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.