Current Ratio
since 2005
Calculation
Advanced Micro Devices Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 28, 2024 | 2.62 | = | 19,049) | ÷ | 7,281) |
| Dec 30, 2023 | 2.51 | = | 16,768) | ÷ | 6,689) |
| Dec 31, 2022 | 2.36 | = | 15,019) | ÷ | 6,369) |
| Dec 25, 2021 | 2.02 | = | 8,583) | ÷ | 4,240) |
| Dec 26, 2020 | 2.54 | = | 6,143) | ÷ | 2,417) |
| Dec 28, 2019 | 1.95 | = | 4,597) | ÷ | 2,359) |
| Dec 29, 2018 | 1.78 | = | 3,540) | ÷ | 1,984) |
| Dec 30, 2017 | 1.76 | = | 2,622) | ÷ | 1,486) |
| Dec 31, 2016 | 1.88 | = | 2,530) | ÷ | 1,346) |
| Dec 26, 2015 | 1.65 | = | 2,320) | ÷ | 1,403) |
| Dec 27, 2014 | 1.90 | = | 2,736) | ÷ | 1,440) |
| Dec 28, 2013 | 1.78 | = | 2,884) | ÷ | 1,618) |
| Dec 29, 2012 | 1.62 | = | 2,265) | ÷ | 1,397) |
| Dec 31, 2011 | 1.82 | = | 3,229) | ÷ | 1,774) |
| Dec 25, 2010 | 2.15 | = | 3,594) | ÷ | 1,674) |
| Dec 26, 2009 | 1.93 | = | 4,275) | ÷ | 2,210) |
| Dec 27, 2008 | 1.07 | = | 2,379) | ÷ | 2,226) |
| Dec 29, 2007 | 1.45 | = | 3,816) | ÷ | 2,625) |
| Dec 31, 2006 | 1.39 | = | 3,963) | ÷ | 2,852) |
| Dec 25, 2005 | 1.95 | = | 3,559) | ÷ | 1,822) |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-25).
1 US$ in millions
The financial data demonstrates notable fluctuations in the company's liquidity position over the analyzed period. Current assets and current liabilities both exhibit varying trends, impacting the current ratio accordingly.
- Current Assets
- Starting at $3,559 million in 2005, current assets showed some volatility in the early years, declining to a low of $2,265 million in 2012. From 2013 onwards, a consistent upward trend is observed, with assets nearly doubling by 2020 and reaching $19,049 million by the end of 2024. This sustained growth post-2012 indicates enhanced liquidity and asset accumulation over recent years.
- Current Liabilities
- Current liabilities also fluctuated throughout the period. Initial growth from $1,822 million in 2005 to peaks around 2,852 million in 2006 was followed by declines and intermittent rises. Notably, liabilities increased substantially from 2016 onward, accelerating from $2,417 million to $7,281 million in 2024, indicating higher short-term obligations while still remaining proportionately lower relative to assets.
- Current Ratio
- The current ratio mirrored these changes, falling from a strong 1.95 in 2005 to a low of 1.07 in 2008, reflecting tightened liquidity during that period. Post-2009, it rebounded to values consistently above 1.5, reaching a high of 2.62 by 2024. This upward trend suggests improving capability to cover short-term liabilities with current assets, indicating an overall strengthening liquidity position.
Collectively, the data reveals that while there was significant variability in liquidity metrics during the first decade, the company's position has substantially improved over the last decade. This improvement is characterized by strong growth in current assets outpacing the rise in current liabilities, yielding a healthy current ratio consistently above 2 in recent years. The trends underscore enhanced financial stability and a solid short-term financial cushion as of the most recent periods.
Comparison to Competitors
Advanced Micro Devices Inc., current ratio, long-term trends, comparison to competitors
| Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 28, 2024 | 2.62 | 1.84 | 2.51 | 1.17 | 1.33 | 2.15 | 2.97 | 2.64 | 4.17 | 2.40 | 4.12 |
| Dec 30, 2023 | 2.51 | 1.37 | 2.60 | 2.82 | 1.54 | 2.24 | 3.16 | 4.46 | 3.52 | 2.33 | 4.55 |
| Dec 31, 2022 | 2.36 | 2.02 | 2.16 | 2.62 | 1.57 | 2.50 | 2.69 | 2.89 | 6.65 | 1.75 | 4.70 |
| Dec 25, 2021 | 2.02 | 1.94 | 2.54 | 2.64 | 2.10 | 2.71 | 3.30 | 3.10 | 4.09 | 1.68 | 5.33 |
| Dec 26, 2020 | 2.54 | 1.84 | 3.00 | 1.87 | 1.91 | 2.78 | 3.43 | 2.71 | 7.67 | 2.14 | 4.28 |
| Dec 28, 2019 | 1.95 | 1.32 | 2.30 | 1.44 | 1.40 | 2.44 | 3.61 | 2.58 | 7.94 | 1.88 | 4.13 |
| Dec 29, 2018 | 1.78 | 1.50 | 2.64 | 3.90 | 1.73 | 3.73 | 2.90 | 2.79 | 8.03 | 1.55 | 3.27 |
| Dec 30, 2017 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 3.10 | 2.34 | 4.77 | 4.00 | 3.87 |
| Dec 31, 2016 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 3.81 | 1.96 | 2.57 | 3.14 | 3.29 |
| Dec 26, 2015 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.38 | 2.20 | 6.38 | 3.62 | 2.77 |
| Dec 27, 2014 | 1.90 | 5.38 | 2.47 | 3.77 | 1.73 | 5.12 | 3.02 | 2.13 | 5.95 | 3.73 | 2.92 |
| Dec 28, 2013 | 1.78 | 9.59 | 2.31 | 4.30 | 2.36 | 5.05 | 2.70 | 2.16 | 4.89 | 3.75 | 2.92 |
| Dec 29, 2012 | 1.62 | 8.94 | 2.25 | 4.89 | 2.43 | 4.83 | 3.09 | 2.57 | 4.20 | 2.95 | 2.40 |
| Dec 31, 2011 | 1.82 | 8.35 | 3.71 | 3.98 | 2.15 | 4.17 | 4.79 | 2.35 | 3.42 | 2.70 | 2.24 |
| Dec 25, 2010 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 3.14 | 2.34 | 3.16 | 2.22 | 3.56 |
| Dec 26, 2009 | 1.93 | 6.44 | 2.93 | 1.36 | 2.79 | 4.25 | 3.51 | 1.77 | 2.78 | 4.47 | 3.85 |
| Dec 27, 2008 | 1.07 | 3.67 | 2.26 | — | 2.54 | 3.19 | 3.01 | 2.36 | 2.99 | 5.12 | 3.78 |
| Dec 29, 2007 | 1.45 | 3.61 | 2.78 | — | 2.79 | 3.03 | 2.11 | 2.58 | 3.18 | 3.91 | 3.42 |
| Dec 31, 2006 | 1.39 | 6.13 | 2.50 | — | 2.15 | 3.53 | 3.01 | 3.07 | 3.53 | 4.96 | 3.78 |
| Dec 25, 2005 | 1.95 | 4.56 | 5.35 | — | 2.30 | 3.44 | 3.28 | 2.99 | 3.10 | 7.28 | 3.92 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-25).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Advanced Micro Devices Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Advanced Micro Devices Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 28, 2024 | 2.62 | 2.14 |
| Dec 30, 2023 | 2.51 | 2.45 |
| Dec 31, 2022 | 2.36 | 2.34 |
| Dec 25, 2021 | 2.02 | 2.47 |
| Dec 26, 2020 | 2.54 | 2.47 |
| Dec 28, 2019 | 1.95 | 2.04 |
| Dec 29, 2018 | 1.78 | 2.31 |
| Dec 30, 2017 | 1.76 | 2.90 |
| Dec 31, 2016 | 1.88 | 2.38 |
| Dec 26, 2015 | 1.65 | 2.82 |
| Dec 27, 2014 | 1.90 | 2.58 |
| Dec 28, 2013 | 1.78 | 2.87 |
| Dec 29, 2012 | 1.62 | 2.76 |
| Dec 31, 2011 | 1.82 | 2.67 |
| Dec 25, 2010 | 2.15 | 2.89 |
| Dec 26, 2009 | 1.93 | 3.00 |
| Dec 27, 2008 | 1.07 | 2.79 |
| Dec 29, 2007 | 1.45 | 2.80 |
| Dec 31, 2006 | 1.39 | 2.71 |
| Dec 25, 2005 | 1.95 | 3.22 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-25).
Comparison to Industry (Information Technology)
Advanced Micro Devices Inc., current ratio, long-term trends, comparison to industry (information technology)
| Advanced Micro Devices Inc. | Information Technology | |
|---|---|---|
| Dec 28, 2024 | 2.62 | 1.24 |
| Dec 30, 2023 | 2.51 | 1.41 |
| Dec 31, 2022 | 2.36 | 1.37 |
| Dec 25, 2021 | 2.02 | 1.55 |
| Dec 26, 2020 | 2.54 | 1.71 |
| Dec 28, 2019 | 1.95 | 1.66 |
| Dec 29, 2018 | 1.78 | 1.88 |
| Dec 30, 2017 | 1.76 | 2.04 |
| Dec 31, 2016 | 1.88 | 2.01 |
| Dec 26, 2015 | 1.65 | 2.03 |
| Dec 27, 2014 | 1.90 | 1.97 |
| Dec 28, 2013 | 1.78 | 2.20 |
| Dec 29, 2012 | 1.62 | 2.07 |
| Dec 31, 2011 | 1.82 | 2.11 |
| Dec 25, 2010 | 2.15 | 2.01 |
| Dec 26, 2009 | 1.93 | 2.03 |
| Dec 27, 2008 | 1.07 | 1.80 |
| Dec 29, 2007 | 1.45 | 1.78 |
| Dec 31, 2006 | 1.39 | 1.85 |
| Dec 25, 2005 | 1.95 | 2.01 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-25).