Teledyne Technologies Incorporated (TDY)

Financial leverage 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
Total assets	US$ in thousands	14,527,900	14,215,800	14,156,300	14,429,300	14,354,000	13,826,400	14,047,500	14,251,100	14,430,300	14,447,500	14,222,900	7,618,400	5,084,800	4,837,000	4,738,200	4,585,000	4,579,800	4,479,600	4,200,200	4,161,700
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
Financial leverage ratio		1.58	1.63	1.65	1.72	1.76	1.80	1.79	1.82	1.89	1.95	1.95	2.28	1.57	1.60	1.65	1.67	1.69	1.74	1.70	1.77

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 exhibited a declining trend over the past eight quarters. The ratio decreased from 1.82 in Q1 2022 to 1.58 in Q4 2023. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio signifies that Teledyne Technologies has been using more equity financing compared to debt financing, potentially reducing its financial risk and vulnerability to economic downturns. Overall, the decreasing trend in the financial leverage ratio suggests a positive development in the company's capital structure and financial health.