Teledyne Technologies Incorporated (TDY)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	649,800	648,300	638,100	474,700	673,100
Short-term investments	US$ in thousands	—	—	700	—	—
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	1,261,600	1,766,100	1,523,400	1,483,700	760,900
Quick ratio		0.52	0.37	0.42	0.32	0.88

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($649,800K + $—K + $—K) ÷ $1,261,600K
= 0.52

The quick ratio of Teledyne Technologies Incorporated has exhibited fluctuations over the past five years. It was recorded at 0.88 as of December 31, 2020, indicating that the company had $0.88 in liquid assets available to cover each dollar of current liabilities. However, this ratio experienced a significant decline to 0.32 by December 31, 2021, suggesting a decrease in the company's ability to meet its short-term obligations using its most liquid assets.

Subsequently, there was a moderate improvement in the quick ratio to 0.42 by December 31, 2022, indicating a slight strengthening of Teledyne's liquidity position. However, by December 31, 2023, the quick ratio decreased to 0.37, signaling a potential decrease in the company's ability to meet its short-term liabilities with its current liquid assets.

The latest data as of December 31, 2024, shows a slight recovery in the quick ratio to 0.52. This uptick suggests an improvement in Teledyne Technologies Incorporated's liquidity position compared to the previous year, although it is still below the ideal quick ratio of 1. Overall, the company's quick ratio has shown variability in recent years, indicating fluctuations in its ability to cover short-term liabilities with its readily available liquid assets.