Dycom Industries Inc (DY)

Cash ratio

Jul 27, 2024 Apr 27, 2024 Jan 27, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019
Cash and cash equivalents US$ in thousands 19,564 26,139 101,086 15,665 83,377 71,397 224,186 65,285 120,278 185,568 310,757 263,701 261,947 330,615 11,770 12,036 22,535 643,876 54,560 11,837
Short-term investments US$ in thousands 22,281 21,039 20,218 19,983 22,337 20,447 19,919 17,813 16,515 15,352 14,083 13,810 15,511 15,004 12,817 14,255 23,092 16,862 17,447 14,665
Total current liabilities US$ in thousands 511,103 513,554 506,304 488,820 459,446 433,074 469,551 471,100 432,145 395,681 381,796 393,153 447,523 436,079 448,490 463,715 411,324 428,294 323,025 364,787
Cash ratio 0.08 0.09 0.24 0.07 0.23 0.21 0.52 0.18 0.32 0.51 0.85 0.71 0.62 0.79 0.05 0.06 0.11 1.54 0.22 0.07

July 27, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($19,564K + $22,281K) ÷ $511,103K
= 0.08

The cash ratio of Dycom Industries Inc has exhibited fluctuations over the periods provided, ranging from as low as 0.04 to as high as 1.54. The cash ratio measures the company's ability to cover its short-term liabilities solely with its cash and cash equivalents.

The trend indicates that there have been some fluctuations in Dycom Industries Inc's liquidity position over the past few years. It appears that the company had relatively lower levels of cash relative to its short-term liabilities in some periods, as evidenced by the lower cash ratios. On the other hand, there were periods where the company held significantly more cash compared to its short-term obligations, as seen in the higher cash ratios.

Overall, a higher cash ratio suggests that Dycom Industries Inc has a stronger ability to meet its short-term obligations using its readily available cash reserves. Conversely, a lower cash ratio may indicate a potential liquidity risk, as the company may struggle to cover its short-term liabilities with available cash alone. Further analysis and consideration of other financial metrics would provide a more comprehensive understanding of Dycom Industries Inc's overall liquidity position.


Peer comparison

Jul 27, 2024

Company name
Symbol
Cash ratio
Dycom Industries Inc
DY
0.08
MasTec Inc
MTZ
0.19
MYR Group Inc
MYRG
0.03