TTM Technologies Inc (TTMI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,472,490 | 3,418,820 | 3,343,360 | 3,298,810 | 3,323,660 | 3,266,500 | 3,148,490 | 3,176,040 | 3,323,600 | 3,292,890 | 3,214,650 | 3,044,150 | 3,025,550 | 3,047,630 | 3,025,740 | 2,965,830 | 2,895,940 | 3,148,410 | 3,594,670 | 3,524,120 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of TTM Technologies Inc remained consistently at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not used any debt to finance its assets during this period. This could suggest that the company has been relying on equity financing or other means to fund its operations and investments instead of taking on debt. A low or zero debt-to-assets ratio can be viewed positively by investors and creditors as it indicates a lower level of financial risk and potential for financial distress. It may also indicate that the company has a strong balance sheet and that it may have more financial flexibility in managing its capital structure.
Peer comparison
Dec 31, 2024