Amkor Technology Inc (AMKR)

Cash 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 and cash equivalents	US$ in thousands	1,119,820	735,733	804,834	909,802	959,072	624,084	733,922	854,802	826,744	545,592	724,785	650,274	698,002	566,745	783,228	941,447	894,948	598,753	551,438	1,055,400
Short-term investments	US$ in thousands	474,869	439,002	399,233	341,822	281,964	308,063	375,137	307,016	251,530	244,470	160,941	163,693	133,769	356,150	310,634	58,263	6,348	—	—	—
Total current liabilities	US$ in thousands	1,384,480	1,602,090	1,576,490	1,457,550	1,662,410	1,789,160	1,784,960	1,623,120	1,679,740	1,738,980	1,679,650	1,316,860	1,315,990	1,375,370	1,282,840	1,047,750	1,059,800	992,255	1,038,890	1,467,620
Cash ratio		1.15	0.73	0.76	0.86	0.75	0.52	0.62	0.72	0.64	0.45	0.53	0.62	0.63	0.67	0.85	0.95	0.85	0.60	0.53	0.72

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,119,820K + $474,869K) ÷ $1,384,480K
= 1.15

The cash ratio of AMKOR Technology Inc. has shown fluctuations over the past eight quarters, ranging from 0.55 to 1.19. This ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.

In Q4 2023, AMKOR's cash ratio improved significantly to 1.19 compared to the previous quarter's 0.77. This indicates that the company had $1.19 in cash for every dollar of current liabilities at the end of Q4 2023, showcasing a stronger liquidity position.

While the cash ratio has been volatile, it generally remained above 0.75 over the last two years, suggesting that AMKOR has maintained a relatively healthy level of liquidity to meet its short-term financial obligations. The lower ratios in earlier quarters, such as Q3 2022 and Q4 2022, may have indicated temporary liquidity challenges or variations in cash availability.

Overall, the upward trend in AMKOR's cash ratio is a positive indicator of improved liquidity and the company's ability to manage its short-term financial commitments effectively. It will be essential to continue monitoring this ratio to assess the company's ongoing liquidity position and financial stability.