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.
Peer comparison
Dec 31, 2023