TTM Technologies Inc (TTMI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,606,740 | 1,429,690 | 1,493,060 | 1,407,410 | 1,221,580 |
| Total current liabilities | US$ in thousands | 809,054 | 703,984 | 761,325 | 558,148 | 518,046 |
| Current ratio | 1.99 | 2.03 | 1.96 | 2.52 | 2.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,606,740K ÷ $809,054K
= 1.99
The current ratio for TTM Technologies Inc has shown a generally positive trend over the past five years, starting at 2.36 in 2020 and reaching a peak of 2.52 in 2021 before experiencing a slight decline to 1.96 in 2022. However, the ratio improved in the following years, with 2.03 in 2023 and 1.99 in 2024.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests a healthy financial position in terms of liquidity. TTM Technologies Inc has consistently maintained a current ratio above 1 throughout the period, indicating its ability to cover its short-term obligations.
Although the current ratio experienced some fluctuations, it generally remained at levels that indicate the company's ability to meet its short-term financial obligations without significant liquidity concerns. It is important for investors and creditors to monitor future trends in the current ratio to assess TTM Technologies Inc's ongoing liquidity position.
Peer comparison
Dec 31, 2024