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 | — | 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 | 0.04 | 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
+ $—K)
÷ $511,103K
= 0.04
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