Lattice Semiconductor Corporation (LSCC)

Financial leverage 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
Total assets	US$ in thousands	840,894	779,622	759,071	767,629	798,713	758,945	737,128	720,926	726,494	704,839	693,552	687,584	680,067	682,431	676,030	664,205	612,016	593,405	616,659	644,726
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
Financial leverage ratio		1.22	1.25	1.32	1.49	1.64	1.72	1.69	1.71	1.76	1.79	1.75	1.76	1.77	1.81	1.86	1.94	1.87	1.92	2.09	2.29

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 exhibited some fluctuations over the past few years. The ratio indicates the proportion of the company's total assets that are financed by debt, with higher values suggesting higher debt levels relative to assets.

Analyzing the trend in the financial leverage ratio reveals an increase over the periods from December 2019 to March 2020, reaching its peak of 2.29 in March 2020. This may indicate a significant rise in debt compared to assets during this period. Subsequently, there was a declining trend in the ratio from March 2020 to December 2020, which suggests a reduction in the reliance on debt financing or an increase in asset base during that time.

From December 2020 to March 2023, the financial leverage ratio of Lattice Semiconductor Corporation fluctuated within a range between 1.22 and 1.94. The ratio experienced some volatility during this period, perhaps reflecting changes in the company's capital structure, debt repayment, or asset investments.

Overall, the financial leverage ratio of Lattice Semiconductor Corporation has shown variability, indicating fluctuations in the mix of debt and equity financing used to support the company's operations and growth. It is essential for the company to carefully manage its debt levels to maintain a healthy balance sheet and financial stability.