Teradyne Inc (TER)

Debt-to-assets 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	—	—	—	—	0	—	—	—	89,244	—	—	—	376,768	406,178	402,305	398,466	394,687	390,942	387,243	383,590
Total assets	US$ in thousands	3,486,820	3,370,660	3,394,900	3,383,410	3,501,250	3,319,910	3,488,430	3,609,150	3,809,420	3,762,180	4,000,920	3,719,720	3,652,350	3,436,510	3,249,190	2,820,390	2,787,010	2,698,790	2,671,510	2,616,640
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.10	0.12	0.12	0.14	0.14	0.14	0.14	0.15

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,486,820K
= 0.00

The debt-to-assets ratio of Teradyne, Inc. has been consistently low and stable over the past eight quarters. The ratio has remained below 0.03 in all quarters, with the latest quarter, Q4 2023, showing a ratio of 0.00. This indicates that the company has a very low level of debt relative to its total assets.

A low debt-to-assets ratio suggests that Teradyne is not heavily reliant on borrowing to finance its operations or investments. This can be interpreted positively as it signifies lower financial risk and greater financial stability for the company. Additionally, a low debt-to-assets ratio may indicate that the company has strong internal cash flows to support its operations and growth initiatives without the need for significant debt financing.

Overall, the trend of consistently low debt-to-assets ratios for Teradyne, Inc. reflects a solid financial position with a conservative approach to managing debt levels.