Advanced Micro Devices Inc (AMD)
Quick 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 | 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 |
| Receivables | US$ in thousands | 6,476,000 | 5,055,000 | 4,312,000 | — | 5,226,000 | 4,340,000 | 4,053,000 | 3,681,000 | 3,035,000 | 2,229,000 | 2,026,000 | 2,185,000 | 2,189,000 | 2,138,000 | 1,799,000 | 1,896,000 | 2,056,000 | 1,586,000 | 1,731,000 | 1,644,000 |
| 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 |
| Quick ratio | 1.83 | 1.42 | 1.40 | 0.90 | 1.74 | 1.48 | 1.82 | 1.83 | 1.57 | 1.64 | 2.01 | 1.85 | 1.85 | 1.62 | 1.47 | 1.65 | 1.51 | 1.50 | 1.58 | 1.61 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,933,000K
+ $1,840,000K
+ $6,476,000K)
÷ $6,689,000K
= 1.83
The quick ratio of Advanced Micro Devices Inc shows a fluctuating trend over the past five years, ranging from 0.90 to 2.01. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In the latest quarter, the quick ratio was 1.42, indicating that for every dollar of current liabilities, the company has $1.42 of highly liquid assets available to cover those obligations. This suggests a healthy liquidity position, although slightly lower than in previous quarters.
Overall, the company has maintained a quick ratio above 1 in most quarters, signifying a relatively strong ability to meet its short-term debt obligations. However, investors and creditors should monitor the quick ratio closely to ensure that the company can continue to efficiently cover its current liabilities with liquid assets.
Peer comparison
Dec 31, 2023