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.