Teledyne Technologies Incorporated (TDY)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	9,549,400	9,221,200	8,158,200	7,622,000	3,228,600
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,549,400K)
= 0.00

Based on the provided data, the debt-to-capital ratio for Teledyne Technologies Incorporated has consistently remained at 0.00 over the years from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt to finance its operations relative to its capital structure during this period. This suggests that the company may have been using equity financing or retained earnings to fund its operations and investments rather than relying on borrowed funds. A low or zero debt-to-capital ratio can indicate a lower financial risk for the company as it is not highly leveraged, which may be viewed positively by investors and creditors. However, it is important to consider other financial metrics and industry benchmarks to gain a more comprehensive understanding of Teledyne Technologies' overall financial health and performance.