Lattice Semiconductor Corporation (LSCC)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 840,894 | 798,713 | 726,494 | 680,067 | 612,016 |
| Total stockholders’ equity | US$ in thousands | 692,020 | 487,163 | 411,633 | 384,427 | 327,659 |
| Financial leverage ratio | 1.22 | 1.64 | 1.76 | 1.77 | 1.87 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $840,894K ÷ $692,020K
= 1.22
The financial leverage ratio of Lattice Semiconductor Corporation has shown a decreasing trend over the past five years, declining from 1.87 in 2019 to 1.22 in 2023. This indicates that the company has been gradually reducing its reliance on debt financing to support its operations and growth. A lower financial leverage ratio suggests that the company is using less debt compared to equity in its capital structure, which can be viewed positively as it may reduce the financial risks associated with high leverage. However, it is essential to consider the reasons behind this trend and evaluate the overall financial health and performance of the company in conjunction with other financial metrics.
Peer comparison
Dec 31, 2023