Teledyne Technologies Incorporated (TDY)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,981,400	2,817,900	2,429,400	1,722,600	1,313,700
Total current liabilities	US$ in thousands	1,766,100	1,523,400	1,498,400	760,900	763,200
Current ratio		1.69	1.85	1.62	2.26	1.72

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,981,400K ÷ $1,766,100K
= 1.69

The current ratio of Teledyne Technologies Inc has shown fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 1.69, which indicates a decrease from the previous year's ratio of 1.85. The current ratio of 1.69 implies that the company's current assets are 1.69 times its current liabilities, suggesting that Teledyne Technologies may have slightly more current liabilities relative to its current assets compared to the previous year.

When compared to the ratios from the earlier years, the current ratio of Teledyne Technologies Inc was 1.62 on January 2, 2022, 2.26 on January 3, 2021, and 1.72 on December 29, 2019. The ratio peaked at 2.26 in 2021, indicating a strong ability to cover short-term obligations with current assets. However, it has since decreased to 1.69 as of 2023, signaling a possible decrease in liquidity or an increase in current liabilities.

Overall, while the current ratio can fluctuate over time, investors and stakeholders should monitor Teledyne Technologies Inc's ability to meet its short-term financial obligations to assess the company's liquidity and financial health effectively.