Dycom Industries Inc (DY)
Current ratio
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,550,040 | 1,492,680 | 1,356,090 | 1,168,630 | 1,258,290 |
| Total current liabilities | US$ in thousands | 506,304 | 469,551 | 381,796 | 448,490 | 323,025 |
| Current ratio | 3.06 | 3.18 | 3.55 | 2.61 | 3.90 |
January 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,550,040K ÷ $506,304K
= 3.06
The current ratio of Dycom Industries, Inc. has fluctuated over the past five years, ranging from 2.61 in January 2021 to 3.90 in January 2020. As of January 27, 2024, the current ratio stands at 3.06, indicating that the company has $3.06 in current assets for every $1 of current liabilities.
A current ratio above 1 generally suggests that a company is able to meet its short-term obligations. Dycom's current ratio has consistently been above 2 in the past four years, indicating a strong liquidity position. However, the slight decrease from 3.55 in January 2022 to 3.06 in January 2024 may raise some concerns about the company's ability to cover its short-term liabilities with current assets.
It is important to monitor this ratio over time to ensure that Dycom can continue to meet its short-term financial obligations.
Peer comparison
Jan 27, 2024