Teledyne Technologies Incorporated (TDY)

Liquidity ratios

	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
Current ratio	2.33	2.00	1.98	1.81	1.69	1.68	1.62	1.94	1.85	1.78	1.67	1.66	1.64	1.78	2.52	6.56	2.26	2.29	1.97	1.80
Quick 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
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

Teledyne Technologies Incorporated's liquidity ratios show fluctuating trends over the period analyzed. The current ratio, which measures the firm's ability to cover short-term obligations with current assets, has varied between 1.62 and 6.56 over the past five years, with a current value of 2.33 as of December 31, 2024.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has ranged from 0.20 to 4.96 during the same period, showing significant fluctuations. As of December 31, 2024, the quick ratio stands at 0.52, indicating that the company has $0.52 in liquid assets available to cover each dollar of current liabilities.

The cash ratio, which provides the most conservative measure of liquidity by considering only cash and cash equivalents available to cover current liabilities, has also exhibited volatility, fluctuating between 0.20 and 4.96. As of December 31, 2024, the cash ratio is reported at 0.52, suggesting that the company has $0.52 in cash and equivalents for every dollar of current liabilities.

Overall, Teledyne Technologies Incorporated's liquidity ratios have displayed variability over the years, with the company generally maintaining a reasonable capacity to meet its short-term obligations. However, the fluctuating nature of these ratios highlights the importance of ongoing monitoring and management of the firm's liquidity position.

Additional liquidity measure

		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 conversion cycle	days	101.61	109.13	110.14	105.62	104.80	109.88	111.26	109.71	103.92	96.45	94.93	96.43	99.11	124.80	150.18	62.84	66.53	69.58	73.58	75.12

Teledyne Technologies Incorporated's cash conversion cycle has exhibited fluctuations over the periods provided. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash received from sales.

From March 31, 2020, to December 31, 2020, there was a downward trend in the cash conversion cycle, indicating improvements in the company's efficiency in managing its working capital. However, there was a sharp increase in the cycle from March 31, 2021, to June 30, 2021, followed by a significant decline by December 31, 2021. This fluctuation suggests potential challenges in managing inventory levels and collecting receivables during these periods.

Subsequently, from March 31, 2022, to June 30, 2024, the cash conversion cycle remained relatively stable but at a higher level compared to the earlier periods. This stability may indicate a more consistent approach to working capital management but potential inefficiencies in converting investments into cash within a reasonable timeframe.

Overall, fluctuations in the cash conversion cycle may indicate varying efficiency levels in Teledyne Technologies' inventory management, accounts receivable collection, and accounts payable payment processes. Analyzing these trends can provide insights into the company's liquidity and operational efficiency over time.