TTM Technologies Inc (TTMI)

Current 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
Total current assets	US$ in thousands	1,429,690	1,353,240	1,336,050	1,378,100	1,493,060	1,439,230	1,380,880	1,434,180	1,407,410	1,423,350	1,404,520	1,332,640	1,248,760	1,486,180	1,871,910	1,751,790	1,342,680	1,277,840	1,189,690	1,169,550
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
Current ratio		2.03	1.97	2.22	2.20	1.96	1.94	1.91	2.45	2.52	2.51	2.53	2.62	2.41	1.89	1.56	1.94	1.42	1.92	1.91	1.92

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,429,690K ÷ $703,984K
= 2.03

TTM Technologies Inc's current ratio has shown fluctuations over the periods provided. The current ratio, which indicates a company's ability to cover its short-term liabilities with its current assets, stood at 2.03 as of December 31, 2023. This suggests that the company had $2.03 in current assets for every $1 in current liabilities.

The current ratio has generally been above 1 in all periods, indicating that the company had more than enough current assets to cover its short-term obligations. The ratio peaked at 2.62 on March 31, 2022, indicating a strong liquidity position at that time.

While the current ratio has fluctuated, staying above 1 signifies that TTM Technologies Inc has been able to meet its short-term obligations as they came due across the periods provided. It is important to note that a current ratio of above 2 may suggest an excess of idle assets that could be invested more efficiently to generate higher returns. On the other hand, a ratio below 1 would indicate that the company may have difficulties meeting its short-term obligations.

Overall, the trend in TTM Technologies Inc's current ratio indicates a generally healthy liquidity position throughout the periods analyzed.