Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Lam Research Corp., solvency ratios
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Lam Research Corp. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Lam Research Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Lam Research Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Lam Research Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Lam Research Corp. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Lam Research Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Lam Research Corp. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Lam Research Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Lam Research Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
Lam Research Corp., debt to equity calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | 667,131) | |
| Long-term debt and finance lease obligations, less current portion | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | 3,822,768) | |
| Total debt | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | 4,489,899) | |
| Stockholders’ equity | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | 4,673,865) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.58 | 0.61 | 0.80 | 0.83 | 1.12 | 0.96 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.05 | 0.04 | 0.06 | 0.17 | |
| Analog Devices Inc. | 0.22 | 0.20 | 0.18 | 0.18 | 0.43 | 0.47 | |
| Applied Materials Inc. | 0.33 | 0.35 | 0.45 | 0.45 | 0.52 | 0.65 | |
| Broadcom Inc. | 1.00 | 1.64 | 1.74 | 1.59 | 1.72 | 1.32 | |
| Intel Corp. | — | 0.47 | 0.41 | 0.40 | 0.45 | 0.37 | |
| KLA Corp. | 1.97 | 2.02 | 4.75 | 1.02 | 1.30 | 1.29 | |
| Micron Technology Inc. | 0.30 | 0.30 | 0.14 | 0.15 | 0.17 | 0.16 | |
| Monolithic Power Systems Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NVIDIA Corp. | 0.23 | 0.50 | 0.41 | 0.41 | 0.16 | 0.21 | |
| Qualcomm Inc. | 0.56 | 0.71 | 0.86 | 1.58 | 2.59 | 3.25 | |
| Texas Instruments Inc. | — | 0.66 | 0.60 | 0.58 | 0.74 | 0.65 | |
| Debt to Equity, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.47 | 0.43 | 0.50 | 0.62 | 0.57 | |
| Debt to Equity, Industry | |||||||
| Information Technology | — | 0.66 | 0.70 | 0.83 | 0.97 | 0.98 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 4,983,334 ÷ 8,539,454 = 0.58
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Lam Research Corp. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
Lam Research Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | 667,131) | |
| Long-term debt and finance lease obligations, less current portion | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | 3,822,768) | |
| Total debt | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | 4,489,899) | |
| Current operating lease liabilities (included in Accrued expenses and other current liabilities) | 64,443) | 64,682) | 54,110) | 45,310) | 49,480) | —) | |
| Long-term operating lease liabilities (included in Other long-term liabilities) | 223,273) | 172,886) | 164,613) | 118,385) | 123,889) | —) | |
| Total debt (including operating lease liability) | 5,271,050) | 5,249,109) | 5,224,553) | 5,165,377) | 5,984,094) | 4,489,899) | |
| Stockholders’ equity | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | 4,673,865) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.62 | 0.64 | 0.83 | 0.86 | 1.16 | 0.96 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.06 | 0.05 | 0.10 | 0.10 | 0.26 | |
| Analog Devices Inc. | 0.23 | 0.21 | 0.19 | 0.19 | 0.46 | 0.47 | |
| Applied Materials Inc. | 0.35 | 0.37 | 0.48 | 0.47 | 0.54 | 0.65 | |
| Broadcom Inc. | 1.02 | 1.65 | 1.76 | 1.61 | 1.75 | 1.32 | |
| Intel Corp. | — | 0.47 | 0.42 | 0.40 | 0.46 | 0.38 | |
| KLA Corp. | 2.02 | 2.08 | 4.83 | 1.05 | 1.34 | 1.29 | |
| Micron Technology Inc. | 0.31 | 0.32 | 0.15 | 0.17 | 0.19 | 0.16 | |
| Monolithic Power Systems Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NVIDIA Corp. | 0.26 | 0.54 | 0.44 | 0.46 | 0.22 | 0.21 | |
| Qualcomm Inc. | 0.59 | 0.74 | 0.90 | 1.64 | 2.67 | 3.25 | |
| Texas Instruments Inc. | — | 0.70 | 0.63 | 0.62 | 0.77 | 0.69 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.48 | 0.45 | 0.52 | 0.64 | 0.58 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.72 | 0.77 | 0.90 | 1.04 | 1.01 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 5,271,050 ÷ 8,539,454 = 0.62
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Lam Research Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital
Lam Research Corp., debt to capital calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | 667,131) | |
| Long-term debt and finance lease obligations, less current portion | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | 3,822,768) | |
| Total debt | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | 4,489,899) | |
| Stockholders’ equity | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | 4,673,865) | |
| Total capital | 13,522,788) | 13,221,713) | 11,284,196) | 11,028,870) | 10,983,219) | 9,163,764) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.37 | 0.38 | 0.44 | 0.45 | 0.53 | 0.49 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.05 | 0.15 | |
| Analog Devices Inc. | 0.18 | 0.16 | 0.15 | 0.15 | 0.30 | 0.32 | |
| Applied Materials Inc. | 0.25 | 0.26 | 0.31 | 0.31 | 0.34 | 0.39 | |
| Broadcom Inc. | 0.50 | 0.62 | 0.64 | 0.61 | 0.63 | 0.57 | |
| Intel Corp. | — | 0.32 | 0.29 | 0.29 | 0.31 | 0.27 | |
| KLA Corp. | 0.66 | 0.67 | 0.83 | 0.50 | 0.57 | 0.56 | |
| Micron Technology Inc. | 0.23 | 0.23 | 0.12 | 0.13 | 0.15 | 0.14 | |
| Monolithic Power Systems Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NVIDIA Corp. | 0.18 | 0.33 | 0.29 | 0.29 | 0.14 | 0.18 | |
| Qualcomm Inc. | 0.36 | 0.42 | 0.46 | 0.61 | 0.72 | 0.76 | |
| Texas Instruments Inc. | — | 0.40 | 0.37 | 0.37 | 0.43 | 0.39 | |
| Debt to Capital, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.32 | 0.30 | 0.33 | 0.38 | 0.37 | |
| Debt to Capital, Industry | |||||||
| Information Technology | — | 0.40 | 0.41 | 0.45 | 0.49 | 0.50 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,983,334 ÷ 13,522,788 = 0.37
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Lam Research Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
Lam Research Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | 667,131) | |
| Long-term debt and finance lease obligations, less current portion | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | 3,822,768) | |
| Total debt | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | 4,489,899) | |
| Current operating lease liabilities (included in Accrued expenses and other current liabilities) | 64,443) | 64,682) | 54,110) | 45,310) | 49,480) | —) | |
| Long-term operating lease liabilities (included in Other long-term liabilities) | 223,273) | 172,886) | 164,613) | 118,385) | 123,889) | —) | |
| Total debt (including operating lease liability) | 5,271,050) | 5,249,109) | 5,224,553) | 5,165,377) | 5,984,094) | 4,489,899) | |
| Stockholders’ equity | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | 4,673,865) | |
| Total capital (including operating lease liability) | 13,810,504) | 13,459,281) | 11,502,919) | 11,192,565) | 11,156,588) | 9,163,764) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.38 | 0.39 | 0.45 | 0.46 | 0.54 | 0.49 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.05 | 0.05 | 0.09 | 0.09 | 0.20 | |
| Analog Devices Inc. | 0.18 | 0.17 | 0.16 | 0.16 | 0.31 | 0.32 | |
| Applied Materials Inc. | 0.26 | 0.27 | 0.32 | 0.32 | 0.35 | 0.39 | |
| Broadcom Inc. | 0.50 | 0.62 | 0.64 | 0.62 | 0.64 | 0.57 | |
| Intel Corp. | — | 0.32 | 0.30 | 0.29 | 0.31 | 0.28 | |
| KLA Corp. | 0.67 | 0.67 | 0.83 | 0.51 | 0.57 | 0.56 | |
| Micron Technology Inc. | 0.24 | 0.24 | 0.13 | 0.14 | 0.16 | 0.14 | |
| Monolithic Power Systems Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NVIDIA Corp. | 0.20 | 0.35 | 0.31 | 0.31 | 0.18 | 0.18 | |
| Qualcomm Inc. | 0.37 | 0.43 | 0.47 | 0.62 | 0.73 | 0.76 | |
| Texas Instruments Inc. | — | 0.41 | 0.39 | 0.38 | 0.44 | 0.41 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.32 | 0.31 | 0.34 | 0.39 | 0.37 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.42 | 0.43 | 0.47 | 0.51 | 0.50 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,271,050 ÷ 13,810,504 = 0.38
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Lam Research Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
Lam Research Corp., debt to assets calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | 667,131) | |
| Long-term debt and finance lease obligations, less current portion | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | 3,822,768) | |
| Total debt | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | 4,489,899) | |
| Total assets | 18,744,728) | 18,781,643) | 17,195,632) | 15,892,152) | 14,559,047) | 12,001,333) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.27 | 0.27 | 0.29 | 0.31 | 0.40 | 0.37 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.03 | 0.04 | 0.08 | |
| Analog Devices Inc. | 0.16 | 0.14 | 0.13 | 0.13 | 0.24 | 0.26 | |
| Applied Materials Inc. | 0.18 | 0.18 | 0.20 | 0.21 | 0.24 | 0.28 | |
| Broadcom Inc. | 0.41 | 0.54 | 0.54 | 0.53 | 0.54 | 0.49 | |
| Intel Corp. | — | 0.26 | 0.23 | 0.23 | 0.24 | 0.21 | |
| KLA Corp. | 0.43 | 0.42 | 0.53 | 0.34 | 0.37 | 0.38 | |
| Micron Technology Inc. | 0.19 | 0.21 | 0.10 | 0.12 | 0.12 | 0.12 | |
| Monolithic Power Systems Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NVIDIA Corp. | 0.15 | 0.27 | 0.25 | 0.24 | 0.11 | 0.15 | |
| Qualcomm Inc. | 0.27 | 0.30 | 0.32 | 0.38 | 0.44 | 0.48 | |
| Texas Instruments Inc. | — | 0.35 | 0.32 | 0.31 | 0.35 | 0.32 | |
| Debt to Assets, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.26 | 0.24 | 0.26 | 0.30 | 0.29 | |
| Debt to Assets, Industry | |||||||
| Information Technology | — | 0.26 | 0.26 | 0.29 | 0.31 | 0.32 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,983,334 ÷ 18,744,728 = 0.27
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Lam Research Corp. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Lam Research Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and finance lease obligations | 504,814) | 8,358) | 7,381) | 11,349) | 839,877) | 667,131) | |
| Long-term debt and finance lease obligations, less current portion | 4,478,520) | 5,003,183) | 4,998,449) | 4,990,333) | 4,970,848) | 3,822,768) | |
| Total debt | 4,983,334) | 5,011,541) | 5,005,830) | 5,001,682) | 5,810,725) | 4,489,899) | |
| Current operating lease liabilities (included in Accrued expenses and other current liabilities) | 64,443) | 64,682) | 54,110) | 45,310) | 49,480) | —) | |
| Long-term operating lease liabilities (included in Other long-term liabilities) | 223,273) | 172,886) | 164,613) | 118,385) | 123,889) | —) | |
| Total debt (including operating lease liability) | 5,271,050) | 5,249,109) | 5,224,553) | 5,165,377) | 5,984,094) | 4,489,899) | |
| Total assets | 18,744,728) | 18,781,643) | 17,195,632) | 15,892,152) | 14,559,047) | 12,001,333) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.28 | 0.28 | 0.30 | 0.33 | 0.41 | 0.37 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.05 | 0.04 | 0.06 | 0.06 | 0.12 | |
| Analog Devices Inc. | 0.17 | 0.15 | 0.14 | 0.14 | 0.25 | 0.26 | |
| Applied Materials Inc. | 0.19 | 0.20 | 0.22 | 0.22 | 0.26 | 0.28 | |
| Broadcom Inc. | 0.42 | 0.54 | 0.55 | 0.53 | 0.55 | 0.49 | |
| Intel Corp. | — | 0.26 | 0.23 | 0.23 | 0.24 | 0.22 | |
| KLA Corp. | 0.44 | 0.43 | 0.54 | 0.35 | 0.38 | 0.38 | |
| Micron Technology Inc. | 0.20 | 0.22 | 0.11 | 0.12 | 0.13 | 0.12 | |
| Monolithic Power Systems Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NVIDIA Corp. | 0.17 | 0.29 | 0.27 | 0.27 | 0.15 | 0.15 | |
| Qualcomm Inc. | 0.28 | 0.31 | 0.33 | 0.40 | 0.46 | 0.48 | |
| Texas Instruments Inc. | — | 0.36 | 0.34 | 0.33 | 0.37 | 0.34 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.27 | 0.25 | 0.27 | 0.31 | 0.29 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.28 | 0.29 | 0.31 | 0.33 | 0.33 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,271,050 ÷ 18,744,728 = 0.28
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Lam Research Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Financial Leverage
Lam Research Corp., financial leverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 18,744,728) | 18,781,643) | 17,195,632) | 15,892,152) | 14,559,047) | 12,001,333) | |
| Stockholders’ equity | 8,539,454) | 8,210,172) | 6,278,366) | 6,027,188) | 5,172,494) | 4,673,865) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 2.20 | 2.29 | 2.74 | 2.64 | 2.81 | 2.57 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 1.21 | 1.23 | 1.66 | 1.54 | 2.13 | |
| Analog Devices Inc. | 1.37 | 1.37 | 1.38 | 1.38 | 1.79 | 1.83 | |
| Applied Materials Inc. | 1.81 | 1.88 | 2.19 | 2.11 | 2.11 | 2.32 | |
| Broadcom Inc. | 2.45 | 3.04 | 3.23 | 3.03 | 3.18 | 2.71 | |
| Intel Corp. | — | 1.81 | 1.80 | 1.77 | 1.89 | 1.76 | |
| KLA Corp. | 4.58 | 4.82 | 8.99 | 3.04 | 3.48 | 3.39 | |
| Micron Technology Inc. | 1.54 | 1.46 | 1.33 | 1.34 | 1.38 | 1.36 | |
| Monolithic Power Systems Inc. | — | 1.19 | 1.23 | 1.27 | 1.25 | 1.24 | |
| NVIDIA Corp. | 1.53 | 1.86 | 1.66 | 1.70 | 1.42 | 1.42 | |
| Qualcomm Inc. | 2.10 | 2.37 | 2.72 | 4.14 | 5.86 | 6.71 | |
| Texas Instruments Inc. | — | 1.91 | 1.87 | 1.85 | 2.11 | 2.02 | |
| Financial Leverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.79 | 1.79 | 1.89 | 2.07 | 2.00 | |
| Financial Leverage, Industry | |||||||
| Information Technology | — | 2.55 | 2.68 | 2.89 | 3.12 | 3.11 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 18,744,728 ÷ 8,539,454 = 2.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Lam Research Corp. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
Lam Research Corp., interest coverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 3,827,772) | 4,510,931) | 4,605,286) | 3,908,458) | 2,251,753) | 2,191,430) | |
| Add: Income tax expense | 532,450) | 598,279) | 587,828) | 462,346) | 323,225) | 255,141) | |
| Add: Interest expense | 185,236) | 186,462) | 184,759) | 208,597) | 177,440) | 117,263) | |
| Earnings before interest and tax (EBIT) | 4,545,458) | 5,295,672) | 5,377,873) | 4,579,401) | 2,752,418) | 2,563,834) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 24.54 | 28.40 | 29.11 | 21.95 | 15.51 | 21.86 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 5.79 | 14.61 | 109.09 | 28.23 | 4.96 | |
| Analog Devices Inc. | 6.52 | 14.63 | 16.46 | 8.19 | 7.79 | 7.49 | |
| Applied Materials Inc. | 34.00 | 33.42 | 34.33 | 29.69 | 18.36 | 14.79 | |
| Broadcom Inc. | 3.51 | 10.31 | 8.16 | 4.59 | 2.37 | 2.54 | |
| Intel Corp. | — | 1.87 | 16.66 | 37.35 | 40.87 | 50.20 | |
| KLA Corp. | 11.25 | 13.76 | 22.76 | 16.00 | 9.22 | 11.40 | |
| Micron Technology Inc. | 3.19 | -13.58 | 51.66 | 35.18 | 16.41 | 56.09 | |
| Monolithic Power Systems Inc. | — | — | — | — | — | — | |
| NVIDIA Corp. | 132.59 | 16.96 | 43.12 | 24.96 | 58.12 | 68.17 | |
| Qualcomm Inc. | 15.83 | 11.72 | 31.61 | 19.38 | 10.50 | 12.93 | |
| Texas Instruments Inc. | — | 22.01 | 47.88 | 49.47 | 32.67 | 34.69 | |
| Interest Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 10.54 | 21.33 | 18.47 | 14.15 | 16.98 | |
| Interest Coverage, Industry | |||||||
| Information Technology | — | 17.89 | 22.78 | 20.06 | 14.26 | 13.65 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 4,545,458 ÷ 185,236 = 24.54
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Lam Research Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
Lam Research Corp., fixed charge coverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 3,827,772) | 4,510,931) | 4,605,286) | 3,908,458) | 2,251,753) | 2,191,430) | |
| Add: Income tax expense | 532,450) | 598,279) | 587,828) | 462,346) | 323,225) | 255,141) | |
| Add: Interest expense | 185,236) | 186,462) | 184,759) | 208,597) | 177,440) | 117,263) | |
| Earnings before interest and tax (EBIT) | 4,545,458) | 5,295,672) | 5,377,873) | 4,579,401) | 2,752,418) | 2,563,834) | |
| Add: Operating lease cost | 83,476) | 75,660) | 69,250) | 51,519) | 46,101) | 28,100) | |
| Earnings before fixed charges and tax | 4,628,934) | 5,371,332) | 5,447,123) | 4,630,920) | 2,798,519) | 2,591,934) | |
| Interest expense | 185,236) | 186,462) | 184,759) | 208,597) | 177,440) | 117,263) | |
| Operating lease cost | 83,476) | 75,660) | 69,250) | 51,519) | 46,101) | 28,100) | |
| Fixed charges | 268,712) | 262,122) | 254,009) | 260,116) | 223,541) | 145,363) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 17.23 | 20.49 | 21.44 | 17.80 | 12.52 | 17.83 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 3.18 | 6.82 | 36.00 | 13.08 | 3.48 | |
| Analog Devices Inc. | 5.55 | 11.89 | 12.87 | 6.64 | 6.48 | 5.62 | |
| Applied Materials Inc. | 34.00 | 23.69 | 24.67 | 22.50 | 14.48 | 12.35 | |
| Broadcom Inc. | 3.40 | 9.81 | 6.55 | 3.70 | 1.92 | 2.27 | |
| Intel Corp. | — | 1.59 | 7.34 | 16.56 | 25.00 | 36.69 | |
| KLA Corp. | 9.72 | 12.19 | 18.72 | 13.03 | 7.74 | 10.39 | |
| Micron Technology Inc. | 2.75 | -9.77 | 31.49 | 22.49 | 11.10 | 32.90 | |
| Monolithic Power Systems Inc. | — | 163.49 | 195.13 | 111.93 | 114.81 | 75.96 | |
| NVIDIA Corp. | 65.29 | 10.19 | 25.61 | 14.40 | 18.89 | 29.23 | |
| Qualcomm Inc. | 12.73 | 9.29 | 22.52 | 14.48 | 8.30 | 10.68 | |
| Texas Instruments Inc. | — | 18.41 | 36.70 | 36.25 | 24.14 | 25.27 | |
| Fixed Charge Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 8.41 | 14.48 | 12.79 | 10.46 | 13.34 | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | — | 11.45 | 13.53 | 12.31 | 9.12 | 9.36 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 4,628,934 ÷ 268,712 = 17.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Lam Research Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |