DXP Enterprises Inc (DXPE)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 148,320 | 35,000 | 50,026 | 139,788 | 173,211 | 27,176 | 15,533 | 58,282 | 46,026 | 16,972 | 20,574 | 36,559 | 48,989 | 63,043 | 79,169 | 127,361 | 117,353 | 97,287 | 78,678 | 32,730 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 243,984 | 249,363 | 227,703 | 229,402 | 224,165 | 221,858 | 207,965 | 224,755 | 212,901 | 245,861 | 237,527 | 177,980 | 181,062 | 188,621 | 197,835 | 153,356 | 144,139 | 155,872 | 149,219 | 144,552 |
| Cash ratio | 0.61 | 0.14 | 0.22 | 0.61 | 0.77 | 0.12 | 0.07 | 0.26 | 0.22 | 0.07 | 0.09 | 0.21 | 0.27 | 0.33 | 0.40 | 0.83 | 0.81 | 0.62 | 0.53 | 0.23 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($148,320K
+ $—K)
÷ $243,984K
= 0.61
The cash ratio of DXP Enterprises Inc has fluctuated over the years, ranging from a low of 0.07 to a high of 0.83. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to June 30, 2021, the cash ratio showed an increasing trend, indicating an improvement in the company's liquidity position. However, from June 30, 2021, to December 31, 2022, there was a decrease in the cash ratio, suggesting a potential decline in the company's ability to cover its short-term obligations with cash.
The cash ratio hit a low point of 0.07 on June 30, 2024, which may raise concerns about the company's liquidity position. However, by December 31, 2024, the ratio had rebounded to 0.61, showing a significant improvement.
Overall, the fluctuating cash ratio of DXP Enterprises Inc indicates variability in its liquidity position over the years, highlighting the importance of monitoring cash levels to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024