Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Teradyne Inc., solvency ratios (quarterly data)
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Teradyne Inc. debt to equity ratio (including operating lease liability) improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Teradyne Inc. debt to capital ratio (including operating lease liability) improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Teradyne Inc. debt to assets ratio (including operating lease liability) improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Teradyne Inc. financial leverage ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Teradyne Inc. interest coverage ratio deteriorated from Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level. |
Debt to Equity
Teradyne Inc., debt to equity calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 14,596) | 9,632) | 20,497) | 19,182) | 32,219) | 213,761) | 11,057) | 33,343) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt | —) | —) | —) | —) | —) | —) | 50,195) | 64,796) | 75,378) | 89,244) | 112,784) | 143,618) | 356,877) | 376,768) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 64,791) | 74,428) | 95,875) | 108,426) | 145,003) | 357,379) | 367,934) | 410,111) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Shareholders’ equity | 2,557,829) | 2,525,897) | 2,441,300) | 2,434,883) | 2,449,462) | 2,451,294) | 2,254,125) | 2,298,596) | 2,474,532) | 2,562,444) | 2,537,493) | 2,493,256) | 2,324,553) | 2,207,018) | 1,993,544) | 1,744,551) | 1,550,673) | 1,480,158) | 1,482,635) | 1,479,412) | 1,470,228) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.06 | 0.14 | 0.16 | 0.19 | 0.20 | 0.23 | 0.26 | 0.27 | 0.26 | 0.26 | 0.26 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.10 | 0.21 | 0.16 | 0.17 | 0.40 | 0.54 | 0.61 | |||||||
| Analog Devices Inc. | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.18 | 0.42 | 0.42 | 0.43 | 0.43 | 0.47 | 0.48 | 0.47 | 0.47 | 0.48 | 0.51 | 0.54 | |||||||
| Applied Materials Inc. | 0.32 | 0.34 | 0.37 | 0.40 | 0.42 | 0.45 | 0.45 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 | 0.47 | 0.52 | 0.57 | 0.76 | 0.61 | 0.65 | 0.65 | 0.65 | 0.65 | |||||||
| Broadcom Inc. | 1.08 | 1.64 | 1.78 | 1.79 | 1.69 | 1.74 | 1.89 | 1.88 | 1.72 | 1.59 | 1.66 | 1.69 | 1.75 | 1.72 | 1.87 | 1.92 | 1.84 | 1.32 | 1.75 | 1.69 | 1.62 | |||||||
| First Solar Inc. | 0.09 | 0.08 | 0.08 | 0.07 | 0.05 | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.11 | |||||||
| Intel Corp. | 0.49 | 0.47 | 0.48 | 0.49 | 0.51 | 0.41 | 0.40 | 0.35 | 0.36 | 0.40 | 0.45 | 0.42 | 0.45 | 0.45 | 0.49 | 0.47 | 0.52 | 0.37 | 0.39 | 0.38 | 0.39 | |||||||
| KLA Corp. | 1.97 | 2.02 | 2.20 | 2.35 | 3.00 | 4.75 | 0.91 | 0.85 | 0.89 | 1.02 | 1.11 | 1.18 | 1.25 | 1.30 | 1.49 | 1.27 | 1.29 | 1.29 | 1.20 | 1.40 | 1.43 | |||||||
| Lam Research Corp. | 0.62 | 0.61 | 0.60 | 0.60 | 0.67 | 0.80 | 0.83 | 0.77 | 0.86 | 0.83 | 1.08 | 1.06 | 1.08 | 1.12 | 1.12 | 1.01 | 0.90 | 0.96 | 0.90 | 0.35 | 0.44 | |||||||
| Micron Technology Inc. | 0.31 | 0.30 | 0.29 | 0.26 | 0.21 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.14 | 0.18 | 0.12 | |||||||
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| NVIDIA Corp. | 0.45 | 0.50 | 0.51 | 0.46 | 0.42 | 0.41 | 0.46 | 0.56 | 0.37 | 0.41 | 0.45 | 0.50 | 0.53 | 0.16 | 0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | |||||||
| Qualcomm Inc. | 0.67 | 0.71 | 0.75 | 0.81 | 0.90 | 0.86 | 0.97 | 1.18 | 1.39 | 1.58 | 1.92 | 2.12 | 2.13 | 2.59 | 4.82 | 5.24 | 3.53 | 3.25 | 3.01 | 4.24 | 4.53 | |||||||
| Texas Instruments Inc. | 0.84 | 0.66 | 0.67 | 0.70 | 0.66 | 0.60 | 0.55 | 0.51 | 0.55 | 0.58 | 0.64 | 0.56 | 0.61 | 0.74 | 0.82 | 0.89 | 0.85 | 0.65 | 0.65 | 0.68 | 0.68 | |||||||
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).
1 Q1 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 0 ÷ 2,557,829 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. |
Debt to Equity (including Operating Lease Liability)
Teradyne Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 14,596) | 9,632) | 20,497) | 19,182) | 32,219) | 213,761) | 11,057) | 33,343) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt | —) | —) | —) | —) | —) | —) | 50,195) | 64,796) | 75,378) | 89,244) | 112,784) | 143,618) | 356,877) | 376,768) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 64,791) | 74,428) | 95,875) | 108,426) | 145,003) | 357,379) | 367,934) | 410,111) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Current operating lease liabilities | 17,400) | 17,522) | 18,026) | 20,212) | 19,985) | 18,594) | 17,079) | 17,770) | 18,523) | 19,977) | 20,601) | 20,539) | 19,675) | 20,573) | 20,311) | 20,000) | 19,591) | 19,476) | 18,386) | 18,041) | 17,176) | |||||||
| Long-term operating lease liabilities | 65,554) | 65,092) | 69,364) | 65,079) | 65,082) | 64,176) | 51,872) | 57,600) | 55,934) | 56,178) | 48,492) | 49,066) | 39,048) | 42,073) | 42,137) | 43,582) | 46,328) | 45,849) | 46,813) | 46,460) | 38,062) | |||||||
| Total debt (including operating lease liability) | 82,954) | 82,614) | 110,919) | 118,097) | 120,176) | 132,885) | 133,742) | 149,798) | 170,332) | 184,581) | 214,096) | 426,984) | 426,657) | 472,757) | 468,626) | 465,887) | 464,385) | 460,012) | 456,141) | 451,744) | 438,828) | |||||||
| Shareholders’ equity | 2,557,829) | 2,525,897) | 2,441,300) | 2,434,883) | 2,449,462) | 2,451,294) | 2,254,125) | 2,298,596) | 2,474,532) | 2,562,444) | 2,537,493) | 2,493,256) | 2,324,553) | 2,207,018) | 1,993,544) | 1,744,551) | 1,550,673) | 1,480,158) | 1,482,635) | 1,479,412) | 1,470,228) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.03 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 | 0.17 | 0.18 | 0.21 | 0.24 | 0.27 | 0.30 | 0.31 | 0.31 | 0.31 | 0.30 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.15 | 0.27 | 0.23 | 0.24 | 0.49 | 0.65 | 0.73 | |||||||
| Micron Technology Inc. | 0.33 | 0.32 | 0.30 | 0.27 | 0.22 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | 0.16 | 0.17 | 0.16 | 0.14 | 0.18 | 0.12 | |||||||
| NVIDIA Corp. | 0.49 | 0.54 | 0.55 | 0.49 | 0.44 | 0.44 | 0.49 | 0.60 | 0.40 | 0.45 | 0.49 | 0.54 | 0.57 | 0.21 | 0.22 | 0.24 | 0.25 | 0.21 | 0.21 | 0.23 | 0.26 | |||||||
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).
1 Q1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 82,954 ÷ 2,557,829 = 0.03
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Teradyne Inc. debt to equity ratio (including operating lease liability) improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Capital
Teradyne Inc., debt to capital calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 14,596) | 9,632) | 20,497) | 19,182) | 32,219) | 213,761) | 11,057) | 33,343) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt | —) | —) | —) | —) | —) | —) | 50,195) | 64,796) | 75,378) | 89,244) | 112,784) | 143,618) | 356,877) | 376,768) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 64,791) | 74,428) | 95,875) | 108,426) | 145,003) | 357,379) | 367,934) | 410,111) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Shareholders’ equity | 2,557,829) | 2,525,897) | 2,441,300) | 2,434,883) | 2,449,462) | 2,451,294) | 2,254,125) | 2,298,596) | 2,474,532) | 2,562,444) | 2,537,493) | 2,493,256) | 2,324,553) | 2,207,018) | 1,993,544) | 1,744,551) | 1,550,673) | 1,480,158) | 1,482,635) | 1,479,412) | 1,470,228) | |||||||
| Total capital | 2,557,829) | 2,525,897) | 2,464,829) | 2,467,689) | 2,484,571) | 2,501,409) | 2,318,916) | 2,373,024) | 2,570,407) | 2,670,870) | 2,682,496) | 2,850,635) | 2,692,487) | 2,617,129) | 2,399,722) | 2,146,856) | 1,949,139) | 1,874,845) | 1,873,577) | 1,866,655) | 1,853,818) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.13 | 0.14 | 0.16 | 0.17 | 0.19 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.09 | 0.17 | 0.14 | 0.15 | 0.29 | 0.35 | 0.38 | |||||||
| Analog Devices Inc. | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.15 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.35 | |||||||
| Applied Materials Inc. | 0.24 | 0.25 | 0.27 | 0.29 | 0.30 | 0.31 | 0.31 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.36 | 0.43 | 0.38 | 0.39 | 0.40 | 0.39 | 0.39 | |||||||
| Broadcom Inc. | 0.52 | 0.62 | 0.64 | 0.64 | 0.63 | 0.64 | 0.65 | 0.65 | 0.63 | 0.61 | 0.62 | 0.63 | 0.64 | 0.63 | 0.65 | 0.66 | 0.65 | 0.57 | 0.64 | 0.63 | 0.62 | |||||||
| First Solar Inc. | 0.08 | 0.08 | 0.07 | 0.07 | 0.05 | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | |||||||
| Intel Corp. | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.29 | 0.28 | 0.26 | 0.27 | 0.29 | 0.31 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 | 0.34 | 0.27 | 0.28 | 0.28 | 0.28 | |||||||
| KLA Corp. | 0.66 | 0.67 | 0.69 | 0.70 | 0.75 | 0.83 | 0.48 | 0.46 | 0.47 | 0.50 | 0.52 | 0.54 | 0.55 | 0.57 | 0.60 | 0.56 | 0.56 | 0.56 | 0.55 | 0.58 | 0.59 | |||||||
| Lam Research Corp. | 0.38 | 0.38 | 0.37 | 0.38 | 0.40 | 0.44 | 0.45 | 0.44 | 0.46 | 0.45 | 0.52 | 0.51 | 0.52 | 0.53 | 0.53 | 0.50 | 0.47 | 0.49 | 0.47 | 0.26 | 0.31 | |||||||
| Micron Technology Inc. | 0.24 | 0.23 | 0.23 | 0.21 | 0.17 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.14 | 0.12 | 0.15 | 0.11 | |||||||
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| NVIDIA Corp. | 0.31 | 0.33 | 0.34 | 0.31 | 0.29 | 0.29 | 0.32 | 0.36 | 0.27 | 0.29 | 0.31 | 0.33 | 0.35 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.17 | 0.19 | 0.21 | |||||||
| Qualcomm Inc. | 0.40 | 0.42 | 0.43 | 0.45 | 0.47 | 0.46 | 0.49 | 0.54 | 0.58 | 0.61 | 0.66 | 0.68 | 0.68 | 0.72 | 0.83 | 0.84 | 0.78 | 0.76 | 0.75 | 0.81 | 0.82 | |||||||
| Texas Instruments Inc. | 0.46 | 0.40 | 0.40 | 0.41 | 0.40 | 0.37 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.36 | 0.38 | 0.43 | 0.45 | 0.47 | 0.46 | 0.39 | 0.39 | 0.41 | 0.41 | |||||||
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).
1 Q1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 2,557,829 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. |
Debt to Capital (including Operating Lease Liability)
Teradyne Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 14,596) | 9,632) | 20,497) | 19,182) | 32,219) | 213,761) | 11,057) | 33,343) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt | —) | —) | —) | —) | —) | —) | 50,195) | 64,796) | 75,378) | 89,244) | 112,784) | 143,618) | 356,877) | 376,768) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 64,791) | 74,428) | 95,875) | 108,426) | 145,003) | 357,379) | 367,934) | 410,111) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Current operating lease liabilities | 17,400) | 17,522) | 18,026) | 20,212) | 19,985) | 18,594) | 17,079) | 17,770) | 18,523) | 19,977) | 20,601) | 20,539) | 19,675) | 20,573) | 20,311) | 20,000) | 19,591) | 19,476) | 18,386) | 18,041) | 17,176) | |||||||
| Long-term operating lease liabilities | 65,554) | 65,092) | 69,364) | 65,079) | 65,082) | 64,176) | 51,872) | 57,600) | 55,934) | 56,178) | 48,492) | 49,066) | 39,048) | 42,073) | 42,137) | 43,582) | 46,328) | 45,849) | 46,813) | 46,460) | 38,062) | |||||||
| Total debt (including operating lease liability) | 82,954) | 82,614) | 110,919) | 118,097) | 120,176) | 132,885) | 133,742) | 149,798) | 170,332) | 184,581) | 214,096) | 426,984) | 426,657) | 472,757) | 468,626) | 465,887) | 464,385) | 460,012) | 456,141) | 451,744) | 438,828) | |||||||
| Shareholders’ equity | 2,557,829) | 2,525,897) | 2,441,300) | 2,434,883) | 2,449,462) | 2,451,294) | 2,254,125) | 2,298,596) | 2,474,532) | 2,562,444) | 2,537,493) | 2,493,256) | 2,324,553) | 2,207,018) | 1,993,544) | 1,744,551) | 1,550,673) | 1,480,158) | 1,482,635) | 1,479,412) | 1,470,228) | |||||||
| Total capital (including operating lease liability) | 2,640,783) | 2,608,511) | 2,552,219) | 2,552,980) | 2,569,638) | 2,584,179) | 2,387,867) | 2,448,394) | 2,644,864) | 2,747,025) | 2,751,589) | 2,920,240) | 2,751,210) | 2,679,775) | 2,462,170) | 2,210,438) | 2,015,058) | 1,940,170) | 1,938,776) | 1,931,156) | 1,909,056) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.15 | 0.16 | 0.18 | 0.19 | 0.21 | 0.23 | 0.24 | 0.24 | 0.23 | 0.23 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.13 | 0.21 | 0.19 | 0.20 | 0.33 | 0.40 | 0.42 | |||||||
| Micron Technology Inc. | 0.25 | 0.24 | 0.23 | 0.21 | 0.18 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.14 | 0.14 | 0.14 | 0.12 | 0.15 | 0.11 | |||||||
| NVIDIA Corp. | 0.33 | 0.35 | 0.35 | 0.33 | 0.31 | 0.31 | 0.33 | 0.37 | 0.29 | 0.31 | 0.33 | 0.35 | 0.36 | 0.17 | 0.18 | 0.19 | 0.20 | 0.18 | 0.17 | 0.19 | 0.21 | |||||||
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).
1 Q1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 82,954 ÷ 2,640,783 = 0.03
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Teradyne Inc. debt to capital ratio (including operating lease liability) improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Assets
Teradyne Inc., debt to assets calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 14,596) | 9,632) | 20,497) | 19,182) | 32,219) | 213,761) | 11,057) | 33,343) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt | —) | —) | —) | —) | —) | —) | 50,195) | 64,796) | 75,378) | 89,244) | 112,784) | 143,618) | 356,877) | 376,768) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 64,791) | 74,428) | 95,875) | 108,426) | 145,003) | 357,379) | 367,934) | 410,111) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total assets | 3,410,720) | 3,486,824) | 3,370,655) | 3,394,896) | 3,383,407) | 3,501,252) | 3,319,906) | 3,488,426) | 3,609,154) | 3,809,425) | 3,762,182) | 4,000,922) | 3,719,717) | 3,652,346) | 3,436,512) | 3,249,189) | 2,820,388) | 2,787,014) | 2,698,791) | 2,671,514) | 2,616,643) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.09 | 0.10 | 0.11 | 0.12 | 0.12 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.10 | 0.08 | 0.08 | 0.17 | 0.20 | 0.22 | |||||||
| Analog Devices Inc. | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.24 | 0.24 | 0.24 | 0.24 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.29 | |||||||
| Applied Materials Inc. | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | 0.24 | 0.26 | 0.31 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | |||||||
| Broadcom Inc. | 0.43 | 0.54 | 0.55 | 0.55 | 0.54 | 0.54 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 0.54 | 0.54 | 0.56 | 0.56 | 0.55 | 0.49 | 0.54 | 0.53 | 0.52 | |||||||
| First Solar Inc. | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.07 | 0.07 | 0.06 | 0.07 | 0.07 | 0.08 | |||||||
| Intel Corp. | 0.27 | 0.26 | 0.26 | 0.26 | 0.27 | 0.23 | 0.23 | 0.21 | 0.21 | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 | 0.21 | 0.22 | 0.22 | 0.22 | |||||||
| KLA Corp. | 0.42 | 0.42 | 0.43 | 0.45 | 0.48 | 0.53 | 0.31 | 0.29 | 0.31 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.39 | 0.37 | 0.37 | 0.38 | 0.37 | 0.40 | 0.40 | |||||||
| Lam Research Corp. | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.29 | 0.30 | 0.30 | 0.32 | 0.31 | 0.38 | 0.38 | 0.39 | 0.40 | 0.39 | 0.37 | 0.36 | 0.37 | 0.37 | 0.19 | 0.21 | |||||||
| Micron Technology Inc. | 0.21 | 0.21 | 0.20 | 0.18 | 0.15 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.09 | |||||||
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| NVIDIA Corp. | 0.25 | 0.27 | 0.27 | 0.25 | 0.24 | 0.25 | 0.27 | 0.31 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | |||||||
| Qualcomm Inc. | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.32 | 0.33 | 0.35 | 0.37 | 0.38 | 0.41 | 0.42 | 0.42 | 0.44 | 0.49 | 0.50 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | |||||||
| Texas Instruments Inc. | 0.41 | 0.35 | 0.35 | 0.36 | 0.35 | 0.32 | 0.30 | 0.29 | 0.31 | 0.31 | 0.33 | 0.30 | 0.32 | 0.35 | 0.37 | 0.39 | 0.38 | 0.32 | 0.32 | 0.33 | 0.33 | |||||||
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).
1 Q1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 0 ÷ 3,410,720 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. |
Debt to Assets (including Operating Lease Liability)
Teradyne Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 14,596) | 9,632) | 20,497) | 19,182) | 32,219) | 213,761) | 11,057) | 33,343) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt | —) | —) | —) | —) | —) | —) | 50,195) | 64,796) | 75,378) | 89,244) | 112,784) | 143,618) | 356,877) | 376,768) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Total debt | —) | —) | 23,529) | 32,806) | 35,109) | 50,115) | 64,791) | 74,428) | 95,875) | 108,426) | 145,003) | 357,379) | 367,934) | 410,111) | 406,178) | 402,305) | 398,466) | 394,687) | 390,942) | 387,243) | 383,590) | |||||||
| Current operating lease liabilities | 17,400) | 17,522) | 18,026) | 20,212) | 19,985) | 18,594) | 17,079) | 17,770) | 18,523) | 19,977) | 20,601) | 20,539) | 19,675) | 20,573) | 20,311) | 20,000) | 19,591) | 19,476) | 18,386) | 18,041) | 17,176) | |||||||
| Long-term operating lease liabilities | 65,554) | 65,092) | 69,364) | 65,079) | 65,082) | 64,176) | 51,872) | 57,600) | 55,934) | 56,178) | 48,492) | 49,066) | 39,048) | 42,073) | 42,137) | 43,582) | 46,328) | 45,849) | 46,813) | 46,460) | 38,062) | |||||||
| Total debt (including operating lease liability) | 82,954) | 82,614) | 110,919) | 118,097) | 120,176) | 132,885) | 133,742) | 149,798) | 170,332) | 184,581) | 214,096) | 426,984) | 426,657) | 472,757) | 468,626) | 465,887) | 464,385) | 460,012) | 456,141) | 451,744) | 438,828) | |||||||
| Total assets | 3,410,720) | 3,486,824) | 3,370,655) | 3,394,896) | 3,383,407) | 3,501,252) | 3,319,906) | 3,488,426) | 3,609,154) | 3,809,425) | 3,762,182) | 4,000,922) | 3,719,717) | 3,652,346) | 3,436,512) | 3,249,189) | 2,820,388) | 2,787,014) | 2,698,791) | 2,671,514) | 2,616,643) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.11 | 0.11 | 0.13 | 0.14 | 0.14 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.08 | 0.14 | 0.12 | 0.11 | 0.20 | 0.24 | 0.27 | |||||||
| Micron Technology Inc. | 0.22 | 0.22 | 0.21 | 0.19 | 0.16 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.12 | 0.12 | 0.12 | 0.11 | 0.13 | 0.09 | |||||||
| NVIDIA Corp. | 0.27 | 0.29 | 0.29 | 0.27 | 0.26 | 0.26 | 0.29 | 0.33 | 0.25 | 0.26 | 0.28 | 0.30 | 0.32 | 0.15 | 0.16 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.17 | |||||||
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).
1 Q1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 82,954 ÷ 3,410,720 = 0.02
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Teradyne Inc. debt to assets ratio (including operating lease liability) improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024. |
Financial Leverage
Teradyne Inc., financial leverage calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Total assets | 3,410,720) | 3,486,824) | 3,370,655) | 3,394,896) | 3,383,407) | 3,501,252) | 3,319,906) | 3,488,426) | 3,609,154) | 3,809,425) | 3,762,182) | 4,000,922) | 3,719,717) | 3,652,346) | 3,436,512) | 3,249,189) | 2,820,388) | 2,787,014) | 2,698,791) | 2,671,514) | 2,616,643) | |||||||
| Shareholders’ equity | 2,557,829) | 2,525,897) | 2,441,300) | 2,434,883) | 2,449,462) | 2,451,294) | 2,254,125) | 2,298,596) | 2,474,532) | 2,562,444) | 2,537,493) | 2,493,256) | 2,324,553) | 2,207,018) | 1,993,544) | 1,744,551) | 1,550,673) | 1,480,158) | 1,482,635) | 1,479,412) | 1,470,228) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 1.33 | 1.38 | 1.38 | 1.39 | 1.38 | 1.43 | 1.47 | 1.52 | 1.46 | 1.49 | 1.48 | 1.60 | 1.60 | 1.65 | 1.72 | 1.86 | 1.82 | 1.88 | 1.82 | 1.81 | 1.78 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 1.21 | 1.21 | 1.23 | 1.23 | 1.24 | 1.23 | 1.24 | 1.22 | 1.21 | 1.66 | 1.56 | 1.51 | 1.55 | 1.54 | 1.82 | 1.99 | 1.93 | 2.13 | 2.41 | 2.68 | 2.76 | |||||||
| Analog Devices Inc. | 1.36 | 1.37 | 1.37 | 1.38 | 1.38 | 1.38 | 1.37 | 1.37 | 1.37 | 1.38 | 1.76 | 1.77 | 1.77 | 1.79 | 1.83 | 1.84 | 1.83 | 1.83 | 1.83 | 1.85 | 1.88 | |||||||
| Applied Materials Inc. | 1.81 | 1.88 | 2.01 | 2.06 | 2.08 | 2.19 | 2.17 | 2.20 | 2.14 | 2.11 | 2.03 | 2.01 | 2.03 | 2.11 | 2.21 | 2.42 | 2.28 | 2.32 | 2.32 | 2.29 | 2.31 | |||||||
| Broadcom Inc. | 2.53 | 3.04 | 3.24 | 3.26 | 3.13 | 3.23 | 3.42 | 3.42 | 3.19 | 3.03 | 3.12 | 3.15 | 3.21 | 3.18 | 3.37 | 3.41 | 3.32 | 2.71 | 3.24 | 3.20 | 3.10 | |||||||
| First Solar Inc. | 1.56 | 1.55 | 1.52 | 1.49 | 1.46 | 1.41 | 1.29 | 1.26 | 1.26 | 1.24 | 1.25 | 1.25 | 1.25 | 1.29 | 1.29 | 1.35 | 1.34 | 1.47 | 1.36 | 1.39 | 1.41 | |||||||
| Intel Corp. | 1.82 | 1.81 | 1.85 | 1.84 | 1.89 | 1.80 | 1.75 | 1.68 | 1.71 | 1.77 | 1.86 | 1.81 | 1.89 | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 1.80 | 1.74 | 1.76 | |||||||
| KLA Corp. | 4.73 | 4.82 | 5.10 | 5.27 | 6.24 | 8.99 | 2.95 | 2.89 | 2.89 | 3.04 | 3.19 | 3.34 | 3.39 | 3.48 | 3.83 | 3.46 | 3.47 | 3.39 | 3.22 | 3.51 | 3.60 | |||||||
| Lam Research Corp. | 2.30 | 2.29 | 2.29 | 2.31 | 2.53 | 2.74 | 2.75 | 2.58 | 2.67 | 2.64 | 2.85 | 2.79 | 2.78 | 2.81 | 2.85 | 2.72 | 2.50 | 2.57 | 2.44 | 1.86 | 2.06 | |||||||
| Micron Technology Inc. | 1.49 | 1.46 | 1.45 | 1.41 | 1.38 | 1.33 | 1.32 | 1.33 | 1.33 | 1.34 | 1.32 | 1.33 | 1.35 | 1.38 | 1.38 | 1.34 | 1.36 | 1.36 | 1.31 | 1.37 | 1.32 | |||||||
| Monolithic Power Systems Inc. | 1.22 | 1.19 | 1.20 | 1.21 | 1.25 | 1.23 | 1.26 | 1.25 | 1.29 | 1.27 | 1.29 | 1.26 | 1.28 | 1.25 | 1.27 | 1.26 | 1.24 | 1.24 | 1.25 | 1.23 | 1.25 | |||||||
| NVIDIA Corp. | 1.81 | 1.86 | 1.90 | 1.82 | 1.72 | 1.66 | 1.71 | 1.83 | 1.64 | 1.70 | 1.75 | 1.81 | 1.78 | 1.42 | 1.41 | 1.43 | 1.44 | 1.42 | 1.44 | 1.46 | 1.49 | |||||||
| Qualcomm Inc. | 2.26 | 2.37 | 2.37 | 2.46 | 2.66 | 2.72 | 2.93 | 3.32 | 3.78 | 4.14 | 4.74 | 5.01 | 5.08 | 5.86 | 9.78 | 10.49 | 7.34 | 6.71 | 6.25 | 8.80 | 9.47 | |||||||
| Texas Instruments Inc. | 2.05 | 1.91 | 1.90 | 1.94 | 1.92 | 1.87 | 1.80 | 1.75 | 1.80 | 1.85 | 1.92 | 1.85 | 1.93 | 2.11 | 2.19 | 2.28 | 2.23 | 2.02 | 2.00 | 2.05 | 2.05 | |||||||
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).
1 Q1 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 3,410,720 ÷ 2,557,829 = 1.33
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Teradyne Inc. financial leverage ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Interest Coverage
Teradyne Inc., interest coverage calculation (quarterly data)
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income | 64,197) | 117,055) | 128,116) | 120,050) | 83,531) | 172,301) | 183,485) | 197,787) | 161,928) | 224,040) | 256,718) | 328,319) | 205,512) | 196,330) | 222,718) | 188,908) | 176,191) | 125,073) | 135,860) | 97,397) | 109,138) | |||||||
| Add: Income tax expense | 8,705) | 22,751) | 16,164) | 24,352) | 13,553) | 22,936) | 42,712) | 40,805) | 18,431) | 31,141) | 41,037) | 55,707) | 18,481) | 26,594) | 41,013) | 28,383) | 20,878) | 23,810) | 15,873) | 33,780) | (15,159) | |||||||
| Add: Interest expense | 661) | 811) | 963) | 1,045) | 987) | 1,015) | 779) | 913) | 1,012) | 2,465) | 3,785) | 5,566) | 6,004) | 6,351) | 6,237) | 6,043) | 5,551) | 5,950) | 5,682) | 5,800) | 5,713) | |||||||
| Earnings before interest and tax (EBIT) | 73,563) | 140,617) | 145,243) | 145,447) | 98,071) | 196,252) | 226,976) | 239,505) | 181,371) | 257,646) | 301,540) | 389,592) | 229,997) | 229,275) | 269,968) | 223,334) | 202,620) | 154,833) | 157,415) | 136,977) | 99,692) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 145.08 | 139.09 | 145.89 | 174.27 | 205.96 | 226.97 | 175.18 | 119.89 | 88.10 | 66.15 | 53.00 | 46.31 | 38.67 | 38.26 | 35.77 | 31.78 | 28.36 | 23.72 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 7.65 | 5.79 | 1.05 | -2.15 | 2.73 | 14.61 | 33.91 | 69.08 | 104.42 | 109.09 | 87.31 | 63.00 | 41.84 | 28.23 | 17.71 | 10.58 | 7.71 | 4.96 | — | — | — | |||||||
| Analog Devices Inc. | 11.83 | 14.63 | 17.96 | 19.23 | 19.42 | 16.46 | 10.14 | 9.06 | 7.26 | 8.19 | 11.64 | 10.46 | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 | 7.49 | — | — | — | |||||||
| Applied Materials Inc. | 34.86 | 33.42 | 32.62 | 33.39 | 34.20 | 34.33 | 34.58 | 34.95 | 33.14 | 29.69 | 26.24 | 21.94 | 19.19 | 18.36 | 16.68 | 15.79 | 15.35 | 14.79 | — | — | — | |||||||
| Broadcom Inc. | 0.40 | 0.52 | 0.41 | 0.41 | 0.38 | 0.38 | 0.35 | 0.35 | 0.36 | 0.33 | 0.12 | 0.12 | 0.12 | 0.13 | 0.15 | 0.16 | 0.17 | 0.18 | — | — | — | |||||||
| First Solar Inc. | 52.86 | 69.75 | 57.26 | 19.81 | 11.59 | 1.70 | 16.69 | 26.03 | 20.52 | 44.65 | 34.42 | 28.83 | 27.96 | 13.11 | 7.29 | 1.22 | -1.10 | -3.45 | — | — | — | |||||||
| KLA Corp. | 13.03 | 13.76 | 15.81 | 18.22 | 20.31 | 22.76 | 21.81 | 20.60 | 17.91 | 16.00 | 14.05 | 10.71 | 9.97 | 9.22 | 8.12 | 9.19 | 9.95 | 11.40 | — | — | — | |||||||
| Micron Technology Inc. | -13.14 | -13.58 | -7.73 | 10.11 | 36.19 | 51.66 | 58.47 | 51.74 | 45.03 | 35.18 | 24.82 | 19.35 | 17.83 | 16.41 | 14.78 | 15.68 | 28.05 | 56.09 | — | — | — | |||||||
| NVIDIA Corp. | 18.63 | 16.96 | 23.23 | 31.40 | 39.65 | 43.12 | 38.65 | 34.29 | 26.81 | 24.96 | 28.27 | 34.95 | 56.66 | 58.12 | 43.98 | 44.64 | 54.11 | 68.17 | — | — | — | |||||||
| Qualcomm Inc. | 12.44 | 11.72 | 15.28 | 22.27 | 26.92 | 31.61 | 31.54 | 24.20 | 21.71 | 19.38 | 18.60 | 16.10 | 13.40 | 10.50 | 6.17 | 13.70 | 13.71 | 12.93 | — | — | — | |||||||
| Texas Instruments Inc. | 17.87 | 22.01 | 26.51 | 33.49 | 42.10 | 47.88 | 51.88 | 52.00 | 51.03 | 49.47 | 46.81 | 42.15 | 36.25 | 32.67 | 29.59 | 30.50 | 32.50 | 34.69 | — | — | — | |||||||
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).
1 Q1 2024 Calculation
Interest coverage
= (EBITQ1 2024
+ EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023)
÷ (Interest expenseQ1 2024
+ Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023)
= (73,563 + 140,617 + 145,243 + 145,447)
÷ (661 + 811 + 963 + 1,045)
= 145.08
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Teradyne Inc. interest coverage ratio deteriorated from Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level. |