TTM Technologies Inc (TTMI)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 503,932 450,208 402,749 537,678 451,565
Short-term investments US$ in thousands 3,253
Receivables US$ in thousands
Total current liabilities US$ in thousands 809,054 703,984 761,325 558,148 518,046
Quick ratio 0.62 0.64 0.53 0.96 0.87

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($503,932K + $—K + $—K) ÷ $809,054K
= 0.62

The quick ratio, or acid-test ratio, is a measure of a company's ability to meet its short-term obligations with its most liquid assets.

For TTM Technologies Inc, the quick ratio has shown some fluctuations over the years:
- As of December 31, 2020, the quick ratio was 0.87, indicating that the company may have had difficulty meeting its short-term obligations with its most liquid assets at that time.
- By December 31, 2021, the quick ratio improved slightly to 0.96, suggesting a better ability to cover short-term obligations with liquid assets.
- However, by December 31, 2022, the quick ratio decreased significantly to 0.53, raising concerns about the company's liquidity position.
- There was a slight improvement by December 31, 2023, with the quick ratio at 0.64, but it still remained below the ideal ratio of 1.
- In the most recent period ending December 31, 2024, the quick ratio stood at 0.62, indicating a continued challenge in meeting short-term obligations with liquid assets.

Overall, TTM Technologies Inc's quick ratio has shown some variability, with fluctuations suggesting potential changes in the company's liquidity position over the years. Monitoring this ratio closely can provide valuable insights into the company's short-term financial health and ability to weather economic uncertainties.