TTM Technologies Inc (TTMI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,472,490 | 3,323,660 | 3,323,600 | 3,025,550 | 2,895,940 |
| Total stockholders’ equity | US$ in thousands | 1,563,820 | 1,511,040 | 1,535,580 | 1,455,420 | 1,444,010 |
| Financial leverage ratio | 2.22 | 2.20 | 2.16 | 2.08 | 2.01 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,472,490K ÷ $1,563,820K
= 2.22
The financial leverage ratio of TTM Technologies Inc has been showing a gradual increase over the past five years, starting at 2.01 in December 31, 2020, and reaching 2.22 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations and growth has been growing steadily over the period. A higher financial leverage ratio suggests a higher degree of financial risk, as the company may have to meet higher interest payments and principal repayments on its debt obligations. Investors and creditors may closely monitor this trend to assess the company's ability to manage its debt levels effectively and maintain financial stability in the long term.
Peer comparison
Dec 31, 2024