TTM Technologies Inc (TTMI)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,563,820 1,511,040 1,535,580 1,455,420 1,444,010
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,563,820K)
= 0.00

The debt-to-capital ratio of TTM Technologies Inc has consistently been recorded as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has had no debt in relation to its capital structure over this period. A debt-to-capital ratio of 0.00 typically suggests that the company is financing its operations primarily through equity rather than debt, which may signify a lower financial risk. However, it is important to consider other factors such as the company's industry norms and business strategy when evaluating the significance of this ratio.