Dycom Industries Inc (DY)
Quick ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 92,670 | 101,086 | 101,086 | 224,186 | 224,186 |
| Short-term investments | US$ in thousands | — | 1,372 | — | 19,919 | — |
| Receivables | US$ in thousands | — | — | 1,246,490 | — | 1,070,940 |
| Total current liabilities | US$ in thousands | 587,153 | 506,304 | 506,304 | 469,551 | 469,551 |
| Quick ratio | 0.16 | 0.20 | 2.66 | 0.52 | 2.76 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($92,670K
+ $—K
+ $—K)
÷ $587,153K
= 0.16
The quick ratio of Dycom Industries Inc has shown fluctuations over the past several years, indicating varying liquidity levels. The quick ratio was robust at 2.76 on January 28, 2023, suggesting the company had $2.76 in liquid assets available to cover each dollar of current liabilities. However, this ratio decreased significantly to 0.52 on January 31, 2023, which may raise concerns about the company's short-term liquidity position.
The quick ratio improved to 2.66 on January 27, 2024, indicating a better ability to meet short-term obligations using liquid assets. Subsequently, the quick ratio dropped to a low of 0.20 on January 31, 2024, which may signal potential liquidity challenges if current liabilities need to be settled quickly.
As of January 31, 2025, the quick ratio further declined to 0.16, indicating a continued decrease in the company's ability to meet short-term obligations with its readily available liquid assets. Overall, the fluctuating quick ratio suggests that Dycom Industries Inc may need to closely monitor its liquidity position and manage its current liabilities effectively to ensure financial stability in the short term.
Peer comparison
Jan 31, 2025