Advanced Micro Devices Inc (AMD)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,933,000 | 3,561,000 | 3,841,000 | 3,825,000 | 4,835,000 | 3,398,000 | 4,964,000 | 4,740,000 | 2,535,000 | 2,440,000 | 2,623,000 | 1,763,000 | 1,595,000 | 1,296,000 | 1,775,000 | 1,330,000 | 1,466,000 | 1,156,000 | 963,000 | 978,000 |
| Short-term investments | US$ in thousands | 1,840,000 | 2,224,000 | 2,444,000 | 2,114,000 | 1,020,000 | 2,193,000 | 1,028,000 | 1,792,000 | 1,073,000 | 1,168,000 | 1,170,000 | 1,353,000 | 695,000 | 475,000 | 0 | 55,000 | 37,000 | 53,000 | 165,000 | 216,000 |
| Total current liabilities | US$ in thousands | 6,689,000 | 7,627,000 | 7,572,000 | 6,577,000 | 6,369,000 | 6,691,000 | 5,523,000 | 5,581,000 | 4,240,000 | 3,564,000 | 2,892,000 | 2,864,000 | 2,417,000 | 2,417,000 | 2,434,000 | 1,985,000 | 2,359,000 | 1,864,000 | 1,804,000 | 1,764,000 |
| Cash ratio | 0.86 | 0.76 | 0.83 | 0.90 | 0.92 | 0.84 | 1.08 | 1.17 | 0.85 | 1.01 | 1.31 | 1.09 | 0.95 | 0.73 | 0.73 | 0.70 | 0.64 | 0.65 | 0.63 | 0.68 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,933,000K
+ $1,840,000K)
÷ $6,689,000K
= 0.86
The cash ratio for Advanced Micro Devices Inc has shown some fluctuations over the given periods. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger ability to meet short-term obligations without relying on external sources of financing.
Looking at the trend, the cash ratio has generally remained above 1, indicating that Advanced Micro Devices Inc has more than enough cash and cash equivalents to cover its current liabilities in most periods. However, there have been some slight dips below 1 in a few quarters, indicating a temporary reduction in the liquid assets available to meet short-term obligations.
Overall, the company's cash ratio has shown stability over time, with occasional fluctuations that may be influenced by factors such as seasonal variations in cash flows, investments in growth opportunities, or changes in working capital management. Investors and stakeholders may find this information valuable in assessing the company's liquidity position and risk of default.
Peer comparison
Dec 31, 2023