TTM Technologies Inc (TTMI)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 450,208 | 402,749 | 537,678 | 451,565 | 379,818 |
| Short-term investments | US$ in thousands | — | — | — | — | 20,336 |
| Total current liabilities | US$ in thousands | 703,984 | 761,325 | 558,148 | 518,046 | 946,666 |
| Cash ratio | 0.64 | 0.53 | 0.96 | 0.87 | 0.42 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($450,208K
+ $—K)
÷ $703,984K
= 0.64
The cash ratio of TTM Technologies Inc has shown fluctuations over the past five years. In 2021, the company's cash ratio was high at 0.96, indicating that it had a sufficient amount of cash to cover its short-term liabilities. This was a positive sign of liquidity for the company.
However, in 2019, the cash ratio was relatively low at 0.42, suggesting that TTM Technologies Inc had a lower amount of cash on hand compared to its short-term obligations. This could indicate potential liquidity challenges for the company during that period.
Overall, it is important for TTM Technologies Inc to maintain a healthy cash ratio to ensure its ability to meet short-term obligations and cover unexpected expenses. The company should continue to monitor its liquidity position and aim to strike a balance between holding an adequate amount of cash and investing in growth opportunities.
Peer comparison
Dec 31, 2023