TTM Technologies Inc (TTMI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 503,932 | 450,208 | 402,749 | 537,678 | 451,565 |
| Short-term investments | US$ in thousands | — | 3,253 | — | — | — |
| Total current liabilities | US$ in thousands | 809,054 | 703,984 | 761,325 | 558,148 | 518,046 |
| Cash ratio | 0.62 | 0.64 | 0.53 | 0.96 | 0.87 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($503,932K
+ $—K)
÷ $809,054K
= 0.62
The cash ratio of TTM Technologies Inc has shown fluctuation over the past five years. Starting at 0.87 on December 31, 2020, the ratio improved to 0.96 by the end of 2021, indicating the company had sufficient cash to cover its current liabilities. However, there was a notable decline in the cash ratio to 0.53 by December 31, 2022, suggesting a potential liquidity challenge.
The ratio slightly increased to 0.64 by the end of 2023, showing some improvement in the company's ability to meet short-term obligations with its available cash. By December 31, 2024, the cash ratio decreased slightly to 0.62, indicating that TTM Technologies Inc may still be facing some liquidity constraints.
Overall, the trend in TTM Technologies Inc's cash ratio indicates fluctuations in its liquidity position over the years, with efforts needed to ensure a more stable and sufficient cash position to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024