Amkor Technology Inc (AMKR)

Cash 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 and cash equivalents US$ in thousands 1,133,550 959,140 1,079,660 1,118,000 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
Short-term investments US$ in thousands 512,984 512,333 465,804 454,669 474,869 439,002 399,233 341,822 281,964 308,063 375,137 307,016 251,530 244,470 160,941 163,693 133,769 356,150 310,634 58,263
Total current liabilities US$ in thousands 1,455,280 1,572,830 1,506,600 1,303,200 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
Cash ratio 1.13 0.94 1.03 1.21 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

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 fluctuations over the years, indicating the company's ability to cover its short-term liabilities with cash and cash equivalents.

From March 31, 2020, to March 31, 2022, the cash ratio experienced a downward trend, decreasing from 0.95 to 0.62. This decline may suggest that the company was utilizing its cash reserves for investments or other purposes, potentially impacting its liquidity position.

However, starting from March 31, 2023, the cash ratio began to improve, reaching 1.15 by December 31, 2023. This increase indicates that the company had more cash relative to its current liabilities, which could enhance its financial stability and ability to meet short-term obligations.

The cash ratio continued to rise through December 31, 2024, reaching 1.13. This upward trend suggests that Amkor Technology Inc was effectively managing its cash resources, potentially due to improved operating performance or strategic financial management decisions.

Overall, the fluctuations in the cash ratio of Amkor Technology Inc reflect changes in its liquidity position and the ability to meet short-term obligations with available cash and cash equivalents. Monitoring the cash ratio can provide valuable insights into the company's financial health and management of liquid assets.