Teledyne Technologies Incorporated (TDY)

Current 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
Total current assets	US$ in thousands	2,981,400	2,820,500	2,640,700	2,882,400	2,817,900	2,519,400	2,337,400	2,337,400	2,429,400	2,534,900	2,650,900	4,280,600	1,722,600	1,535,100	1,483,800	1,363,800	1,313,700	1,238,100	1,161,000	1,117,500
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
Current ratio		1.69	1.68	1.62	1.94	1.85	1.78	1.67	1.66	1.62	1.78	2.52	6.56	2.26	2.29	1.97	1.80	1.72	1.48	1.63	1.54

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 eight quarters, ranging from 1.62 to 1.94. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

In Q4 2023, the current ratio was 1.69, which indicates that the company had $1.69 in current assets for every $1 in current liabilities. This ratio remained relatively stable compared to the previous quarter.

The highest current ratio during this period was observed in Q1 2023 at 1.94, suggesting that the company had a strong ability to cover its short-term obligations with its current assets.

On the other hand, the lowest current ratio was in Q2 2023 at 1.62, which may imply potential liquidity concerns or difficulties in meeting short-term obligations.

Overall, the current ratio of Teledyne Technologies Inc has been fluctuating within a certain range, indicating some variability in the company's liquidity position over the analyzed period. Further analysis of trends and underlying factors influencing the current ratio would be beneficial to assess the company's short-term liquidity risk and financial health.