TTM Technologies Inc (TTMI)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	914,336	864,824	864,413	879,993	879,407	929,004	928,605	928,210	927,818	926,922	926,523	926,128	842,853	840,023	832,834	1,229,370	1,225,960	1,472,580	1,469,270	1,466,010
Total stockholders’ equity	US$ in thousands	1,511,040	1,501,110	1,544,310	1,527,730	1,535,580	1,522,470	1,474,080	1,447,830	1,455,420	1,466,590	1,470,370	1,442,470	1,444,010	1,399,300	1,433,960	1,277,200	1,279,040	1,247,350	1,229,080	1,226,860
Debt-to-capital ratio		0.38	0.37	0.36	0.37	0.36	0.38	0.39	0.39	0.39	0.39	0.39	0.39	0.37	0.38	0.37	0.49	0.49	0.54	0.54	0.54

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $914,336K ÷ ($914,336K + $1,511,040K)
= 0.38

The debt-to-capital ratio of TTM Technologies Inc has shown fluctuations over the past 20 quarters, ranging from 0.36 to 0.54. The ratio indicates the proportion of the company's capital that is financed through debt. TTM Technologies Inc's debt-to-capital ratio has generally stayed within the range of 0.36 to 0.39 for most quarters, suggesting a relatively stable capital structure with a moderate reliance on debt financing. However, there were outlier quarters where the ratio spiked notably to 0.49 and 0.54, indicating potential changes in the company's debt levels or capital structure during those periods. Investors and analysts may want to monitor these fluctuations closely to assess the company's overall financial health and risk profile.