Dycom Industries Inc (DY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 15,269 | 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 |
| Short-term investments | US$ in thousands | — | 1,372 | 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 |
| 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 | 1,125,080 | 1,009,690 | 909,408 | 967,261 | 941,579 | — | 859,863 | 939,755 | 898,754 | 870,791 | 820,632 |
| 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 |
| Quick ratio | 2.76 | 3.00 | 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 |
October 26, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($15,269K
+ $—K
+ $1,662,760K)
÷ $608,475K
= 2.76
The quick ratio of Dycom Industries Inc has exhibited fluctuations over the past few years. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio of 1 or higher is generally considered acceptable, as it indicates the company has enough liquid assets to cover its short-term obligations.
Dycom's quick ratio has generally been above 2 in recent years, indicating a strong ability to meet its short-term liabilities with its current assets excluding inventory. The highest quick ratio of 3.58 was recorded in January 2020, while the lowest quick ratio of 0.79 was observed in May 2021. This significant drop in the quick ratio in May 2021 could be attributed to a decrease in liquid assets or an increase in short-term liabilities during that period.
Overall, Dycom Industries Inc has maintained a relatively healthy quick ratio above 2, which suggests the company has a comfortable liquidity position to meet its short-term financial obligations. It is important for investors and stakeholders to monitor the quick ratio over time to assess the company's liquidity risk and financial health.
Peer comparison
Oct 26, 2024