Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Advanced Micro Devices Inc., liquidity ratios

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Current ratio 2.02 2.54 1.95 1.78 1.76
Quick ratio 1.49 1.81 1.43 1.23 1.09
Cash ratio 0.85 0.95 0.64 0.58 0.80

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Advanced Micro Devices Inc. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Advanced Micro Devices Inc. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Advanced Micro Devices Inc. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Current Ratio

Advanced Micro Devices Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Current assets 8,583  6,143  4,597  3,540  2,622 
Current liabilities 4,240  2,417  2,359  1,984  1,486 
Liquidity Ratio
Current ratio1 2.02 2.54 1.95 1.78 1.76
Benchmarks
Current Ratio, Competitors2
Analog Devices Inc. 1.94 1.84 1.32 1.50 1.47
Applied Materials Inc. 2.54 3.00 2.30 2.64 3.14
Broadcom Inc. 2.64 1.87 1.44 3.90 6.26
First Solar Inc. 4.39 3.56 2.73 4.57 5.89
Intel Corp. 2.10 1.91 1.40 1.73 1.69
KLA Corp. 2.71 2.78 2.44 3.73 3.40
Lam Research Corp. 3.30 3.43 3.61 2.90 3.10
Micron Technology Inc. 3.10 2.71 2.58 2.79 2.34
NVIDIA Corp. 4.09 7.67 7.94 8.03 4.77
NXP Semiconductors N.V. 2.13 2.14 1.82 1.54 2.22
ON Semiconductor Corp. 2.45 1.90 1.66 2.16 2.08
Qualcomm Inc. 1.68 2.14 1.88 1.55 4.00
Texas Instruments Inc. 5.33 4.28 4.13 3.27 3.87
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.47 2.46 2.04 2.29 2.89
Current Ratio, Industry
Information Technology 1.61 1.80 1.73 1.82 2.00

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,583 ÷ 4,240 = 2.02

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Advanced Micro Devices Inc. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Quick Ratio

Advanced Micro Devices Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,535  1,595  1,466  1,078  1,185 
Short-term investments 1,073  695  37  78  — 
Accounts receivable, net 2,706  2,066  1,859  1,235  400 
Receivables from related parties 10  20  52  33 
Total quick assets 6,316  4,366  3,382  2,443  1,618 
 
Current liabilities 4,240  2,417  2,359  1,984  1,486 
Liquidity Ratio
Quick ratio1 1.49 1.81 1.43 1.23 1.09
Benchmarks
Quick Ratio, Competitors2
Analog Devices Inc. 1.24 1.31 0.85 1.04 1.09
Applied Materials Inc. 1.64 1.95 1.38 1.62 2.34
Broadcom Inc. 2.27 1.56 1.21 3.26 5.40
First Solar Inc. 3.14 2.41 2.14 3.71 5.22
Intel Corp. 1.38 1.24 0.93 1.11 1.13
KLA Corp. 1.81 1.82 1.54 2.90 2.77
Lam Research Corp. 2.48 2.78 2.90 2.26 2.62
Micron Technology Inc. 2.17 1.82 1.74 2.13 1.72
NVIDIA Corp. 3.56 7.04 6.66 7.26 4.26
NXP Semiconductors N.V. 1.53 1.51 0.96 1.06 1.63
ON Semiconductor Corp. 1.40 1.05 0.88 1.19 1.17
Qualcomm Inc. 1.34 1.75 1.65 1.33 3.75
Texas Instruments Inc. 4.45 3.34 3.04 2.20 2.55
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.80 1.79 1.48 1.69 2.31
Quick Ratio, Industry
Information Technology 1.37 1.57 1.52 1.62 1.80

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,316 ÷ 4,240 = 1.49

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Advanced Micro Devices Inc. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Cash Ratio

Advanced Micro Devices Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,535  1,595  1,466  1,078  1,185 
Short-term investments 1,073  695  37  78  — 
Total cash assets 3,608  2,290  1,503  1,156  1,185 
 
Current liabilities 4,240  2,417  2,359  1,984  1,486 
Liquidity Ratio
Cash ratio1 0.85 0.95 0.64 0.58 0.80
Benchmarks
Cash Ratio, Competitors2
Analog Devices Inc. 0.71 0.77 0.43 0.58 0.66
Applied Materials Inc. 0.86 1.29 0.81 0.99 1.77
Broadcom Inc. 1.94 1.20 0.73 1.84 4.43
First Solar Inc. 2.51 2.06 1.64 3.01 4.60
Intel Corp. 1.03 0.97 0.59 0.70 0.80
KLA Corp. 1.19 1.17 0.98 2.36 2.33
Lam Research Corp. 1.62 2.12 2.29 1.57 2.05
Micron Technology Inc. 1.34 1.23 1.24 1.18 1.02
NVIDIA Corp. 2.95 6.11 5.58 6.16 3.80
NXP Semiconductors N.V. 1.15 1.13 0.58 0.82 1.31
ON Semiconductor Corp. 0.88 0.65 0.49 0.73 0.67
Qualcomm Inc. 1.04 1.29 1.37 1.08 3.42
Texas Instruments Inc. 3.79 2.75 2.54 1.71 1.98
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.31 1.34 1.04 1.16 1.86
Cash Ratio, Industry
Information Technology 0.98 1.20 1.11 1.17 1.39

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,608 ÷ 4,240 = 0.85

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Advanced Micro Devices Inc. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.