Amkor Technology Inc (AMKR)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,071,830	1,088,520	984,988	1,005,340	1,305,760
Total assets	US$ in thousands	6,771,120	6,821,760	6,038,550	5,022,310	4,695,620
Debt-to-assets ratio		0.16	0.16	0.16	0.20	0.28

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,071,830K ÷ $6,771,120K
= 0.16

The debt-to-assets ratio of AMKOR Technology Inc. has been relatively stable over the past five years, ranging from 0.19 in 2021, 2022, and 2023, to 0.31 in 2019. This ratio indicates the proportion of the company's assets financed through debt, with lower ratios generally suggesting lower financial risk and greater financial stability. The consistent ratio of 0.19 in recent years may indicate a conservative approach to debt financing, as the company has maintained a relatively low level of debt relative to its total assets. However, the slight increase in the ratio from 2021 to 2019 may suggest a temporary increase in leverage, which could warrant further investigation into the company's debt management strategies and overall financial health.