Teledyne Technologies Incorporated (TDY)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	14,200,500	14,527,900	14,354,000	14,446,000	5,068,600
Total stockholders’ equity	US$ in thousands	9,549,400	9,221,200	8,158,200	7,622,000	3,228,600
Financial leverage ratio		1.49	1.58	1.76	1.90	1.57

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,200,500K ÷ $9,549,400K
= 1.49

The financial leverage ratio of Teledyne Technologies Incorporated has shown a mixed trend over the past five years. The ratio increased from 1.57 at the end of 2020 to 1.90 at the end of 2021, indicating higher reliance on debt financing relative to equity during that period. However, in the subsequent years, the ratio fluctuated, reaching its lowest point of 1.49 at the end of 2024.

Overall, the trend suggests that Teledyne Technologies Incorporated has been managing its financial leverage by adjusting its debt and equity mix. A lower financial leverage ratio may indicate a stronger financial position and reduced financial risk, while a higher ratio may suggest increased risk due to higher debt levels. The company's ability to maintain a stable financial leverage ratio demonstrates its capacity to manage its capital structure effectively.