Lam Research Corp (LRCX)

Financial leverage ratio

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Total assets	US$ in thousands	21,345,300	19,968,300	19,839,900	19,532,500	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
Total stockholders’ equity	US$ in thousands	9,861,620	9,511,100	8,808,030	8,471,890	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	5,374,830	5,508,550	5,425,490
Financial leverage ratio		2.16	2.10	2.25	2.31	2.20	2.28	2.28	2.30	2.29	2.29	2.31	2.53	2.74	2.75	2.58	2.67	2.64	2.84	2.79	2.78

June 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $21,345,300K ÷ $9,861,620K
= 2.16

The financial leverage ratio of Lam Research Corp demonstrates relative stability over the analyzed period from September 2020 to June 2025. Initially, the ratio fluctuated slightly, starting at 2.78 in September 2020 and marginally increasing to a peak of 2.84 in March 2021. Subsequently, the leverage ratio exhibits a gradual decline, reaching approximately 2.29 by March 2023, with minor fluctuations thereafter.

Notably, the ratio experienced a slight decrease to 2.20 in June 2024 before rising modestly again to 2.31 in September 2024. The most recent data indicates a ratio of 2.10 as of March 2025, illustrating an overall downward trend over the longer term. Throughout the period, the leverage ratio largely remained within the range of approximately 2.10 to 2.84, indicating a consistent but modest level of financial leverage.

This trend suggests that Lam Research maintained a relatively stable capital structure, with controlled debt levels relative to equity. The gradual decline in the leverage ratio may point to a strategy of reducing reliance on debt, possibly to strengthen financial stability or enhance flexibility. Overall, the company's leverage profile indicates prudent financial management aimed at balancing debt and equity without significant shifts in risk exposure.