Amkor Technology Inc (AMKR)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,133,550K
+ $512,984K
+ $—K)
÷ $1,455,280K
= 1.13
The quick ratio of Amkor Technology Inc has shown some fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to December 31, 2020, the quick ratio declined from 0.95 to 0.63, indicating a potential liquidity issue. However, from December 31, 2020, to March 31, 2024, the quick ratio gradually improved, reaching a peak of 1.21 on March 31, 2024. This indicates an enhancement in the company's ability to cover its short-term obligations with its quick assets.
The quick ratio fluctuated between 0.53 and 0.86 over the period of March 31, 2021, to March 31, 2023, suggesting some volatility in the company's liquidity position. However, the ratio increased significantly to 1.15 by December 31, 2023, and further to 1.13 by December 31, 2024, indicating a stronger ability to meet short-term obligations.
Overall, a quick ratio above 1 is considered healthy as it signifies that the company has more than enough quick assets to cover its current liabilities. The increasing trend in Amkor Technology's quick ratio from 2020 to 2024 suggests an improvement in the company's short-term liquidity position, which is a positive indicator for investors and creditors.
Peer comparison
Dec 31, 2024