Teledyne Technologies Incorporated (TDY)

Cash 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
Cash and cash equivalents	US$ in thousands	649,800	561,000	443,200	912,400	648,300	508,600	364,200	665,200	638,100	479,300	278,800	284,300	474,700	551,800	695,100	3,234,200	673,100	454,500	382,800	231,400
Short-term investments	US$ in thousands	—	—	100	100	—	—	—	—	700	1,300	1,200	400	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,261,600	1,496,400	1,387,000	1,776,800	1,766,100	1,682,100	1,633,500	1,488,000	1,523,400	1,418,500	1,403,000	1,408,300	1,483,700	1,421,800	1,053,300	652,400	760,900	671,200	752,200	759,600
Cash ratio		0.52	0.37	0.32	0.51	0.37	0.30	0.22	0.45	0.42	0.34	0.20	0.20	0.32	0.39	0.66	4.96	0.88	0.68	0.51	0.30

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 of Teledyne Technologies Incorporated has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.

The cash ratio ranged from a low of 0.20 as of March 31, 2022, and June 30, 2022, to a high of 4.96 as of March 31, 2021. A ratio below 1 indicates that the company may have difficulty covering its short-term obligations with its current cash reserves alone.

It is important to note that having a very high cash ratio, such as the 4.96 ratio in March 31, 2021, may not always be optimal as it could suggest that the company is holding excess cash that could potentially be invested elsewhere to generate higher returns.

Overall, the trend in Teledyne Technologies' cash ratio shows variability over time, with some fluctuations indicating changes in the company's ability to cover its short-term liabilities with cash on hand.