Teledyne Technologies Incorporated (TDY)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	9,221,200	8,721,900	8,579,000	8,365,700	8,169,200	7,688,500	7,861,900	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	2,714,700	2,571,000	2,473,000	2,349,500
Debt-to-equity ratio		0.29	0.32	0.34	0.42	0.44	0.47	0.46	0.49	0.54	0.60	0.65	0.97	0.21	0.25	0.26	0.27	0.28	0.28	0.27	0.26

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,644,800K ÷ $9,221,200K
= 0.29

The debt-to-equity ratio of Teledyne Technologies Inc has been fluctuating over the past eight quarters, ranging from 0.35 to 0.53. A decreasing trend is observed from Q4 2022 to Q3 2023, indicating a reduction in the company's reliance on debt to finance its operations relative to equity. The ratio has decreased from 0.48 in Q4 2022 to 0.37 in Q3 2023, suggesting improved financial stability as the company has proportionally less debt in its capital structure.

However, from Q3 2023 to Q1 2023, the ratio reversed its trend by increasing, reaching 0.46 in Q1 2023. This increase may indicate that Teledyne Technologies Inc has taken on more debt compared to its equity, potentially to fund expansion or other investments. It is essential for stakeholders to monitor this ratio closely to ensure the company maintains a healthy balance between debt and equity financing.