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 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Current ratio 2.51 2.36 2.02 2.54 1.95
Quick ratio 1.67 1.57 1.49 1.81 1.43
Cash ratio 0.86 0.92 0.85 0.95 0.64

Based on: 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).

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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Current Ratio

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

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Current assets 16,768 15,019 8,583 6,143 4,597
Current liabilities 6,689 6,369 4,240 2,417 2,359
Liquidity Ratio
Current ratio1 2.51 2.36 2.02 2.54 1.95
Benchmarks
Current Ratio, Competitors2
Analog Devices Inc. 1.37 2.02 1.94 1.84 1.32
Applied Materials Inc. 2.60 2.16 2.54 3.00 2.30
Broadcom Inc. 2.82 2.62 2.64 1.87 1.44
Enphase Energy Inc. 4.59 3.55 3.33 1.75 2.51
Intel Corp. 1.54 1.57 2.10 1.91 1.40
KLA Corp. 2.24 2.50 2.71 2.78 2.44
Lam Research Corp. 3.16 2.69 3.30 3.43 3.61
Micron Technology Inc. 4.46 2.89 3.10 2.71 2.58
NVIDIA Corp. 3.52 6.65 4.09 7.67 7.94
ON Semiconductor Corp. 2.71 2.78 2.45 1.90 1.66
Qualcomm Inc. 2.33 1.75 1.68 2.14 1.88
Texas Instruments Inc. 4.55 4.70 5.33 4.28 4.13
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.47 2.36 2.47 2.45 2.03
Current Ratio, Industry
Information Technology 1.46 1.44 1.64 1.85 1.77

Based on: 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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 16,768 ÷ 6,689 = 2.51

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 2021 to 2022 and from 2022 to 2023.

Quick Ratio

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

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,933 4,835 2,535 1,595 1,466
Short-term investments 1,840 1,020 1,073 695 37
Accounts receivable, net 5,376 4,126 2,706 2,066 1,859
Receivables from related parties 9 2 2 10 20
Total quick assets 11,158 9,983 6,316 4,366 3,382
 
Current liabilities 6,689 6,369 4,240 2,417 2,359
Liquidity Ratio
Quick ratio1 1.67 1.57 1.49 1.81 1.43
Benchmarks
Quick Ratio, Competitors2
Analog Devices Inc. 0.76 1.34 1.24 1.31 0.85
Applied Materials Inc. 1.63 1.17 1.64 1.95 1.38
Broadcom Inc. 2.34 2.18 2.27 1.56 1.21
Enphase Energy Inc. 4.02 3.22 3.07 1.61 2.22
Intel Corp. 1.01 1.01 1.38 1.24 0.93
KLA Corp. 1.33 1.57 1.81 1.82 1.54
Lam Research Corp. 1.96 1.75 2.48 2.78 2.90
Micron Technology Inc. 2.53 1.92 2.17 1.82 1.74
NVIDIA Corp. 2.61 5.96 3.56 7.04 6.66
ON Semiconductor Corp. 1.57 1.82 1.40 1.05 0.88
Qualcomm Inc. 1.51 1.01 1.34 1.75 1.65
Texas Instruments Inc. 3.12 3.67 4.45 3.34 3.04
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.65 1.64 1.81 1.79 1.49
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.60 1.55

Based on: 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).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 11,158 ÷ 6,689 = 1.67

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 2021 to 2022 and from 2022 to 2023.

Cash Ratio

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

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,933 4,835 2,535 1,595 1,466
Short-term investments 1,840 1,020 1,073 695 37
Total cash assets 5,773 5,855 3,608 2,290 1,503
 
Current liabilities 6,689 6,369 4,240 2,417 2,359
Liquidity Ratio
Cash ratio1 0.86 0.92 0.85 0.95 0.64
Benchmarks
Cash Ratio, Competitors2
Analog Devices Inc. 0.30 0.60 0.71 0.77 0.43
Applied Materials Inc. 0.93 0.35 0.86 1.29 0.81
Broadcom Inc. 1.92 1.76 1.94 1.20 0.73
Enphase Energy Inc. 3.18 2.53 2.31 1.27 1.49
Intel Corp. 0.89 0.88 1.03 0.97 0.59
KLA Corp. 0.87 0.94 1.19 1.17 0.98
Lam Research Corp. 1.28 0.80 1.62 2.12 2.29
Micron Technology Inc. 2.01 1.24 1.34 1.23 1.24
NVIDIA Corp. 2.03 4.89 2.95 6.11 5.58
ON Semiconductor Corp. 1.14 1.42 0.88 0.65 0.49
Qualcomm Inc. 1.18 0.54 1.04 1.29 1.37
Texas Instruments Inc. 2.58 3.04 3.79 2.75 2.54
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.24 1.17 1.31 1.33 1.05
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.19 1.11

Based on: 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).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,773 ÷ 6,689 = 0.86

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 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.