TTM Technologies Inc (TTMI)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	413,310	694,668	361,992	379,818	316,589	284,466	235,219
Short-term investments	US$ in thousands	—	4,434	4,300	—	—	—	—	—	—	—	—	—	—	—	—	—	20,336	—	40	—
Total current liabilities	US$ in thousands	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	946,666	666,673	623,955	607,732
Cash ratio		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	0.52	0.58	0.40	0.42	0.47	0.46	0.39

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, a measure of a company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the past few quarters. The cash ratio has ranged from a low of 0.37 in Jun 30, 2022, to a high of 1.06 in Mar 31, 2021, indicating varying levels of liquidity throughout the periods analyzed.

In general, the cash ratio has shown an upward trend from the end of 2020 through the first half of 2021, peaking at 1.06 in Mar 31, 2021. This indicates a strong ability to cover short-term obligations solely with available cash on hand during that period.

However, the cash ratio started to decrease in the second half of 2021 and continued to fluctuate in 2022 and 2023, with values ranging from 0.37 to 0.96. This suggests some variability in the company's liquidity position, potentially influenced by changes in cash holdings and short-term liabilities over the analyzed periods.

Overall, while the cash ratio of TTM Technologies Inc has shown some volatility, it has generally remained above 0.5, indicating that the company has maintained a reasonable level of liquidity to cover its short-term obligations with cash and cash equivalents.