Teradyne Inc (TER)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,525,900	2,441,300	2,434,880	2,449,460	2,451,290	2,254,120	2,298,600	2,474,530	2,562,440	2,537,490	2,493,260	2,324,550	2,207,020	1,993,540	1,744,550	1,550,670	1,480,160	1,482,640	1,479,410	1,470,230
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.17	0.20	0.23	0.26	0.27	0.26	0.26	0.26

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,525,900K
= 0.00

Teradyne, Inc.'s debt-to-equity ratio has shown a consistent downward trend over the past eight quarters, indicating a decreasing reliance on debt to finance its operations compared to equity. In the most recent quarter, Q4 2023, the company had a debt-to-equity ratio of 0.00, suggesting that the company had no debt on its balance sheet relative to its equity. This indicates a strong financial position and minimal financial risk associated with debt.

The decreasing trend in the debt-to-equity ratio from 0.04 in Q1 2022 to 0.00 in Q4 2023 reflects Teradyne's efforts to manage its capital structure efficiently, potentially by reducing debt levels or increasing equity investments. Overall, the decreasing debt-to-equity ratio signifies a healthier balance sheet and financial stability for Teradyne, Inc.