TTM Technologies Inc (TTMI)

Financial leverage 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
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
Total stockholders’ equity US$ in thousands 1,563,820 1,547,110 1,528,900 1,521,110 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 1,445,560 1,277,200
Financial leverage ratio 2.22 2.21 2.19 2.17 2.20 2.18 2.04 2.08 2.16 2.16 2.18 2.10 2.08 2.08 2.06 2.06 2.01 2.25 2.49 2.76

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 gradually decreasing over the period from March 31, 2020, to December 31, 2020, indicating a reduction in the company's reliance on debt to finance its operations. However, from March 31, 2021, to September 30, 2021, the ratio remained relatively stable before increasing slightly. From December 31, 2021, to June 30, 2022, there was a gradual increase in the financial leverage ratio, suggesting an uptick in the company's debt levels relative to its equity.

Subsequently, from September 30, 2022, to December 31, 2024, the financial leverage ratio fluctuated within a narrow range, indicating a balanced mix of debt and equity in the company's capital structure over this period. Overall, a financial leverage ratio above 2 implies that the company has more debt than equity financing, and investors and creditors may closely monitor this metric to assess the company's risk profile and financial stability.