Dolby Laboratories (DLB)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,487,800 | 1,310,890 | 1,760,500 | 1,547,200 | 1,381,540 |
| Total current liabilities | US$ in thousands | 422,226 | 277,518 | 315,717 | 267,109 | 306,853 |
| Current ratio | 3.52 | 4.72 | 5.58 | 5.79 | 4.50 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,487,800K ÷ $422,226K
= 3.52
The current ratio of Dolby Laboratories has shown a declining trend over the past five years, from 4.50 in 2019 to 3.52 in 2023. Despite the decrease, the company's current ratio remains above 1, which indicates that Dolby Laboratories has more than enough current assets to cover its current liabilities. However, the decreasing trend suggests that the company's liquidity position may be weakening over time. It is important for Dolby Laboratories to closely monitor this ratio to ensure it maintains a healthy level of liquidity to meet its short-term obligations.
Peer comparison
Sep 30, 2023
Company name
Symbol
Current ratio
Dolby Laboratories
DLB
3.52
InterDigital Inc
IDCC
1.33
Marathon Digital Holdings Inc
MARA
30.51