DXP Enterprises Inc (DXPE)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 648,554 | 516,114 | 404,574 | 409,425 | 409,349 |
| Total current liabilities | US$ in thousands | 224,165 | 212,901 | 181,062 | 147,139 | 139,325 |
| Current ratio | 2.89 | 2.42 | 2.23 | 2.78 | 2.94 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $648,554K ÷ $224,165K
= 2.89
The current ratio of DXP Enterprises Inc has fluctuated over the past five years, ranging from 2.23 to 2.94. As of December 31, 2023, the current ratio stands at 2.89, indicating an improvement from the previous year. A current ratio above 1 suggests that the company has more current assets to cover its current liabilities, with a higher ratio indicating a stronger ability to meet short-term obligations. In the case of DXP Enterprises Inc, the current ratio has generally been healthy and above industry averages, reflecting a good liquidity position. However, investors and creditors should continue to monitor this ratio to ensure the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2023