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Capital management
12 Months Ended
Dec. 31, 2021
Capital management  
Capital management

Note 25. Capital management

Through clear understanding and managing of significant changes in external environment, related industry characteristics, and corporate growth plan, the Company manages its capital structure in a manner to ensure it has sufficient financial resources to fund its working capital needs, capital expenditures, research and development activities, dividend payments and other business requirements associated with its existing operations over the next 12 months.

There were no changes in the Company’s approach to capital management during the year ended December 31, 2021. Neither the Company nor its subsidiaries are subject to externally imposed capital managements.

December 31, 

December 31, 

    

2020

    

2021

(in thousands)

Total liabilities

$

424,619

 

731,212

Less: cash and cash equivalents

 

184,938

 

336,024

$

239,681

 

395,188

Equity attributable to owners of Himax Technologies, Inc.

$

480,176

 

869,724