Advanced Micro Devices Inc (AMD)
Current 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 current assets | US$ in thousands | 16,768,000 | 16,688,000 | 16,505,000 | 15,658,000 | 15,019,000 | 14,420,000 | 13,462,000 | 13,369,000 | 8,583,000 | 7,988,000 | 7,818,000 | 7,197,000 | 6,143,000 | 5,500,000 | 5,109,000 | 4,390,000 | 4,597,000 | 3,912,000 | 3,754,000 | 3,677,000 |
| 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 |
| Current ratio | 2.51 | 2.19 | 2.18 | 2.38 | 2.36 | 2.16 | 2.44 | 2.40 | 2.02 | 2.24 | 2.70 | 2.51 | 2.54 | 2.28 | 2.10 | 2.21 | 1.95 | 2.10 | 2.08 | 2.08 |
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 shown fluctuations over the periods presented. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
In general, a current ratio above 1 indicates that a company has more current assets than current liabilities, suggesting a strong ability to meet its short-term financial obligations. Advanced Micro Devices Inc's current ratio has mostly remained above 2, indicating a healthy liquidity position during most of the periods.
However, there are some fluctuations in the current ratio over time, with the ratio ranging from a low of 2.02 to a high of 2.70. These fluctuations may indicate changes in the company's liquidity position and ability to manage its short-term obligations efficiently.
Overall, Advanced Micro Devices Inc has demonstrated a relatively strong liquidity position over the periods analyzed, with a current ratio consistently above 2 for most of the time frame. It is important for investors and stakeholders to monitor these ratios closely to assess the company's ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023