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 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 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 3.00 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 2.59

July 27, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,564K + $1,372K + $1,513,730K) ÷ $511,103K
= 3.00

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

Company name
Symbol
Quick ratio
Dycom Industries Inc
DY
3.00
MasTec Inc
MTZ
0.67
MYR Group Inc
MYRG
0.76