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.