Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Lam Research Corp., solvency ratios
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).
Debt Ratios
Coverage Ratios
Debt to Equity
Lam Research Corp., debt to equity calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 754,311) | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | |
| Long-term debt and finance lease obligations, less current portion | 3,730,194) | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | |
| Total debt | 4,484,505) | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | |
| Stockholders’ equity | 9,861,619) | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.45 | 0.58 | 0.61 | 0.80 | 0.83 | 1.12 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.03 | 0.04 | 0.05 | 0.04 | 0.06 | |
| Analog Devices Inc. | — | 0.22 | 0.20 | 0.18 | 0.18 | 0.43 | |
| Applied Materials Inc. | — | 0.33 | 0.35 | 0.45 | 0.45 | 0.52 | |
| Broadcom Inc. | — | 1.00 | 1.64 | 1.74 | 1.59 | 1.72 | |
| Intel Corp. | — | 0.50 | 0.47 | 0.41 | 0.40 | 0.45 | |
| KLA Corp. | 1.25 | 1.97 | 2.02 | 4.75 | 1.02 | 1.30 | |
| Micron Technology Inc. | — | 0.30 | 0.30 | 0.14 | 0.15 | 0.17 | |
| NVIDIA Corp. | 0.11 | 0.23 | 0.50 | 0.41 | 0.41 | 0.16 | |
| Qualcomm Inc. | — | 0.56 | 0.71 | 0.86 | 1.58 | 2.59 | |
| Texas Instruments Inc. | — | 0.80 | 0.66 | 0.60 | 0.58 | 0.74 | |
| Debt to Equity, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.46 | 0.47 | 0.43 | 0.50 | 0.62 | |
| Debt to Equity, Industry | |||||||
| Information Technology | — | 0.61 | 0.66 | 0.71 | 0.83 | 0.97 | |
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).
1 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 4,484,505 ÷ 9,861,619 = 0.45
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Lam Research Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 754,311) | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | |
| Long-term debt and finance lease obligations, less current portion | 3,730,194) | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | |
| Total debt | 4,484,505) | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | |
| Current operating lease liabilities (included in Accrued expenses and other current liabilities) | 78,707) | 64,443) | 64,682) | 54,110) | 45,310) | 49,480) | |
| Long-term operating lease liabilities (included in Other long-term liabilities) | 193,343) | 223,273) | 172,886) | 164,613) | 118,385) | 123,889) | |
| Total debt (including operating lease liability) | 4,756,555) | 5,271,050) | 5,249,109) | 5,224,553) | 5,165,377) | 5,984,094) | |
| Stockholders’ equity | 9,861,619) | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.48 | 0.62 | 0.64 | 0.83 | 0.86 | 1.16 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.06 | 0.05 | 0.10 | 0.10 | |
| Analog Devices Inc. | — | 0.23 | 0.21 | 0.19 | 0.19 | 0.46 | |
| Applied Materials Inc. | — | 0.35 | 0.37 | 0.48 | 0.47 | 0.54 | |
| Broadcom Inc. | — | 1.02 | 1.65 | 1.76 | 1.61 | 1.75 | |
| Intel Corp. | — | 0.51 | 0.47 | 0.42 | 0.40 | 0.46 | |
| KLA Corp. | 1.30 | 2.02 | 2.08 | 4.83 | 1.05 | 1.34 | |
| Micron Technology Inc. | — | 0.31 | 0.32 | 0.15 | 0.17 | 0.19 | |
| NVIDIA Corp. | 0.13 | 0.26 | 0.54 | 0.44 | 0.46 | 0.22 | |
| Qualcomm Inc. | — | 0.59 | 0.74 | 0.90 | 1.64 | 2.67 | |
| Texas Instruments Inc. | — | 0.85 | 0.70 | 0.63 | 0.62 | 0.77 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.48 | 0.48 | 0.45 | 0.52 | 0.64 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.67 | 0.72 | 0.77 | 0.91 | 1.04 | |
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).
1 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 4,756,555 ÷ 9,861,619 = 0.48
2 Click competitor name to see calculations.
Debt to Capital
Lam Research Corp., debt to capital calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 754,311) | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | |
| Long-term debt and finance lease obligations, less current portion | 3,730,194) | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | |
| Total debt | 4,484,505) | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | |
| Stockholders’ equity | 9,861,619) | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | |
| Total capital | 14,346,124) | 13,522,788) | 13,221,713) | 11,284,196) | 11,028,870) | 10,983,219) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.31 | 0.37 | 0.38 | 0.44 | 0.45 | 0.53 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | |
| Analog Devices Inc. | — | 0.18 | 0.16 | 0.15 | 0.15 | 0.30 | |
| Applied Materials Inc. | — | 0.25 | 0.26 | 0.31 | 0.31 | 0.34 | |
| Broadcom Inc. | — | 0.50 | 0.62 | 0.64 | 0.61 | 0.63 | |
| Intel Corp. | — | 0.34 | 0.32 | 0.29 | 0.29 | 0.31 | |
| KLA Corp. | 0.56 | 0.66 | 0.67 | 0.83 | 0.50 | 0.57 | |
| Micron Technology Inc. | — | 0.23 | 0.23 | 0.12 | 0.13 | 0.15 | |
| NVIDIA Corp. | 0.10 | 0.18 | 0.33 | 0.29 | 0.29 | 0.14 | |
| Qualcomm Inc. | — | 0.36 | 0.42 | 0.46 | 0.61 | 0.72 | |
| Texas Instruments Inc. | — | 0.45 | 0.40 | 0.37 | 0.37 | 0.43 | |
| Debt to Capital, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.32 | 0.32 | 0.30 | 0.33 | 0.38 | |
| Debt to Capital, Industry | |||||||
| Information Technology | — | 0.38 | 0.40 | 0.41 | 0.45 | 0.49 | |
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).
1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,484,505 ÷ 14,346,124 = 0.31
2 Click competitor name to see calculations.
Debt to Capital (including Operating Lease Liability)
Lam Research Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 754,311) | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | |
| Long-term debt and finance lease obligations, less current portion | 3,730,194) | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | |
| Total debt | 4,484,505) | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | |
| Current operating lease liabilities (included in Accrued expenses and other current liabilities) | 78,707) | 64,443) | 64,682) | 54,110) | 45,310) | 49,480) | |
| Long-term operating lease liabilities (included in Other long-term liabilities) | 193,343) | 223,273) | 172,886) | 164,613) | 118,385) | 123,889) | |
| Total debt (including operating lease liability) | 4,756,555) | 5,271,050) | 5,249,109) | 5,224,553) | 5,165,377) | 5,984,094) | |
| Stockholders’ equity | 9,861,619) | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | |
| Total capital (including operating lease liability) | 14,618,174) | 13,810,504) | 13,459,281) | 11,502,919) | 11,192,565) | 11,156,588) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.33 | 0.38 | 0.39 | 0.45 | 0.46 | 0.54 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.05 | 0.05 | 0.09 | 0.09 | |
| Analog Devices Inc. | — | 0.18 | 0.17 | 0.16 | 0.16 | 0.31 | |
| Applied Materials Inc. | — | 0.26 | 0.27 | 0.32 | 0.32 | 0.35 | |
| Broadcom Inc. | — | 0.50 | 0.62 | 0.64 | 0.62 | 0.64 | |
| Intel Corp. | — | 0.34 | 0.32 | 0.30 | 0.29 | 0.31 | |
| KLA Corp. | 0.56 | 0.67 | 0.67 | 0.83 | 0.51 | 0.57 | |
| Micron Technology Inc. | — | 0.24 | 0.24 | 0.13 | 0.14 | 0.16 | |
| NVIDIA Corp. | 0.11 | 0.20 | 0.35 | 0.31 | 0.31 | 0.18 | |
| Qualcomm Inc. | — | 0.37 | 0.43 | 0.47 | 0.62 | 0.73 | |
| Texas Instruments Inc. | — | 0.46 | 0.41 | 0.39 | 0.38 | 0.44 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.33 | 0.33 | 0.31 | 0.34 | 0.39 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.40 | 0.42 | 0.44 | 0.48 | 0.51 | |
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).
1 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 4,756,555 ÷ 14,618,174 = 0.33
2 Click competitor name to see calculations.
Debt to Assets
Lam Research Corp., debt to assets calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 754,311) | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | |
| Long-term debt and finance lease obligations, less current portion | 3,730,194) | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | |
| Total debt | 4,484,505) | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | |
| Total assets | 21,345,260) | 18,744,728) | 18,781,643) | 17,195,632) | 15,892,152) | 14,559,047) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.21 | 0.27 | 0.27 | 0.29 | 0.31 | 0.40 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.02 | 0.04 | 0.04 | 0.03 | 0.04 | |
| Analog Devices Inc. | — | 0.16 | 0.14 | 0.13 | 0.13 | 0.24 | |
| Applied Materials Inc. | — | 0.18 | 0.18 | 0.20 | 0.21 | 0.24 | |
| Broadcom Inc. | — | 0.41 | 0.54 | 0.54 | 0.53 | 0.54 | |
| Intel Corp. | — | 0.25 | 0.26 | 0.23 | 0.23 | 0.24 | |
| KLA Corp. | 0.37 | 0.43 | 0.42 | 0.53 | 0.34 | 0.37 | |
| Micron Technology Inc. | — | 0.19 | 0.21 | 0.10 | 0.12 | 0.12 | |
| NVIDIA Corp. | 0.08 | 0.15 | 0.27 | 0.25 | 0.24 | 0.11 | |
| Qualcomm Inc. | — | 0.27 | 0.30 | 0.32 | 0.38 | 0.44 | |
| Texas Instruments Inc. | — | 0.38 | 0.35 | 0.32 | 0.31 | 0.35 | |
| Debt to Assets, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.25 | 0.26 | 0.24 | 0.26 | 0.30 | |
| Debt to Assets, Industry | |||||||
| Information Technology | — | 0.25 | 0.26 | 0.26 | 0.29 | 0.31 | |
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).
1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,484,505 ÷ 21,345,260 = 0.21
2 Click competitor name to see calculations.
Debt to Assets (including Operating Lease Liability)
Lam Research Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 754,311) | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | |
| Long-term debt and finance lease obligations, less current portion | 3,730,194) | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | |
| Total debt | 4,484,505) | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | |
| Current operating lease liabilities (included in Accrued expenses and other current liabilities) | 78,707) | 64,443) | 64,682) | 54,110) | 45,310) | 49,480) | |
| Long-term operating lease liabilities (included in Other long-term liabilities) | 193,343) | 223,273) | 172,886) | 164,613) | 118,385) | 123,889) | |
| Total debt (including operating lease liability) | 4,756,555) | 5,271,050) | 5,249,109) | 5,224,553) | 5,165,377) | 5,984,094) | |
| Total assets | 21,345,260) | 18,744,728) | 18,781,643) | 17,195,632) | 15,892,152) | 14,559,047) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.22 | 0.28 | 0.28 | 0.30 | 0.33 | 0.41 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.03 | 0.05 | 0.04 | 0.06 | 0.06 | |
| Analog Devices Inc. | — | 0.17 | 0.15 | 0.14 | 0.14 | 0.25 | |
| Applied Materials Inc. | — | 0.19 | 0.20 | 0.22 | 0.22 | 0.26 | |
| Broadcom Inc. | — | 0.42 | 0.54 | 0.55 | 0.53 | 0.55 | |
| Intel Corp. | — | 0.26 | 0.26 | 0.23 | 0.23 | 0.24 | |
| KLA Corp. | 0.38 | 0.44 | 0.43 | 0.54 | 0.35 | 0.38 | |
| Micron Technology Inc. | — | 0.20 | 0.22 | 0.11 | 0.12 | 0.13 | |
| NVIDIA Corp. | 0.09 | 0.17 | 0.29 | 0.27 | 0.27 | 0.15 | |
| Qualcomm Inc. | — | 0.28 | 0.31 | 0.33 | 0.40 | 0.46 | |
| Texas Instruments Inc. | — | 0.40 | 0.36 | 0.34 | 0.33 | 0.37 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.26 | 0.27 | 0.25 | 0.27 | 0.31 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.27 | 0.28 | 0.29 | 0.31 | 0.33 | |
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).
1 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 4,756,555 ÷ 21,345,260 = 0.22
2 Click competitor name to see calculations.
Financial Leverage
Lam Research Corp., financial leverage calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 21,345,260) | 18,744,728) | 18,781,643) | 17,195,632) | 15,892,152) | 14,559,047) | |
| Stockholders’ equity | 9,861,619) | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 2.16 | 2.20 | 2.29 | 2.74 | 2.64 | 2.81 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 1.20 | 1.21 | 1.23 | 1.66 | 1.54 | |
| Analog Devices Inc. | — | 1.37 | 1.37 | 1.38 | 1.38 | 1.79 | |
| Applied Materials Inc. | — | 1.81 | 1.88 | 2.19 | 2.11 | 2.11 | |
| Broadcom Inc. | — | 2.45 | 3.04 | 3.23 | 3.03 | 3.18 | |
| Intel Corp. | — | 1.98 | 1.81 | 1.80 | 1.77 | 1.89 | |
| KLA Corp. | 3.42 | 4.58 | 4.82 | 8.99 | 3.04 | 3.48 | |
| Micron Technology Inc. | — | 1.54 | 1.46 | 1.33 | 1.34 | 1.38 | |
| NVIDIA Corp. | 1.41 | 1.53 | 1.86 | 1.66 | 1.70 | 1.42 | |
| Qualcomm Inc. | — | 2.10 | 2.37 | 2.72 | 4.14 | 5.86 | |
| Texas Instruments Inc. | — | 2.10 | 1.91 | 1.87 | 1.85 | 2.11 | |
| Financial Leverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.83 | 1.79 | 1.79 | 1.89 | 2.08 | |
| Financial Leverage, Industry | |||||||
| Information Technology | — | 2.46 | 2.55 | 2.69 | 2.89 | 3.12 | |
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).
1 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 21,345,260 ÷ 9,861,619 = 2.16
2 Click competitor name to see calculations.
Interest Coverage
Lam Research Corp., interest coverage calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 5,358,217) | 3,827,772) | 4,510,931) | 4,605,286) | 3,908,458) | 2,251,753) | |
| Add: Income tax expense | 599,912) | 532,450) | 598,279) | 587,828) | 462,346) | 323,225) | |
| Add: Interest expense | 178,203) | 185,236) | 186,462) | 184,759) | 208,597) | 177,440) | |
| Earnings before interest and tax (EBIT) | 6,136,332) | 4,545,458) | 5,295,672) | 5,377,873) | 4,579,401) | 2,752,418) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 34.43 | 24.54 | 28.40 | 29.11 | 21.95 | 15.51 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 22.98 | 5.79 | 14.61 | 109.09 | 28.23 | |
| Analog Devices Inc. | — | 6.52 | 14.63 | 16.46 | 8.19 | 7.79 | |
| Applied Materials Inc. | — | 34.00 | 33.42 | 34.33 | 29.69 | 18.36 | |
| Broadcom Inc. | — | 3.51 | 10.31 | 8.16 | 4.59 | 2.37 | |
| Intel Corp. | — | -9.84 | 1.87 | 16.66 | 37.35 | 40.87 | |
| KLA Corp. | 16.37 | 11.25 | 13.76 | 22.76 | 16.00 | 9.22 | |
| Micron Technology Inc. | — | 3.19 | -13.58 | 51.66 | 35.18 | 16.41 | |
| NVIDIA Corp. | 341.19 | 132.59 | 16.96 | 43.12 | 24.96 | 58.12 | |
| Qualcomm Inc. | — | 15.83 | 11.72 | 31.61 | 19.38 | 10.50 | |
| Texas Instruments Inc. | — | 11.73 | 22.01 | 47.88 | 49.47 | 32.67 | |
| Interest Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 9.45 | 10.45 | 21.20 | 18.41 | 14.11 | |
| Interest Coverage, Industry | |||||||
| Information Technology | — | 19.56 | 17.69 | 22.63 | 19.89 | 14.12 | |
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).
1 2025 Calculation
Interest coverage = EBIT ÷ Interest expense
= 6,136,332 ÷ 178,203 = 34.43
2 Click competitor name to see calculations.
Fixed Charge Coverage
Lam Research Corp., fixed charge coverage calculation, comparison to benchmarks
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 5,358,217) | 3,827,772) | 4,510,931) | 4,605,286) | 3,908,458) | 2,251,753) | |
| Add: Income tax expense | 599,912) | 532,450) | 598,279) | 587,828) | 462,346) | 323,225) | |
| Add: Interest expense | 178,203) | 185,236) | 186,462) | 184,759) | 208,597) | 177,440) | |
| Earnings before interest and tax (EBIT) | 6,136,332) | 4,545,458) | 5,295,672) | 5,377,873) | 4,579,401) | 2,752,418) | |
| Add: Operating lease cost | —) | 83,476) | 75,660) | 69,250) | 51,519) | 46,101) | |
| Earnings before fixed charges and tax | 6,136,332) | 4,628,934) | 5,371,332) | 5,447,123) | 4,630,920) | 2,798,519) | |
| Interest expense | 178,203) | 185,236) | 186,462) | 184,759) | 208,597) | 177,440) | |
| Operating lease cost | —) | 83,476) | 75,660) | 69,250) | 51,519) | 46,101) | |
| Fixed charges | 178,203) | 268,712) | 262,122) | 254,009) | 260,116) | 223,541) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 34.43 | 17.23 | 20.49 | 21.44 | 17.80 | 12.52 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 9.46 | 3.18 | 6.82 | 36.00 | 13.08 | |
| Analog Devices Inc. | — | 5.55 | 11.89 | 12.87 | 6.64 | 6.48 | |
| Applied Materials Inc. | — | 34.00 | 23.69 | 24.67 | 22.50 | 14.48 | |
| Broadcom Inc. | — | 3.40 | 9.81 | 6.55 | 3.70 | 1.92 | |
| Intel Corp. | — | -7.74 | 1.59 | 7.34 | 16.56 | 25.00 | |
| KLA Corp. | 14.13 | 9.72 | 12.19 | 18.72 | 13.03 | 7.74 | |
| Micron Technology Inc. | — | 2.75 | -9.77 | 31.49 | 22.49 | 11.10 | |
| NVIDIA Corp. | 140.35 | 65.29 | 10.19 | 25.61 | 14.40 | 18.89 | |
| Qualcomm Inc. | — | 12.73 | 9.29 | 22.52 | 14.48 | 8.30 | |
| Texas Instruments Inc. | — | 10.20 | 18.41 | 36.70 | 36.25 | 24.14 | |
| Fixed Charge Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 8.17 | 8.34 | 14.41 | 12.75 | 10.43 | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | — | 12.42 | 11.32 | 13.42 | 12.19 | 9.02 | |
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).
1 2025 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 6,136,332 ÷ 178,203 = 34.43
2 Click competitor name to see calculations.