Amkor Technology Inc (AMKR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,962,310 | 3,668,750 | 2,942,280 | 2,325,700 | 1,963,740 |
| Debt-to-capital ratio | 0.21 | 0.23 | 0.25 | 0.30 | 0.40 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,071,830K ÷ ($1,071,830K + $3,962,310K)
= 0.21
The debt-to-capital ratio of AMKOR Technology Inc. has been declining steadily over the past five years, from 0.42 in 2019 to 0.24 in 2023. This indicates a positive trend in the company's capital structure, with a lower proportion of debt relative to total capital. A decreasing debt-to-capital ratio suggests that the company is becoming less reliant on debt financing and is likely improving its financial health and stability. This trend could be viewed favorably by investors and creditors as it reduces financial risk and enhances the company's ability to meet its financial obligations. AMKOR Technology Inc.'s decreasing debt-to-capital ratio may also reflect effective capital management and strategic decision-making by the company's management team. Overall, the declining trend in the debt-to-capital ratio indicates an improving financial position for AMKOR Technology Inc.
Peer comparison
Dec 31, 2023