Amkor Technology Inc (AMKR)
Debt-to-equity 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 | ||
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Long-term debt | US$ in thousands | 1,071,830 | 947,227 | 975,535 | 1,060,000 | 1,088,520 | 1,001,540 | 981,220 | 1,087,410 | 984,988 | 884,236 | 916,407 | 952,366 | 1,005,340 | 1,182,570 | 1,396,390 | 1,371,500 | 1,305,760 | 1,195,000 | 1,109,940 | 1,215,260 |
Total stockholders’ equity | US$ in thousands | 3,962,310 | 3,846,690 | 3,732,150 | 3,696,480 | 3,668,750 | 3,487,350 | 3,196,300 | 3,096,120 | 2,942,280 | 2,730,010 | 2,554,250 | 2,433,920 | 2,325,700 | 2,194,620 | 2,089,400 | 2,031,520 | 1,963,740 | 1,861,640 | 1,805,310 | 1,807,010 |
Debt-to-equity ratio | 0.27 | 0.25 | 0.26 | 0.29 | 0.30 | 0.29 | 0.31 | 0.35 | 0.33 | 0.32 | 0.36 | 0.39 | 0.43 | 0.54 | 0.67 | 0.68 | 0.66 | 0.64 | 0.61 | 0.67 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,071,830K ÷ $3,962,310K
= 0.27
The debt-to-equity ratio of AMKOR Technology Inc. has shown a decreasing trend over the past eight quarters, indicating a positive signal for the company's financial health. The ratio decreased from 0.41 in Q1 2022 to 0.32 in Q4 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and investments relative to its shareholders' equity.
A lower debt-to-equity ratio signifies a lower degree of financial leverage and lower risk of financial distress, as the company has less debt compared to its equity. This could indicate improved financial stability and better performance in managing its debt obligations.
Overall, the decreasing trend in the debt-to-equity ratio for AMKOR Technology Inc. suggests a positive trajectory for the company's financial structure and indicates prudent financial management.
Peer comparison
Dec 31, 2023