TTM Technologies Inc (TTMI)

Current 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
Total current assets	US$ in thousands	1,606,740	1,524,830	1,452,630	1,406,110	1,429,690	1,316,240	1,291,510	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	1,221,580	1,486,180	1,871,910	1,751,790
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
Current ratio		1.99	2.00	2.04	2.09	2.03	1.91	2.14	2.20	1.96	1.94	1.91	2.45	2.52	2.51	2.53	2.62	2.36	1.89	1.56	1.94

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,606,740K ÷ $809,054K
= 1.99

TTM Technologies Inc's current ratio has shown variations over the past few years, ranging from a low of 1.56 to a high of 2.62. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates that the company has more than enough current assets to cover its current liabilities.

The current ratio has generally been above 2, indicating that TTM Technologies Inc has had a comfortable level of liquidity to meet its short-term obligations. A ratio above 2 suggests that the company may have excess current assets that could potentially be utilized for other purposes such as investments or expansion.

However, there have been a few quarters where the current ratio dipped below 2, which could be a sign of potential liquidity concerns or a decrease in current assets relative to current liabilities during those periods. It is important to monitor the trend of the current ratio over time to assess the company's liquidity position and financial health.