Advanced Micro Devices Inc (AMD)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,717,000	1,715,000	1,714,000	2,467,000	2,467,000	2,466,000	2,465,000	1,475,000	1,000	1,000	313,000	313,000	330,000	373,000	490,000	488,000	486,000	872,000	1,031,000	1,024,000
Total assets	US$ in thousands	67,885,000	67,626,000	67,967,000	67,634,000	67,580,000	67,811,000	67,502,000	66,915,000	12,419,000	11,153,000	10,691,000	10,047,000	8,962,000	7,023,000	6,583,000	5,864,000	6,028,000	5,253,000	5,102,000	4,931,000
Debt-to-assets ratio		0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.02	0.00	0.00	0.03	0.03	0.04	0.05	0.07	0.08	0.08	0.17	0.20	0.21

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,717,000K ÷ $67,885,000K
= 0.03

The debt-to-assets ratio of Advanced Micro Devices Inc has exhibited fluctuations over the past few years. The ratio has generally remained low, indicating that the company's level of debt relative to its total assets has been relatively modest and manageable.

The ratio was at its highest in March 2020 and December 2019, reflecting a temporary increase in debt levels compared to the company's asset base during those periods. However, since then, the ratio has decreased steadily, reaching its lowest point in December 2021 and September 2021, where the company had minimal debt in relation to its total assets.

Overall, the consistent low debt-to-assets ratio suggests that Advanced Micro Devices Inc has maintained a conservative approach to financing its operations, relying more on equity and internal resources rather than excessive debt. This indicates a lower financial risk and solid financial health for the company.