Advanced Micro Devices Inc (AMD)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,787,000 | 3,897,000 | 4,113,000 | 4,190,000 | 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 |
| Short-term investments | US$ in thousands | 1,345,000 | 647,000 | 1,227,000 | 1,845,000 | 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 |
| Receivables | US$ in thousands | 6,820,000 | 7,270,000 | 5,773,000 | 5,069,000 | 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 |
| Total current liabilities | US$ in thousands | 7,281,000 | 7,500,000 | 6,195,000 | 6,474,000 | 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 |
| Quick ratio | 1.64 | 1.58 | 1.79 | 1.72 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,787,000K
+ $1,345,000K
+ $6,820,000K)
÷ $7,281,000K
= 1.64
The quick ratio of Advanced Micro Devices Inc, a semiconductor company, has shown fluctuations over the reported periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From March 31, 2020, to September 30, 2021, the quick ratio generally remained above 1, indicating that the company had an adequate level of liquid assets to cover its current liabilities. The quick ratio peaked at 2.01 on June 30, 2021, suggesting a strong ability to meet short-term obligations.
However, from March 31, 2023, the quick ratio decreased significantly to 0.90, indicating a potential liquidity concern. This decline may signal a reduction in liquid assets relative to current liabilities, which could impact the company's ability to fulfill short-term financial obligations comfortably.
Subsequently, the quick ratio improved and stabilized between 1.57 and 1.83 from December 31, 2023, to June 30, 2024. This indicates a recovery in the company's liquidity position and a better ability to cover short-term liabilities with liquid assets.
Overall, while the quick ratio of Advanced Micro Devices Inc has experienced fluctuations, it is important for stakeholders to monitor the trend closely to ensure the company maintains a healthy liquidity position for sustained financial stability.
Peer comparison
Dec 31, 2024