Teledyne Technologies Incorporated (TDY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 1.49 | 1.51 | 1.53 | 1.57 | 1.58 | 1.63 | 1.65 | 1.72 | 1.76 | 1.80 | 1.79 | 1.82 | 1.90 | 1.95 | 1.95 | 2.28 | 1.57 | 1.60 | 1.65 | 1.67 |
Teledyne Technologies Incorporated has consistently maintained strong solvency ratios over the years, as evidenced by its Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all being at 0.00 in each reporting period. This indicates that the company is not relying heavily on debt to finance its operations and is able to cover its liabilities effectively using its existing assets and capital.
Furthermore, the Financial leverage ratio has been relatively stable, showing a decreasing trend from 1.67 in March 2020 to 1.49 in December 2024. This suggests that the company's reliance on debt in its capital structure has been decreasing over time, indicating a more conservative financial strategy.
Overall, Teledyne Technologies Incorporated's solvency ratios demonstrate a strong financial position, with a low level of debt relative to its assets, capital, and equity, and a decreasing reliance on debt financing, which bodes well for the company's long-term financial stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 24.33 | 18.45 | 17.07 | 14.01 | 12.23 | 10.86 | 10.24 | 9.96 | 9.59 | 8.07 | 6.83 | 5.40 | 3.89 | 4.85 | 5.92 | 8.54 | 26.02 | 23.33 | 21.87 | 21.18 |
Teledyne Technologies Incorporated's interest coverage ratio has shown fluctuations over the specified periods. The interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt. A higher ratio indicates a stronger ability to meet interest obligations.
From March 31, 2020, to December 31, 2021, the interest coverage ratio showed a positive trend, increasing from 21.18 to 26.02. This suggests that the company's earnings were comfortably covering its interest expenses during this period.
However, starting from March 31, 2021, the interest coverage ratio began to decline significantly, indicating a potential deterioration in Teledyne's ability to cover its interest payments. The ratio fell to 3.89 by December 31, 2021, which raises concerns about the company's financial risk and ability to service its debt.
There was a slight improvement in the interest coverage ratio in the subsequent periods, reaching 24.33 by December 31, 2024. Although the ratio has recovered from its lowest point, it is still lower than the levels seen in the earlier periods.
Overall, Teledyne Technologies Incorporated experienced fluctuations in its interest coverage ratio over the specified periods, with a noticeable decrease in 2021 followed by a gradual recovery. Investors and stakeholders should continue to monitor the company's ability to generate sufficient earnings to cover its interest expenses.