Stock Analysis on Net

Teradyne Inc. (NASDAQ:TER)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Teradyne Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Accounts payable
Accrued employees’ compensation and withholdings
Deferred revenue and customer advances
Other accrued liabilities
Current operating lease liabilities
Contingent consideration
Income taxes payable
Current debt
Current liabilities held for sale
Current liabilities
Retirement plans liabilities
Long-term deferred revenue and customer advances
Long-term contingent consideration
Long-term other accrued liabilities
Deferred tax liabilities
Long-term operating lease liabilities
Long-term income taxes payable
Long-term debt
Long-term liabilities held for sale
Long-term liabilities
Total liabilities
Convertible common shares
Mezzanine equity
Common stock, $0.125 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Shareholders’ equity
Total liabilities, convertible common shares and shareholders’ equity

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


Accounts Payable
The accounts payable as a percentage of total liabilities and shareholders' equity fluctuated moderately between approximately 3.66% and 5.23%. A peak was observed in late 2023, followed by a slight decline by Q1 2024.
Accrued Employees’ Compensation and Withholdings
This liability category showed notable volatility, ranging from around 3.4% to 6.66%. Spikes occurred sporadically, particularly in Q4 2019, Q4 2021, and Q4 2022, while the recent periods show a decreasing trend with some fluctuations.
Deferred Revenue and Customer Advances (Current)
The proportion of deferred revenue exhibited a gradual upward trend from early 2019 through mid-2022, reaching a high near 4.7%. Thereafter, a declining pattern was evident from early 2023, decreasing to below 3% by Q1 2024.
Other Accrued Liabilities (Current)
Other accrued liabilities increased from about 2.1% in late 2020 to peaks around 3.8% during 2022, followed by a mild reduction, settling near 3% by early 2024.
Current Operating Lease Liabilities
This category consistently represented a small fraction of total liabilities, showing a gradual decrease from 0.7% in 2019 to around 0.5% in recent quarters, with minor short-term variability.
Contingent Consideration
Contingent consideration was present only until mid-2020 with declining amounts, becoming negligible or absent thereafter.
Income Taxes Payable (Current)
Current income taxes payable showed variability, spiking around Q2 2020 to levels above 2.5%. It then experienced a declining trend with fluctuations, ending near 1.6% in Q1 2024.
Current Debt
Current debt was minimal or absent for most periods until late 2020, when a sharp but brief increase occurred. Subsequent periods showed fluctuating but generally low percentages under 1.5%.
Current Liabilities Held for Sale
These liabilities appeared only in the last two quarters (Q4 2023 and Q1 2024), representing a very small portion (0.14%-0.21%).
Total Current Liabilities
The total current liabilities percentage varied, peaking above 24% in mid-2021, followed by a general downward trend stabilizing around 16.25% by Q1 2024.
Retirement Plans Liabilities
This component showed moderate stability with a slight decline, decreasing from approximately 4.6% in 2019 to just under 4% by 2024, with minor fluctuations.
Long-term Deferred Revenue and Customer Advances
Long-term deferred revenue displayed slow decreases after peaking around 1.8% in early 2020, ending close to 1% by early 2024, indicating a gradual reduction in these liabilities.
Long-term Contingent Consideration
Present and fluctuating only up to early 2020, this item declined sharply to near zero and was absent afterward.
Long-term Other Accrued Liabilities
This category showed a fairly stable upward trend from roughly 0.35% to about 0.57%, suggesting a gradual increase in long-term accrued liabilities.
Deferred Tax Liabilities
Deferred tax liabilities steadily decreased from 0.75% in early 2019 to essentially zero by 2024, reflecting diminishing deferred tax obligations.
Long-term Operating Lease Liabilities
Long-term lease liabilities declined from about 1.7% to 1.1% in early 2020, but increased again thereafter, reaching above 1.9% in late 2023 and early 2024, suggesting renewed or increased lease commitments.
Long-term Income Taxes Payable
These liabilities dropped significantly from over 3% in 2019 to approximately 1.3% by early 2024, highlighting a reduction in long-term tax payables.
Long-term Debt
Long-term debt steadily declined between 2019 and 2022, falling from about 14.7% to near 1.5%, with data absent after 2022, indicating significant debt repayment or restructuring during this period.
Long-term Liabilities Held for Sale
Similar to current liabilities held for sale, these appeared only in late 2023 and early 2024 around 0.06%, indicating small divestitures.
Total Long-term Liabilities
Total long-term liabilities mirrored the downward trend of major components, falling from near 27% in 2019 to less than 9% by 2024, reflecting overall debt reduction and liability management.
Total Liabilities
Total liabilities as a proportion of the capital structure decreased noticeably from almost 47% at various peaks to 25% by early 2024, indicating a strengthening balance sheet and lower leverage.
Convertible Common Shares and Mezzanine Equity
Both items appeared only between late 2020 and late 2021 at very low levels, suggesting temporary financing arrangements which were subsequently retired or reclassified.
Common Stock
Common stock consistently represented a small, stable fraction between 0.55% and 0.82%, reflecting little change in par value over time.
Additional Paid-in Capital
This figure exhibited some volatility, decreasing sharply from early 2019 to mid-2020, then rebounding and stabilizing above 50% from 2022 onward, indicating share issuances or valuation adjustments.
Accumulated Other Comprehensive Income (Loss)
This item varied widely, showing periods of positive and negative values. From a small negative balance in 2019, it improved briefly in 2020, then declined significantly to nearly -2.55% in late 2022, before partially recovering but remaining negative toward 2024.
Retained Earnings (Accumulated Deficit)
Retained earnings moved from a negative position (around -8.3%) in 2019 to positive and steadily increasing levels, surpassing 21% by early 2024, which implies consistent profitability and earnings retention over time.
Shareholders’ Equity
Shareholders' equity as a percentage of total capital increased steadily from approximately 53% in 2019 to nearly 75% by early 2024, reflecting enhanced net asset growth and reduced reliance on liabilities.
Overall Capital Structure
The overall composition shifted from a relatively higher liability proportion toward stronger equity dominance, indicating improved financial stability, reduced leverage, and possibly enhanced creditworthiness.