Dycom Industries Inc (DY)
Cash ratio
| Oct 26, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 15,269 | 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 |
| Short-term investments | US$ in thousands | — | 1,372 | 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 |
| Total current liabilities | US$ in thousands | 608,475 | 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 |
| Cash ratio | 0.03 | 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 |
October 26, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($15,269K
+ $—K)
÷ $608,475K
= 0.03
The cash ratio of Dycom Industries Inc, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated significantly over the past few quarters.
As of October 26, 2024, the cash ratio stood at 0.03, indicating that the company had only 3 cents of cash and cash equivalents for every dollar of current liabilities. This suggests a relatively low liquidity position and potential difficulty in meeting short-term obligations solely from cash on hand.
However, looking back over recent quarters, the cash ratio has shown varying levels of strength. The ratio was notably higher in some periods, such as January 29, 2022, and January 28, 2023, reaching 0.85 and 0.52 respectively. These higher ratios indicate a healthier liquidity position during those periods, with more cash available to cover short-term liabilities.
On the other hand, there were quarters, like January 30, 2021, where the cash ratio was very low at 0.05, signaling a potential liquidity concern. Overall, the trend in the cash ratio for Dycom Industries Inc appears to be volatile, with fluctuations in the company's ability to meet short-term obligations using cash and cash equivalents alone.
It is essential for investors and analysts to closely monitor Dycom's liquidity position and overall financial health, especially considering the fluctuations in the cash ratio observed in the recent quarters.
Peer comparison
Oct 26, 2024