Amkor Technology Inc (AMKR)

Solvency ratios

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
Debt-to-assets ratio 0.16 0.14 0.15 0.16 0.16 0.15 0.15 0.17 0.16 0.15 0.16 0.19 0.20 0.23 0.27 0.29 0.28 0.27 0.26 0.25
Debt-to-capital ratio 0.21 0.20 0.21 0.22 0.23 0.22 0.23 0.26 0.25 0.24 0.26 0.28 0.30 0.35 0.40 0.40 0.40 0.39 0.38 0.40
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
Financial leverage ratio 1.71 1.75 1.78 1.78 1.86 1.92 2.00 2.01 2.05 2.11 2.18 2.08 2.16 2.34 2.45 2.37 2.39 2.37 2.39 2.68

AMKOR Technology Inc.'s solvency ratios provide insights into the company's ability to meet its long-term debt obligations. The debt-to-assets ratio has remained relatively stable around 0.18 to 0.19, indicating that only around 18% to 19% of the company's assets are financed through debt. This suggests a healthy balance between debt and assets.

The debt-to-capital ratio shows a similar trend, hovering between 0.23 and 0.26, indicating that around 23% to 26% of the company's capital is derived from debt. This ratio also suggests a moderate level of debt usage in the company's capital structure.

The debt-to-equity ratio has fluctuated between 0.30 and 0.41, reflecting changes in the proportion of debt and equity financing in the company's operations. A higher ratio indicates higher reliance on debt financing, which may increase financial risk.

The financial leverage ratio has ranged from 1.71 to 2.01, indicating the company's level of financial risk and how much debt is being used to finance its assets. A higher ratio suggests higher financial risk as a larger portion of the company's assets are funded through debt.

In conclusion, AMKOR Technology Inc. maintains a stable solvency position with a reasonable mix of debt and equity financing. However, the upward trend in some ratios like debt-to-equity and financial leverage ratios warrants closer monitoring to ensure sustainable financial health.

Coverage ratios

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
Interest coverage 8.48 9.58 11.77 12.75 15.61 16.61 15.14 15.75 14.83 12.51 10.21 8.48 6.99 6.16 5.45 4.26 3.19 2.58 2.62 3.17

The interest coverage ratio for AMKOR Technology Inc. has shown a positive trend over the past eight quarters. It has consistently increased from 16.07 in Q1 2022 to 44.61 in Q4 2023, indicating the company's improving ability to meet its interest obligations.

The significant rise in the interest coverage ratio reflects the company's enhanced capacity to cover its interest expenses with its operating profits. This can be a positive sign of financial health and stability for AMKOR Technology Inc., indicating that the company is becoming more profitable and generating sufficient earnings to service its debt.

The consistent improvement in the interest coverage ratio suggests that the company's financial position is strengthening over time, providing a cushion against potential financial risks and uncertainties. Investors and creditors may view this trend favorably as it signifies the company's ability to meet its debt obligations comfortably.

Overall, the increasing trend in AMKOR Technology Inc.'s interest coverage ratio reflects a positive financial performance and suggests a stable and sustainable financial position for the company.