Teledyne Technologies Incorporated (TDY)

Debt-to-capital 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	9,549,400	9,594,200	9,319,700	9,328,000	9,221,200	8,721,900	8,579,000	8,365,700	8,158,200	7,662,900	7,871,800	7,832,400	7,622,000	7,416,600	7,312,400	3,336,300	3,228,600	3,026,000	2,879,900	2,753,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

The debt-to-capital ratio for Teledyne Technologies Incorporated has consistently remained at 0.00% across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its capital structure. A debt-to-capital ratio of 0.00% suggests that Teledyne Technologies has not incurred any long-term debt in relation to its total capital, which can be perceived positively by investors and creditors as it signifies a lower financial risk and potential for greater financial stability. However, it is important to note that a completely debt-free capital structure may limit the company's ability to leverage debt for potential growth opportunities and tax benefits. Nonetheless, the consistent 0.00% debt-to-capital ratio reflects Teledyne Technologies' ability to manage its operations without relying on borrowed funds for financing.