Dycom Industries Inc (DY)
Current ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,694,630 | 1,550,040 | 1,550,040 | 1,492,680 | 1,492,680 |
| Total current liabilities | US$ in thousands | 587,153 | 506,304 | 506,304 | 469,551 | 469,551 |
| Current ratio | 2.89 | 3.06 | 3.06 | 3.18 | 3.18 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,694,630K ÷ $587,153K
= 2.89
Based on the provided data, Dycom Industries Inc's current ratio has been relatively stable over the past few years. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
Dycom Industries Inc's current ratio was 3.18 as of January 28, 2023, and January 31, 2023. It then decreased slightly to 3.06 as of January 27, 2024, and remained the same at 3.06 as of January 31, 2024. However, there was a further decrease to 2.89 as of January 31, 2025.
A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally a positive sign. Dycom Industries Inc's current ratios are well above 1, indicating a strong ability to meet its short-term obligations with its current assets.
It is important to keep monitoring the current ratio over time to ensure that the company maintains a healthy liquidity position and can meet its short-term financial commitments.
Peer comparison
Jan 31, 2025