DXP Enterprises Inc (DXPE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 661,874 | 648,554 | 516,114 | 404,574 | 406,583 |
| Total current liabilities | US$ in thousands | 243,984 | 224,165 | 212,901 | 181,062 | 144,139 |
| Current ratio | 2.71 | 2.89 | 2.42 | 2.23 | 2.82 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $661,874K ÷ $243,984K
= 2.71
The current ratio of DXP Enterprises Inc has shown some fluctuations over the past five years. It was 2.82 as of December 31, 2020, indicating the company had $2.82 in current assets for every $1 of current liabilities.
Subsequently, the current ratio decreased to 2.23 by the end of 2021, although it remained above 2, suggesting a healthy liquidity position.
In 2022, the current ratio improved slightly to 2.42, indicating the company had increased its current assets relative to current liabilities compared to the previous year.
By December 31, 2023, the current ratio further increased to 2.89, showcasing a significant improvement in liquidity, as the company had $2.89 in current assets for every $1 of current liabilities.
However, by the end of 2024, the current ratio declined to 2.71, though it still remained above 2, suggesting that DXP Enterprises Inc continued to maintain a strong liquidity position despite the slight decrease.
Overall, the company's current ratio indicates that it has generally maintained a healthy liquidity position over the analyzed period, ensuring it has adequate current assets to cover its short-term obligations.
Peer comparison
Dec 31, 2024