Teledyne Technologies Incorporated (TDY)

Quick 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
Cash	US$ in thousands	648,300	508,600	364,200	665,200	638,100	479,300	278,800	284,300	474,700	551,800	695,100	3,234	673,100	454,500	382,800	231,400	199,500	128,500	108,100	106,200
Short-term investments	US$ in thousands	—	—	—	—	700	1,300	1,200	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	1,202,100	1,194,900	1,164,800	—	1,158,400	—	—	—	1,083,800	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		1.05	1.01	0.94	0.45	1.18	0.34	0.20	0.20	1.04	0.39	0.66	0.00	0.88	0.68	0.51	0.30	0.26	0.15	0.15	0.15

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($648,300K + $—K + $1,202,100K) ÷ $1,766,100K
= 1.05

The quick ratio of Teledyne Technologies Inc has shown some fluctuations over the past eight quarters, ranging from 1.02 to 1.30. In general, a quick ratio above 1 indicates that the company's current assets, excluding inventory, are sufficient to cover its current liabilities.

In Q4 2023, the quick ratio was 1.17, showing a slight improvement from the previous quarter. This signifies that the company had $1.17 in liquid assets available to cover each dollar of current liabilities.

In comparison to the same quarter in the previous year (Q4 2022), the quick ratio has increased from 1.27 to 1.17. This could indicate better liquidity management or a reduction in short-term obligations relative to liquid assets.

Overall, the trend in the quick ratio suggests that Teledyne Technologies Inc has maintained a relatively stable liquidity position over the past two years, with ratios consistently above 1, indicating a healthy ability to meet its short-term obligations.