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 | ||
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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.
Peer comparison
Dec 31, 2024