TTM Technologies Inc (TTMI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,472,490 | 3,323,660 | 3,323,600 | 3,025,550 | 2,895,940 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,472,490K
= 0.00
TTM Technologies Inc has consistently maintained a debt-to-assets ratio of 0.00 over the past five years, including as of December 31, 2024. This indicates that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that TTM Technologies Inc has either paid off all its debt or operates with very minimal debt in relation to its total assets. This can be a positive sign for investors and stakeholders as it implies lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
TTM Technologies Inc
TTMI
0.00
Benchmark Electronics Inc
BHE
0.00
CTS Corporation
CTS
0.00
Flex Ltd
FLEX
0.18
Jabil Circuit Inc
JBL
0.17
Plexus Corp
PLXS
0.06
Sanmina Corporation
SANM
0.06