Lattice Semiconductor Corporation (LSCC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 692,020 | 487,163 | 411,633 | 384,427 | 327,659 |
Debt-to-equity ratio | 0.00 | 0.26 | 0.34 | 0.41 | 0.38 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $692,020K
= 0.00
The debt-to-equity ratio of Lattice Semiconductor Corporation has shown a decreasing trend over the past five years, indicating a lower reliance on debt financing relative to equity. As of December 31, 2023, the company has a debt-to-equity ratio of 0.00, suggesting that the company's total debt is either minimal or non-existent compared to its equity. This could imply a stronger financial position with less leverage and potentially lower financial risk.
The sharp decrease from a ratio of 0.26 in 2022 to 0.00 in 2023 raises the possibility that the company may have substantially reduced or eliminated its debt obligations, leading to a more conservative capital structure. However, it is important to note that a debt-to-equity ratio of 0.00 could also imply that the company is not utilizing debt as a source of capital, which may limit its growth opportunities or tax efficiency.
Overall, the decreasing trend in the debt-to-equity ratio for Lattice Semiconductor Corporation suggests a shift towards a more equity-based financing structure, which could be a positive sign for investors concerned about financial stability and risk management.
Peer comparison
Dec 31, 2023