Domino’s Pizza Inc (DPZ)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 114,098 | 60,356 | 148,160 | 168,821 | 190,615 |
| Short-term investments | US$ in thousands | — | 13,395 | 15,433 | 13,251 | 11,982 |
| Receivables | US$ in thousands | 282,809 | 257,492 | 255,327 | 244,560 | 210,260 |
| Total current liabilities | US$ in thousands | 547,350 | 536,621 | 590,741 | 470,819 | 453,831 |
| Quick ratio | 0.73 | 0.62 | 0.71 | 0.91 | 0.91 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($114,098K
+ $—K
+ $282,809K)
÷ $547,350K
= 0.73
The quick ratio for Dominos Pizza Inc has fluctuated over the past five years. In 2023, the quick ratio was 0.78, indicating that the company had $0.78 in liquid assets available to cover each dollar of current liabilities. This was an improvement from 2022 when the quick ratio was 0.66. However, it was lower than both 2021 and 2019, when the company had more liquid assets relative to its current liabilities.
The quick ratio of Dominos Pizza Inc in 2023 suggests that the company may face some challenges in meeting its short-term obligations with its current liquid assets. It is important for investors and stakeholders to monitor this ratio to ensure that the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023