Dycom Industries Inc (DY)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Oct 26, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 92,670 | 15,269 | 15,269 | 19,564 | 19,564 | 27,511 | 26,139 | 102,458 | 101,086 | 15,665 | 15,665 | 83,377 | 83,377 | 71,397 | 71,397 | 224,186 | 224,186 | 65,285 | 65,285 | 121,650 |
| Short-term investments | US$ in thousands | — | — | — | 1,372 | — | 21,039 | — | 20,218 | — | 19,983 | — | 22,337 | — | 20,447 | — | 19,919 | — | 17,813 | — | 16,515 |
| Receivables | US$ in thousands | — | — | 1,662,760 | — | 1,513,730 | — | 1,373,870 | — | 1,246,490 | — | 1,464,570 | — | 1,226,100 | — | 1,187,020 | — | 1,070,940 | — | 1,244,590 | — |
| Total current liabilities | US$ in thousands | 587,153 | 608,475 | 608,475 | 511,103 | 511,103 | 513,554 | 513,554 | 506,304 | 506,304 | 488,820 | 488,820 | 459,446 | 459,446 | 433,074 | 433,074 | 469,551 | 469,551 | 471,100 | 471,100 | 432,145 |
| Quick ratio | 0.16 | 0.03 | 2.76 | 0.04 | 3.00 | 0.09 | 2.73 | 0.24 | 2.66 | 0.07 | 3.03 | 0.23 | 2.85 | 0.21 | 2.91 | 0.52 | 2.76 | 0.18 | 2.78 | 0.32 |
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 fluctuated significantly over the reported periods. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, ranged from a low of 0.03 to a high of 3.03. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 signifies a strong ability to cover short-term liabilities.
Based on the data provided, the company experienced periods where the quick ratio was below 1, indicating potential liquidity challenges. For instance, on October 31, 2023, and July 31, 2024, the quick ratios were notably low at 0.07 and 0.04, respectively. However, Dycom Industries Inc showed improved liquidity in other periods, such as on April 29, 2023, and July 27, 2024, when the quick ratios were 2.91 and 3.00, respectively, reflecting a healthier position in meeting short-term obligations.
Overall, the fluctuation in Dycom Industries Inc's quick ratio suggests varying levels of liquidity and emphasizes the importance of vigilant management of the company's short-term assets and liabilities to ensure adequate liquidity to meet its financial obligations as they come due.
Peer comparison
Jan 31, 2025