Dycom Industries Inc (DY)

Cash ratio

Jan 27, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Jan 25, 2020
Cash and cash equivalents US$ in thousands 101,086 224,186 310,757 11,770 54,560
Short-term investments US$ in thousands 20,218 19,919 14,083 12,817 17,447
Total current liabilities US$ in thousands 506,304 469,551 381,796 448,490 323,025
Cash ratio 0.24 0.52 0.85 0.05 0.22

January 27, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($101,086K + $20,218K) ÷ $506,304K
= 0.24

The cash ratio of Dycom Industries, Inc. has shown fluctuations over the past five years. The ratio has decreased from 1.06 in January 2020 to 0.39 in January 2024. This suggests a decrease in the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The highest cash ratio was observed in January 2022 at 0.99, indicating that the company had a strong ability to meet its short-term obligations with its readily available cash during that period. However, it declined to 0.53 in January 2021, reflecting a temporary weakening of its liquidity position.

It is important for Dycom Industries, Inc. to carefully manage its cash resources to ensure that it maintains a healthy cash ratio, as a low ratio may indicate potential liquidity issues and difficulties in meeting short-term obligations. Further analysis of the company's cash management practices and overall financial health is recommended to understand the reasons behind these fluctuations in the cash ratio.


Peer comparison

Jan 27, 2024

Company name
Symbol
Cash ratio
Dycom Industries Inc
DY
0.24
MasTec Inc
MTZ
0.19
MYR Group Inc
MYRG
0.03