TTM Technologies Inc (TTMI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 503,932 | 469,500 | 446,247 | 440,388 | 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 | 663,285 | 694,668 | 361,992 |
| Short-term investments | US$ in thousands | — | — | 3,876 | 4,580 | 3,253 | 4,434 | 4,300 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.62 | 0.62 | 0.63 | 0.66 | 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 | 0.84 | 0.58 | 0.40 |
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 of TTM Technologies Inc has shown fluctuations over the past few years, ranging from a low of 0.37 to a high of 1.06. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The quick ratio improved steadily from March 31, 2020, to March 31, 2021, indicating an enhanced ability to cover its immediate liabilities. However, the ratio dipped in the following quarters, showing some volatility but generally staying above 0.60, which indicates a somewhat healthy liquidity position.
Overall, TTM Technologies Inc's quick ratio has displayed a somewhat unstable trend, suggesting that the company may have experienced fluctuations in its short-term liquidity position. It is essential for investors and analysts to monitor the quick ratio over time to assess the company's ability to manage its short-term obligations efficiently.
Peer comparison
Dec 31, 2024