Teledyne Technologies Incorporated (TDY)

Quick 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	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	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
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

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 experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio started low at 0.30 on March 31, 2020, indicating a relatively weak level of liquidity, but improved steadily reaching 0.88 by December 31, 2020 which suggested a better ability to cover short-term obligations with liquid assets.

There was a significant spike in the quick ratio to 4.96 on March 31, 2021, which may indicate either a considerable increase in liquid assets or a decrease in current liabilities. This spike was followed by fluctuations and a downward trend observed over the subsequent quarters.

From March 31, 2021, to December 31, 2024, the quick ratio fluctuated within a range from 0.20 to 0.52. The lowest point was reached on March 31, 2022, showing a possible liquidity strain. However, there was a slight recovery in the quick ratio over the following quarters.

Overall, the company's quick ratio reflects varying levels of liquidity over the period, suggesting changes in the company's ability to meet its short-term obligations with its highly liquid assets. The management should continue to monitor liquidity closely to ensure the company can meet its short-term financial obligations effectively.