Dycom Industries Inc (DY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 19,564 | 26,139 | 101,086 | 15,665 | 83,377 | 71,397 | 224,186 | 65,285 | 120,278 | 185,568 | 310,757 | 263,701 | 261,947 | 330,615 | 11,770 | 12,036 | 22,535 | 643,876 | 54,560 | 11,837 |
| Short-term investments | US$ in thousands | 22,281 | 21,039 | 20,218 | 19,983 | 22,337 | 20,447 | 19,919 | 17,813 | 16,515 | 15,352 | 14,083 | 13,810 | 15,511 | 15,004 | 12,817 | 14,255 | 23,092 | 16,862 | 17,447 | 14,665 |
| Receivables | US$ in thousands | 1,513,730 | 1,373,870 | 1,246,490 | 1,464,570 | 1,226,100 | 1,187,020 | 1,070,940 | 1,244,590 | 1,125,080 | 1,009,690 | 909,408 | 967,261 | 941,579 | — | 859,863 | 939,755 | 898,754 | 870,791 | 820,632 | 920,012 |
| 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 |
| Quick ratio | 3.04 | 2.77 | 2.70 | 3.07 | 2.90 | 2.95 | 2.80 | 2.82 | 2.92 | 3.06 | 3.23 | 3.17 | 2.72 | 0.79 | 1.97 | 2.08 | 2.30 | 3.58 | 2.76 | 2.59 |
July 27, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,564K
+ $22,281K
+ $1,513,730K)
÷ $511,103K
= 3.04
The quick ratio of Dycom Industries Inc has exhibited fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
The quick ratio has generally been above 2.5, indicating that Dycom Industries Inc has a sufficient level of liquid assets to cover its current liabilities in the short term. However, there have been instances of variability in the quick ratio, with values ranging from 2.70 to 3.23 in recent quarters.
The quick ratio peaked at 3.23 in the first quarter of 2022, indicating a strong liquidity position at that time. However, in the second quarter of 2021, the quick ratio dropped significantly to 0.79, highlighting potential liquidity challenges during that period.
Overall, the trend in Dycom Industries Inc's quick ratio suggests that the company has generally maintained a healthy liquidity position, although there have been fluctuations which may warrant further investigation into the underlying factors driving these changes.
Peer comparison
Jul 27, 2024