-Q (filing date: 2018-10-23), 10-K (filing date: 2018-08-14), 10-Q (filing date: 2018-04-24), 10-Q (filing date: 2018-01-30), 10-Q (filing date: 2017-10-23), 10-K (filing date: 2017-08-15), 10-Q (filing date: 2017-04-24), 10-Q (filing date: 2017-01-30), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-17), 10-Q (filing date: 2016-04-25), 10-Q (filing date: 2016-02-03), 10-Q (filing date: 2015-11-03), 10-K (filing date: 2015-08-13), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-02-03), 10-Q (filing date: 2014-11-03).

1 Q1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,657,908 ÷ 3,406,868 = 1.95

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.’s cash ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.