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.