Lam Research Corp (LRCX)

Debt-to-assets 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
Long-term debt	US$ in thousands	4,466,040	—	—	—	4,964,940	—	—	—	4,962,460	—	—	—	4,960,940	4,960,480	4,960,100	4,959,730	4,959,370	5,032,780	3,774,350	3,775,960
Total assets	US$ in thousands	18,744,700	18,279,600	18,783,900	18,538,500	18,781,600	19,243,400	19,206,400	18,721,300	17,195,600	16,589,000	16,685,400	15,565,600	15,892,200	15,284,900	15,370,400	15,057,000	14,559,000	12,938,600	11,914,100	12,343,500
Debt-to-assets ratio		0.24	0.00	0.00	0.00	0.26	0.00	0.00	0.00	0.29	0.00	0.00	0.00	0.31	0.32	0.32	0.33	0.34	0.39	0.32	0.31

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,466,040K ÷ $18,744,700K
= 0.24

The debt-to-assets ratio of Lam Research Corp has shown fluctuations over the past few quarters. As of Jun 30, 2024, the ratio stands at 0.24, indicating that 24% of the company's assets are financed through debt. This represents a decrease from the previous quarter's ratio of 0.26.

Notably, the company had periods with no debt recorded on its balance sheet, such as Mar 31, 2024, Dec 31, 2023, Sep 30, 2023, Mar 31, 2023, Sep 30, 2022, Mar 31, 2022, and Dec 31, 2021.

The highest debt-to-assets ratio observed in recent quarters was 0.39 as of Sep 30, 2019. This suggests that the company relied more on debt financing compared to the current period. Overall, the fluctuating trend in the debt-to-assets ratio indicates variations in the company's leverage and financial stability over time.