Teledyne Technologies Incorporated (TDY)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.49 | 1.58 | 1.76 | 1.90 | 1.57 |
Teledyne Technologies Incorporated demonstrates exceptionally strong solvency ratios based on the provided data. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all stand at 0.00 for the years 2020 through 2024. This indicates that the company has no debt relative to its total assets, capital, and equity, which is a positive signal of financial stability and low risk of insolvency.
Furthermore, the financial leverage ratio, which measures the proportion of a company's debt to its equity, has shown a decreasing trend from 1.57 in 2020 to 1.49 in 2024. A lower financial leverage ratio suggests that the company is relying less on debt financing, which can reduce financial risk and improve overall financial health.
Overall, Teledyne Technologies Incorporated's solvency ratios reflect a conservative capital structure with minimal reliance on debt, positioning the company favorably in terms of financial stability and risk management.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 17.20 | 12.22 | 11.23 | 5.86 | 31.95 |
Teledyne Technologies Incorporated's interest coverage has shown variations over the years. As of December 31, 2020, the interest coverage ratio was 31.95, indicating the company was comfortably able to cover its interest expenses. However, by December 31, 2021, the ratio dropped to 5.86, suggesting a decrease in the company's ability to cover interest payments.
The year-end ratios for 2022, 2023, and 2024 demonstrated improvements, standing at 11.23, 12.22, and 17.20, respectively. These higher ratios indicate a stronger capacity to meet interest obligations from operating income in these years.
Overall, Teledyne Technologies Inc.'s interest coverage has shown some fluctuations, with periods of lower coverage followed by improvements, reflecting changes in the company's profitability and financial health over the years.