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Teledyne Technologies (MEX:TDY) Interest Coverage : 14.99 (As of Mar. 2025)


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What is Teledyne Technologies Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Teledyne Technologies's Operating Income for the three months ended in Mar. 2025 was MXN5,305 Mil. Teledyne Technologies's Interest Expense for the three months ended in Mar. 2025 was MXN-354 Mil. Teledyne Technologies's interest coverage for the quarter that ended in Mar. 2025 was 14.99. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Teledyne Technologies's Interest Coverage or its related term are showing as below:

MEX:TDY' s Interest Coverage Range Over the Past 10 Years
Min: 6.88   Med: 12.59   Max: 31.38
Current: 17.07


MEX:TDY's Interest Coverage is ranked better than
55.31% of 1602 companies
in the Hardware industry
Industry Median: 13.105 vs MEX:TDY: 17.07

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Teledyne Technologies Interest Coverage Historical Data

The historical data trend for Teledyne Technologies's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Teledyne Technologies Interest Coverage Chart

Teledyne Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.38 6.88 10.89 13.38 17.99

Teledyne Technologies Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.45 15.63 17.24 21.14 14.99

Competitive Comparison of Teledyne Technologies's Interest Coverage

For the Scientific & Technical Instruments subindustry, Teledyne Technologies's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Teledyne Technologies's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Teledyne Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Teledyne Technologies's Interest Coverage falls into.


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Teledyne Technologies Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Teledyne Technologies's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Teledyne Technologies's Interest Expense was MXN-1,208 Mil. Its Operating Income was MXN21,723 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN55,240 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*21723.297/-1207.545
=17.99

Teledyne Technologies's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Teledyne Technologies's Interest Expense was MXN-354 Mil. Its Operating Income was MXN5,305 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN60,650 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*5304.811/-353.927
=14.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Teledyne Technologies  (MEX:TDY) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Teledyne Technologies Interest Coverage Related Terms

Thank you for viewing the detailed overview of Teledyne Technologies's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Teledyne Technologies Business Description

Traded in Other Exchanges
Address
1049 Camino Dos Rios, Thousand Oaks, CA, USA, 91360-2362
Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes majority of proportion of revenue and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.