Advanced Micro Devices Inc (AMD)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 16,768,000 | 15,019,000 | 8,583,000 | 6,143,000 | 4,597,000 |
| Total current liabilities | US$ in thousands | 6,689,000 | 6,369,000 | 4,240,000 | 2,417,000 | 2,359,000 |
| Current ratio | 2.51 | 2.36 | 2.02 | 2.54 | 1.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $16,768,000K ÷ $6,689,000K
= 2.51
The current ratio of Advanced Micro Devices Inc has displayed some fluctuations over the past five years. The ratio stood at 2.51 as of December 31, 2023, showing an improvement from the previous year's 2.36. The current ratio indicates that the company had $2.51 in current assets to cover each dollar of current liabilities at the end of 2023. This suggests that AMD's short-term liquidity position strengthened compared to the prior year.
Looking further back, the current ratio was 2.02 as of December 31, 2021, then increased to 2.54 in 2020, before declining to 1.95 in 2019. These fluctuations indicate some variability in AMD's ability to meet its short-term obligations over the last five years.
Overall, the current ratio trend of Advanced Micro Devices Inc appears to have improved in the most recent year, signaling a potentially more stable liquidity position compared to previous periods. However, investors and analysts may still need to monitor future changes in the current ratio to assess the company's ongoing ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023