In fact, TDY managed to continue deleveraging its balance sheet from ~4x in FY21 to 1.9x in 4Q24 and to 1.8x in 1Q25. If we assume that ~4x is the upper limit that management is willing to risk ...

Whether you’re shopping for a laptop or just curious what these companies are up to, here’s my own attempt to simplify everything down and make it all digestible in cheat sheet format.