• Lam Research average debt/equity ratio for 2023 was 0.61, a 16.44% decline from 2022.
• Lam Research average debt/equity ratio for 2022 was 0.73, a 14.12% decline from 2021.
• Lam Research average debt/equity ratio for 2021 was 0.85, a 13.27% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.