Dolby Laboratories (DLB)
Quick 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 | 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 |
| Receivables | US$ in thousands | 489,265 | 422,843 | 433,131 | 426,128 | 412,645 | 408,065 | 401,315 | 401,497 | 350,493 | — | — | 346,549 | 330,109 | 384,980 | 401,705 | 420,748 | 242,440 | 324,386 | 362,043 | 191,001 |
| 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 |
| Quick ratio | 2.32 | 3.64 | 2.84 | 3.11 | 3.07 | 3.07 | 3.87 | 4.00 | 4.18 | 3.56 | 3.71 | 5.24 | 5.05 | 5.35 | 5.06 | 5.00 | 5.10 | 5.31 | 4.11 | 3.76 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($482,047K
+ $0K
+ $489,265K)
÷ $417,836K
= 2.32
The quick ratio of Dolby Laboratories has displayed a generally healthy trend over the past several quarters. The quick ratio, a measure of a company's ability to meet its short-term obligations with its most liquid assets, such as cash and accounts receivable, has shown consistent strength.
The quick ratio values range from a low of 2.32 to a high of 5.35 over the periods analyzed. Generally, a quick ratio above 1 indicates that a company has enough liquid assets to cover its short-term liabilities. Dolby Laboratories quick ratio consistently exceeded 2, which indicates a strong ability to meet its short-term financial obligations without relying heavily on inventory or other less liquid assets.
The highest quick ratio of 5.35 was reported in the first quarter of 2021, suggesting a peak level of liquidity during that period. This could imply a high level of efficiency in managing short-term assets and liabilities.
Overall, the increasing trend in the quick ratio values over time, peaking at 5.35, indicates that Dolby Laboratories has maintained a solid liquidity position and a strong ability to manage its short-term financial obligations effectively.
Peer comparison
Sep 30, 2024