Teledyne Technologies Incorporated (TDY)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,527,900 | 14,354,000 | 14,430,300 | 5,084,800 | 4,579,800 |
| Total stockholders’ equity | US$ in thousands | 9,221,200 | 8,169,200 | 7,622,000 | 3,228,600 | 2,714,700 |
| Financial leverage ratio | 1.58 | 1.76 | 1.89 | 1.57 | 1.69 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,527,900K ÷ $9,221,200K
= 1.58
The financial leverage ratio of Teledyne Technologies Inc has fluctuated over the past five years. The ratio decreased from 1.69 in 2019 to 1.57 in 2021, indicating a slight improvement in the company's leverage position. However, this trend reversed in the following years, as the ratio increased to 1.89 in 2022 and then decreased to 1.76 in 2023. A financial leverage ratio above 1 suggests that the company is relying more on debt financing to fund its operations and investments, compared to equity financing. Overall, the variability in Teledyne Technologies Inc's financial leverage ratio over the years may indicate changes in the company's capital structure and financial risk profile.
Peer comparison
Dec 31, 2023