Dolby Laboratories (DLB)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 482,047 | 741,636 | 709,535 | 656,816 | 745,364 | 765,079 | 688,443 | 626,158 | 620,127 | 858,905 | 900,393 | 1,056,690 | 1,225,380 | 1,219,650 | 1,104,570 | 1,110,020 | 1,071,880 | 855,103 | 724,931 | 741,429 |
| Short-term investments | US$ in thousands | 0 | 127,321 | 115,863 | 140,823 | 139,148 | 124,210 | 126,393 | 132,875 | 189,213 | 156,812 | 141,688 | 80,618 | 38,839 | 48,277 | 58,582 | 52,261 | 46,948 | 189,383 | 174,859 | 170,234 |
| Total current liabilities | US$ in thousands | 417,836 | 354,536 | 442,902 | 394,096 | 422,226 | 423,036 | 314,011 | 290,447 | 277,518 | 285,485 | 280,959 | 283,290 | 315,717 | 308,965 | 308,977 | 316,419 | 267,109 | 257,702 | 307,254 | 293,459 |
| Cash ratio | 1.15 | 2.45 | 1.86 | 2.02 | 2.09 | 2.10 | 2.59 | 2.61 | 2.92 | 3.56 | 3.71 | 4.01 | 4.00 | 4.10 | 3.76 | 3.67 | 4.19 | 4.05 | 2.93 | 3.11 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($482,047K
+ $0K)
÷ $417,836K
= 1.15
The cash ratio for Dolby Laboratories has fluctuated over the periods indicated in the table. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Looking at the trend over time, we see that the cash ratio has generally been above 1.0, which suggests that Dolby Laboratories has had sufficient cash on hand to cover its short-term liabilities. The ratio peaked at 4.19 as of December 31, 2019, indicating a very strong liquidity position at that time.
There have been some fluctuations in the cash ratio in more recent periods, ranging from 1.15 to 3.71. While the ratio remains above 1.0 in these periods, it is notable that there has been some variability in Dolby Laboratories' cash position.
Overall, the cash ratio analysis suggests that Dolby Laboratories has typically maintained a healthy level of liquidity to meet its short-term obligations, with the trend showing some variability in recent periods. This indicates that the company has managed its cash position effectively, providing a buffer against unforeseen financial challenges.
Peer comparison
Sep 30, 2024