Dycom Industries Inc (DY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,896,820 | 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 |
| 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 |
| Current ratio | 3.12 | 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 |
October 26, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,896,820K ÷ $608,475K
= 3.12
The current ratio of Dycom Industries Inc has exhibited fluctuations over the past few years, ranging from a low of 2.61 to a high of 4.51. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.
Based on the data provided, Dycom Industries Inc's current ratio has generally remained above 3.0, indicating a healthy liquidity position. The company has maintained a solid level of current assets relative to its current liabilities, which suggests efficient management of working capital and the ability to handle short-term financial obligations.
The fluctuations in the current ratio over time may be influenced by various factors such as changes in the company's working capital management, investment in current assets, or changes in short-term liabilities. Overall, the company's current ratio trend indicates a consistent ability to meet its short-term financial obligations and suggests a stable financial position.
Peer comparison
Oct 26, 2024