Lam Research Corp (LRCX)

Current ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Total current assets	US$ in thousands	12,883,200	12,488,400	13,054,600	12,993,600	13,228,400	13,730,000	13,708,800	13,612,700	12,285,200	11,888,100	12,102,900	11,144,700	11,652,400	11,322,300	11,468,000	11,274,900	10,853,500	9,408,780	8,454,960	8,834,620
Total current liabilities	US$ in thousands	4,338,440	4,430,090	4,272,380	4,247,180	4,184,920	4,441,330	4,546,920	5,053,380	4,564,760	4,194,740	3,863,150	3,409,220	3,527,870	3,612,330	3,591,050	3,406,870	3,162,440	2,105,660	2,565,500	2,457,680
Current ratio		2.97	2.82	3.06	3.06	3.16	3.09	3.01	2.69	2.69	2.83	3.13	3.27	3.30	3.13	3.19	3.31	3.43	4.47	3.30	3.59

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $12,883,200K ÷ $4,338,440K
= 2.97

The current ratio of Lam Research Corp has exhibited fluctuations over the provided periods. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position.

The current ratio has generally remained above 2 in recent periods, reflecting an ability to comfortably meet short-term obligations. The ratio peaked at 4.47 in the first quarter of 2020, indicating a particularly strong short-term liquidity position at that time. However, the ratio has since fluctuated, with some slight decreases and increases seen over the subsequent quarters.

The current ratio trend shows that the company has been managing its short-term liquidity effectively, with some room for improvement seen in certain quarters. It's essential to continue monitoring the current ratio in conjunction with other financial metrics to assess the overall financial health of Lam Research Corp.