Dycom Industries Inc (DY)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Oct 26, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 92,670 | 15,269 | 15,269 | 19,564 | 19,564 | 27,511 | 26,139 | 102,458 | 101,086 | 15,665 | 15,665 | 83,377 | 83,377 | 71,397 | 71,397 | 224,186 | 224,186 | 65,285 | 65,285 | 121,650 |
| Short-term investments | US$ in thousands | — | — | — | 1,372 | — | 21,039 | — | 20,218 | — | 19,983 | — | 22,337 | — | 20,447 | — | 19,919 | — | 17,813 | — | 16,515 |
| Total current liabilities | US$ in thousands | 587,153 | 608,475 | 608,475 | 511,103 | 511,103 | 513,554 | 513,554 | 506,304 | 506,304 | 488,820 | 488,820 | 459,446 | 459,446 | 433,074 | 433,074 | 469,551 | 469,551 | 471,100 | 471,100 | 432,145 |
| Cash ratio | 0.16 | 0.03 | 0.03 | 0.04 | 0.04 | 0.09 | 0.05 | 0.24 | 0.20 | 0.07 | 0.03 | 0.23 | 0.18 | 0.21 | 0.16 | 0.52 | 0.48 | 0.18 | 0.14 | 0.32 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($92,670K
+ $—K)
÷ $587,153K
= 0.16
The cash ratio of Dycom Industries Inc has fluctuated over the reported periods, ranging from 0.03 to 0.52. The cash ratio provides insight into the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash on hand relative to its current liabilities.
In this case, Dycom Industries Inc's cash ratio has generally been below 0.5, indicating that the company may have some difficulty in meeting its short-term obligations solely from its cash reserves. It's important to note that a very high cash ratio may imply that the company is not efficiently using its cash resources to generate returns or invest in growth opportunities.
The trend in Dycom Industries Inc's cash ratio shows some volatility, with peaks and troughs observed over the reporting periods. This fluctuation may be impacted by various factors such as changes in operating cash flows, capital expenditures, or debt repayments.
Overall, while Dycom Industries Inc's cash ratio has varied, it is essential for stakeholders to monitor this ratio alongside other liquidity and financial metrics to assess the company's overall financial health and ability to meet its short-term obligations.
Peer comparison
Jan 31, 2025