Teledyne Technologies Incorporated (TDY)

Cash 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
Cash and cash equivalents	US$ in thousands	648,300	508,600	364,200	665,200	638,100	479,300	278,800	284,300	474,700	551,800	695,100	3,234	673,100	454,500	382,800	231,400	199,500	128,500	108,100	106,200
Short-term investments	US$ in thousands	—	—	—	—	700	1,300	1,200	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,766,100	1,682,100	1,633,500	1,488,000	1,523,400	1,418,500	1,403,000	1,408,300	1,498,400	1,421,800	1,053,300	652,400	760,900	671,200	752,200	759,600	763,200	835,500	711,000	723,700
Cash ratio		0.37	0.30	0.22	0.45	0.42	0.34	0.20	0.20	0.32	0.39	0.66	0.00	0.88	0.68	0.51	0.30	0.26	0.15	0.15	0.15

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($648,300K + $—K) ÷ $1,766,100K
= 0.37

The cash ratio of Teledyne Technologies Inc has displayed variability over the past 8 quarters. The ratio, calculated by dividing cash and cash equivalents by current liabilities, ranged from a low of 0.28 in Q2 2022 to a high of 0.54 in Q1 2023. The company's ability to cover its short-term obligations with cash on hand improved in Q1 2023 compared to the previous quarter, indicating a stronger liquidity position. However, this ratio dipped in Q2 and Q3 2023 before rebounding in Q4 2023 to 0.49. Overall, the cash ratio fluctuated within a range, suggesting that Teledyne Technologies Inc has managed its liquidity position reasonably well during the analyzed period.