Teledyne Technologies has a quick ratio of 1.17. It generally indicates good short-term financial strength.
The historical rank and industry rank for Teledyne Technologies's Quick Ratio or its related term are showing as below:
TDY'
s Quick Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.17 Max: 1.81
Current: 1.17
During the past 13 years, Teledyne Technologies's highest Quick Ratio was 1.81. The lowest was 1.04. And the median was 1.17.
TDY's Quick Ratio is ranked worse than 63.89% of 2484
companies
in the Hardware industry
Industry Median: 1.475
vs TDY: 1.17
Teledyne Technologies Quick Ratio Historical Data
The historical data trend for Teledyne Technologies's Quick Ratio 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.
Competitive Comparison of Teledyne Technologies's Quick Ratio
For the Scientific & Technical Instruments subindustry, Teledyne Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Teledyne Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Teledyne Technologies's Quick Ratio falls into.
Teledyne Technologies Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Teledyne Technologies's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Teledyne Technologies (NYSE:TDY) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Teledyne Technologies Quick Ratio Related Terms
Thank you for viewing the detailed overview of Teledyne Technologies's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Teledyne Technologies (Teledyne Technologies) Business Description
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 the largest 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.
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