Amkor Technology Inc (AMKR)
Cash ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 1,133,550 | 1,119,820 | 959,072 | 826,744 | 698,002 |
Short-term investments | US$ in thousands | 512,984 | 474,869 | 281,964 | 251,530 | 133,769 |
Total current liabilities | US$ in thousands | 1,455,280 | 1,384,480 | 1,662,410 | 1,679,740 | 1,315,990 |
Cash ratio | 1.13 | 1.15 | 0.75 | 0.64 | 0.63 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,133,550K
+ $512,984K)
÷ $1,455,280K
= 1.13
The cash ratio of Amkor Technology Inc has shown a steady increase over the years, which indicates the company's improving ability to cover its short-term liabilities with its cash and cash equivalents. As of December 31, 2020, the cash ratio stood at 0.63, suggesting that the company had $0.63 in cash and cash equivalents for every dollar of current liabilities.
By December 31, 2024, the cash ratio had increased to 1.13, indicating a significant improvement in the company's liquidity position. This suggests that by the end of 2024, the company had $1.13 in cash and cash equivalents for every dollar of current liabilities, highlighting its enhanced ability to meet its short-term obligations.
Overall, the increasing trend in the cash ratio of Amkor Technology Inc reflects positively on its financial health and liquidity management, providing a stronger cushion to meet its short-term obligations.
Peer comparison
Dec 31, 2024