Dolby Laboratories (DLB)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,194,420 | 1,468,660 | 1,551,740 | 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 |
| 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 |
| Current ratio | 2.86 | 4.14 | 3.50 | 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 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,194,420K ÷ $417,836K
= 2.86
The current ratio of Dolby Laboratories has shown a relatively stable trend over the past few years, ranging from 2.86 to 5.98. A current ratio above 1 indicates that the company has more current assets than current liabilities, providing a measure of the company's short-term liquidity and ability to cover its short-term obligations.
The current ratio peaked at 5.98 in the second quarter of 2022, indicating a strong liquidity position during that period. Since then, the current ratio has fluctuated between 3.47 and 4.72, remaining consistently above 3, which is generally considered healthy for most businesses.
The current ratio of 2.86 in the most recent quarter (September 30, 2024) indicates that Dolby Laboratories still has more than twice the amount of current assets compared to current liabilities, suggesting a solid liquidity position. However, it is lower compared to some of the previous quarters.
Overall, Dolby Laboratories has maintained a strong current ratio, reflecting its ability to meet its short-term financial obligations comfortably. It is important for the company to continue monitoring its liquidity position to ensure it remains well-equipped to handle any potential short-term financial challenges.
Peer comparison
Sep 30, 2024