Lattice Semiconductor Corporation (LSCC)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	0	128,752	140,760	157,934	125,072
Total assets	US$ in thousands	840,894	798,713	726,494	680,067	612,016
Debt-to-assets ratio		0.00	0.16	0.19	0.23	0.20

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $840,894K
= 0.00

The debt-to-assets ratio of Lattice Semiconductor Corporation has shown a declining trend over the past five years, decreasing from 0.20 in 2019 to 0.00 in 2023. This indicates that the company has been relying less on debt to finance its assets. A lower debt-to-assets ratio is generally considered favorable as it signifies lower financial risk and indicates a stronger financial position. It suggests that the company has more assets relative to its debt obligations, which could be a positive sign for creditors and investors. However, it is important to note that a debt-to-assets ratio of 0.00 in 2023 may also suggest that the company has paid off all its debt or has significantly reduced its borrowings, which could impact its ability to leverage financial resources for potential growth opportunities. Overall, the decreasing trend in the debt-to-assets ratio of Lattice Semiconductor Corporation is a positive indicator of its improving financial health and prudent debt management.