Teledyne Technologies Incorporated (TDY)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	649,800	648,300	638,100	474,700	673,100
Short-term investments	US$ in thousands	—	—	700	—	—
Total current liabilities	US$ in thousands	1,261,600	1,766,100	1,523,400	1,483,700	760,900
Cash ratio		0.52	0.37	0.42	0.32	0.88

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($649,800K + $—K) ÷ $1,261,600K
= 0.52

The cash ratio for Teledyne Technologies Incorporated has shown fluctuations over the years. It decreased from 0.88 as of December 31, 2020, to 0.32 as of December 31, 2021, indicating a significant reduction in the company's ability to meet its short-term obligations solely with cash and cash equivalents.

However, there was a slight improvement in the cash ratio to 0.42 as of December 31, 2022, suggesting a partially better liquidity position compared to the previous year. This indicates that the company may have increased its cash reserves relative to its current liabilities.

As of December 31, 2023, the cash ratio decreased to 0.37, which may indicate a slight decline in the company's ability to cover its short-term obligations with its readily available cash resources.

By December 31, 2024, the cash ratio improved to 0.52, showing a positive trend in the company's liquidity position. This suggests that Teledyne Technologies Incorporated has increased its cash holdings relative to its short-term liabilities, indicating a stronger capacity to meet its immediate financial obligations.

Overall, the fluctuation in the cash ratio of Teledyne Technologies Incorporated over the years indicates varying levels of liquidity and ability to meet short-term obligations using cash and cash equivalents.