TTM Technologies Inc (TTMI)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.22 | 2.20 | 2.16 | 2.08 | 2.01 |
TTM Technologies Inc's solvency ratios indicate a consistently low level of debt relative to its assets, capital, and equity over the period from December 31, 2020, to December 31, 2024.
- The Debt-to-assets ratio remained at 0.00 throughout the five-year period, indicating that the company's total debt was effectively negligible compared to its total assets.
- Similarly, the Debt-to-capital ratio and Debt-to-equity ratio also remained at 0.00 across the period, suggesting that the company's reliance on debt to finance its operations was minimal in relation to both its total capital and equity.
- The Financial leverage ratio increased gradually from 2.01 in 2020 to 2.22 in 2024, indicating that the company's reliance on debt to finance its operations slightly increased over the five years. However, the ratio still remains relatively low, indicating that TTM Technologies Inc has maintained a conservative approach to leveraging debt.
Overall, these solvency ratios suggest that TTM Technologies Inc has managed its debt levels prudently, with a low level of financial risk and a strong financial position throughout the period under review.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 2.77 | 0.94 | 3.83 | 2.29 | 0.25 |
The interest coverage ratio for TTM Technologies Inc has shown fluctuations over the years based on the provided data. As of December 31, 2020, the interest coverage ratio was relatively low at 0.25, indicating a potential challenge in meeting interest payment obligations.
However, there has been a significant improvement in the company's ability to cover interest expenses in the ensuing years. By December 31, 2021, the interest coverage ratio increased to 2.29, suggesting a more favorable position in meeting interest payments from operating earnings.
Further progress was noted by December 31, 2022, with the interest coverage ratio reaching 3.83, indicating a stronger ability to fulfill interest obligations from operating profits. The company's financial health in terms of managing interest costs continued to be relatively healthy.
The ratio experienced a slight decline by December 31, 2023, dropping to 0.94. This decrease could raise concerns about the company's ability to cover interest expenses using its operational earnings effectively.
However, by December 31, 2024, there was a recovery in the interest coverage ratio to 2.77, signifying an improved position compared to the previous year but still slightly lower than the peak in 2022.
In conclusion, TTM Technologies Inc's interest coverage ratio has exhibited varying trends over the years, reflecting changes in the company's ability to meet interest payment obligations from its operating income. It is crucial for stakeholders to monitor these fluctuations to assess the company's financial stability and its capacity to service its debt.