Teledyne Technologies Incorporated (TDY)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,644,800	2,794,000	2,903,200	3,520,300	3,620,500	3,618,400	3,645,700	3,831,800	4,099,400	4,441,700	4,742,000	3,243,300	680,900	761,100	750,800	749,100	750,000	719,300	656,200	610,100
Total assets	US$ in thousands	14,527,900	14,215,800	14,156,300	14,429,300	14,354,000	13,826,400	14,047,500	14,251,100	14,430,300	14,447,500	14,222,900	7,618,400	5,084,800	4,837,000	4,738,200	4,585,000	4,579,800	4,479,600	4,200,200	4,161,700
Debt-to-assets ratio		0.18	0.20	0.21	0.24	0.25	0.26	0.26	0.27	0.28	0.31	0.33	0.43	0.13	0.16	0.16	0.16	0.16	0.16	0.16	0.15

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,644,800K ÷ $14,527,900K
= 0.18

The debt-to-assets ratio of Teledyne Technologies Inc has shown a declining trend over the past eight quarters, indicating the company's ability to rely less on debt financing and have a higher proportion of assets financed by equity. This suggests a stronger financial position and lower financial risk for the company.

With a gradual decrease from 0.29 in Q1 2022 to 0.22 in Q4 2023, it is evident that Teledyne Technologies Inc has been successfully managing its debt levels relative to its total assets. The consistent decline in this ratio reflects the company's efforts to reduce its reliance on borrowing, which could potentially lead to improved financial stability and operational flexibility in the long term.

Overall, a decreasing trend in the debt-to-assets ratio indicates a positive financial performance and prudent financial management by Teledyne Technologies Inc, positioning the company in a favorable stance for sustainable growth and profitability.