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.