Dolby Laboratories (DLB)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,451,360 | 1,487,800 | 1,469,360 | 1,462,600 | 1,349,420 | 1,310,890 | 1,504,720 | 1,621,570 | 1,695,140 | 1,760,500 | 1,772,880 | 1,751,150 | 1,724,670 | 1,547,200 | 1,503,440 | 1,459,570 | 1,401,010 | 1,381,540 | 1,338,820 | 1,395,760 |
| Total current liabilities | US$ in thousands | 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 | 306,853 | 278,339 | 265,450 |
| Current ratio | 3.68 | 3.52 | 3.47 | 4.66 | 4.65 | 4.72 | 5.27 | 5.77 | 5.98 | 5.58 | 5.74 | 5.67 | 5.45 | 5.79 | 5.83 | 4.75 | 4.77 | 4.50 | 4.81 | 5.26 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,451,360K ÷ $394,096K
= 3.68
The current ratio of Dolby Laboratories has shown fluctuations over the past few quarters. As of December 31, 2023, the current ratio stands at 3.68, indicating that the company has $3.68 in current assets for every $1 in current liabilities. This suggests that Dolby Laboratories has a strong ability to meet its short-term obligations.
The current ratio has generally been above 4 in recent quarters, reaching as high as 5.98 in December 2021. This indicates a consistently healthy liquidity position for the company. It is worth noting that the current ratio dipped to 3.47 in June 2023, but has since rebounded.
Overall, Dolby Laboratories' current ratio suggests that the company has a robust working capital position, with ample current assets to cover its short-term liabilities. However, monitoring any further fluctuations in the ratio will be crucial to assess any potential changes in the company's liquidity and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023