Dycom Industries Inc (DY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,760,660 | 1,626,820 | 1,550,040 | 1,708,730 | 1,555,250 | 1,483,840 | 1,492,680 | 1,513,020 | 1,433,800 | 1,369,950 | 1,356,090 | 1,449,000 | 1,477,710 | 1,498,050 | 1,168,630 | 1,265,510 | 1,306,640 | 1,930,880 | 1,258,290 | 1,411,930 |
| 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 |
| Current ratio | 3.44 | 3.17 | 3.06 | 3.50 | 3.39 | 3.43 | 3.18 | 3.21 | 3.32 | 3.46 | 3.55 | 3.69 | 3.30 | 3.44 | 2.61 | 2.73 | 3.18 | 4.51 | 3.90 | 3.87 |
July 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,760,660K ÷ $511,103K
= 3.44
The current ratio of Dycom Industries Inc has shown some fluctuations over the past several quarters, ranging from a low of 2.61 to a high of 4.51. The ratio measures the company's ability to cover its short-term liabilities with its current assets, with a higher ratio indicating stronger liquidity.
In recent quarters, the current ratio has generally been above 3, suggesting that Dycom Industries Inc has a sufficient level of current assets to meet its short-term obligations. A ratio above 2 is typically considered healthy, indicating that the company is well positioned to meet its short-term financial commitments.
While the current ratio has shown some variability, it has generally remained within a reasonable range, reflecting a consistent ability to cover short-term liabilities. It is important to monitor the trend of the current ratio over time to assess the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Jul 27, 2024