Amkor Technology Inc (AMKR)

Quick 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 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 — — —
Receivables US$ in thousands 1,410,290 1,707,390 1,466,910 1,414,140 1,667,200 1,839,220 1,436,030 1,421,410 1,483,470 1,554,120 1,289,490 1,092,720 1,109,440 1,140,940 1,051,120 1,011,930 976,153 912,804 791,166 767,514
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
Quick ratio 2.17 1.80 1.69 1.83 1.75 1.55 1.43 1.59 1.53 1.35 1.30 1.45 1.48 1.50 1.67 1.92 1.77 1.52 1.29 1.24

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 shown some fluctuation over the past eight quarters. The quick ratio measures a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.

The quick ratio increased from 1.42 in Q3 2022 to 2.02 in Q4 2023, indicating a significant improvement in the company's short-term liquidity position. This suggests that AMKOR Technology Inc. had a higher ability to meet its short-term obligations with its quick assets in the most recent quarter.

Although there were fluctuations in the interim quarters, the quick ratio generally stayed above 1.30, which suggests that the company has consistently maintained an acceptable level of liquidity throughout the period under review. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

Overall, the trend in AMKOR Technology Inc.'s quick ratio indicates a stable and improving liquidity position, which may suggest effective management of short-term assets and liabilities. However, it is important to consider other financial indicators and factors when evaluating the overall financial health of the company.