diff --git a/deps/external_dependency.cmake b/deps/external_dependency.cmake
index 52ef9201..6ee16da1 100644
--- a/deps/external_dependency.cmake
+++ b/deps/external_dependency.cmake
@@ -20,7 +20,6 @@ function(external_dependency)
     if(IS_DIRECTORY ${CMAKE_CURRENT_SOURCE_DIR}/${ARGV0})
       message(STATUS "Found sources for dependency ${ARGV0} at ${CMAKE_CURRENT_SOURCE_DIR}/${ARGV0}.")
       add_subdirectory(${ARGV0} ${subdir_opts})
-      set(${ARGV0}_FOUND TRUE CACHE BOOL "Was dependency ${ARGV0} found?")
     elseif(ARG_GIT_REPO)
       set(bin_dir ${CMAKE_CURRENT_BINARY_DIR}/${ARGV0})
       set(src_dir ${bin_dir}_src)
@@ -31,9 +30,9 @@ function(external_dependency)
 	execute_process(COMMAND git clone ${ARG_GIT_REPO} --depth 1 ${clone_opts} ${src_dir})
       endif()
       add_subdirectory(${src_dir} ${bin_dir} ${subdir_opts})
-      set(${ARGV0}_FOUND TRUE CACHE BOOL "Was dependency ${ARGV0} found?")
     else()
       message(FATAL_ERROR "Could not find dependency ${ARGV0}")
     endif()
+    set(${ARGV0}_FOUND TRUE CACHE BOOL "Was dependency ${ARGV0} found?")
   endif()
 endfunction()