TTM Technologies Inc (TTMI)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	503,932	469,500	446,247	440,388	450,208	408,331	398,716	417,452	402,749	335,625	266,546	519,079	537,678	529,816	558,291	539,648	451,565	663,285	694,668	361,992
Short-term investments	US$ in thousands	—	—	3,876	4,580	3,253	4,434	4,300	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	809,054	763,250	712,100	671,207	703,984	688,286	602,384	627,751	761,325	742,890	722,309	586,566	558,148	567,442	554,750	509,154	518,046	787,322	1,197,460	904,363
Cash ratio		0.62	0.62	0.63	0.66	0.64	0.60	0.67	0.66	0.53	0.45	0.37	0.88	0.96	0.93	1.01	1.06	0.87	0.84	0.58	0.40

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 fluctuations over the past few years, ranging from a low of 0.37 on June 30, 2022, to a high of 1.06 on March 31, 2021. The cash ratio measures the company's ability to cover its short-term debt obligations with its available cash and cash equivalents.

An increasing trend in the cash ratio indicates that the company has been improving its liquidity position, which is positive for its financial health. However, it is noteworthy that the ratio dipped significantly on June 30, 2022, indicating a potential decrease in the company's ability to meet its short-term obligations with its existing cash reserves at that point in time.

Overall, the cash ratio of TTM Technologies Inc has demonstrated variability, suggesting that the company may need to closely monitor and manage its cash position to ensure it can efficiently cover its short-term liabilities in the future.