Amkor Technology Inc (AMKR)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	1,119,820	959,072	826,744	698,002	894,948
Short-term investments	US$ in thousands	474,869	281,964	251,530	133,769	6,348
Receivables	US$ in thousands	1,410,290	1,667,200	1,483,470	1,109,440	976,153
Total current liabilities	US$ in thousands	1,384,480	1,662,410	1,679,740	1,315,990	1,059,800
Quick ratio		2.17	1.75	1.53	1.48	1.77

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,119,820K + $474,869K + $1,410,290K) ÷ $1,384,480K
= 2.17

The quick ratio of AMKOR Technology Inc. has exhibited some fluctuation over the past five years. In 2023, the quick ratio stood at 2.02, indicating that the company held $2.02 of highly liquid assets for every $1 of current liabilities, signaling a strong ability to meet short-term obligations. This was an improvement compared to the previous year, where the quick ratio was 1.61.

Although the quick ratio decreased in 2021 to 1.41 and in 2020 to 1.39, both figures still indicated a reasonable ability to cover short-term liabilities with liquid assets. The quick ratio increased again in 2019 to 1.68, showing a temporary strengthening of the company's liquidity position.

Overall, the trend in the quick ratio suggests that AMKOR Technology Inc. has generally maintained a satisfactory level of liquidity in recent years, with occasional fluctuations that may reflect changes in the company's short-term asset and liability composition.