Lam Research Corp (LRCX)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	8,539,450	8,022,100	8,222,480	8,047,330	8,210,170	8,407,390	8,304,640	7,412,570	6,278,370	6,026,490	6,475,780	5,820,040	6,027,190	5,371,620	5,503,030	5,419,180	5,172,490	4,537,610	4,379,430	4,936,390
Debt-to-equity ratio		0.52	0.00	0.00	0.00	0.60	0.00	0.00	0.00	0.79	0.00	0.00	0.00	0.82	0.92	0.90	0.92	0.96	1.11	0.86	0.76

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,466,040K ÷ $8,539,450K
= 0.52

The debt-to-equity ratio of Lam Research Corp has shown fluctuations over the past several quarters. In the most recent quarter ending June 30, 2024, the ratio stood at 0.52, indicating that the company had a moderate level of debt relative to its equity. Prior to this, in the quarter ending June 30, 2023, the ratio was slightly higher at 0.60, suggesting a similar moderate level of debt.

There are instances where the ratio was recorded as 0.00, indicating that there was either no debt or a negligible amount of debt compared to equity in those particular quarters. Notably, there were spikes in the ratio in the quarters ending December 31, 2021, and March 31, 2022, where the ratio reached 0.82 and 0.92 respectively, demonstrating increased debt levels relative to equity during those periods.

Overall, the trend in the debt-to-equity ratio for Lam Research Corp suggests that the company has been managing its debt levels effectively, with periods of higher and lower leverage ratios. It is important to assess the company's overall financial health and ability to meet its debt obligations in conjunction with other financial metrics and qualitative factors.