Lattice Semiconductor Corporation (LSCC)

Debt-to-capital ratio

		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	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	0	0	43,885	103,819	128,752	148,685	132,159	136,461	140,760	145,057	149,352	153,644	157,934	162,215	166,501	170,791	125,072	139,230	172,287	225,662
Total stockholders’ equity	US$ in thousands	692,020	626,170	574,761	514,974	487,163	441,731	435,921	421,555	411,633	392,900	397,315	391,585	384,427	376,893	364,130	342,959	327,659	309,645	295,177	281,155
Debt-to-capital ratio		0.00	0.00	0.07	0.17	0.21	0.25	0.23	0.24	0.25	0.27	0.27	0.28	0.29	0.30	0.31	0.33	0.28	0.31	0.37	0.45

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $692,020K)
= 0.00

The debt-to-capital ratio of Lattice Semiconductor Corporation has shown a fluctuating trend over the past few quarters. The ratio was relatively stable at around 0.25 to 0.27 from December 2021 to September 2022. However, there was an increase in the ratio to 0.33 as of March 2020, followed by a decrease to 0.28 by December 2020.

Subsequently, the ratio started increasing consistently, reaching 0.45 by March 2019. However, there was a decline in the ratio in the following quarters, dropping to 0.17 by March 2023, indicating a decrease in the proportion of debt relative to the company's total capital.

The debt-to-capital ratio being at 0.07 in June 2023 and then further at 0.00 in the most recent quarters of September and December 2023 suggests that the company either significantly reduced its debt or increased its capital base during this period. It is essential to further analyze the company's financial statements and debt management strategies to understand the factors driving this significant reduction in the debt-to-capital ratio.