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.
Peer comparison
Dec 31, 2023