DXP Enterprises Inc (DXPE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 661,874 | 558,944 | 544,095 | 616,832 | 648,554 | 516,787 | 508,967 | 539,340 | 516,114 | 474,301 | 453,285 | 412,565 | 404,574 | 410,391 | 404,280 | 426,584 | 406,583 | 402,694 | 402,229 | 403,308 |
| 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 |
| Current ratio | 2.71 | 2.24 | 2.39 | 2.69 | 2.89 | 2.33 | 2.45 | 2.40 | 2.42 | 1.93 | 1.91 | 2.32 | 2.23 | 2.18 | 2.04 | 2.78 | 2.82 | 2.58 | 2.70 | 2.79 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $661,874K ÷ $243,984K
= 2.71
DXP Enterprises Inc's current ratio has shown fluctuations over the past few years. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
The current ratio has ranged from a low of 1.91 on June 30, 2022, to a high of 2.89 on December 31, 2023. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is considered favorable.
However, it is important to note that a very high current ratio may suggest that the company is not efficiently utilizing its current assets. On the other hand, a low current ratio could indicate liquidity issues or difficulties in meeting short-term obligations.
Overall, DXP Enterprises Inc's current ratio has been relatively stable within the range of 1.91 to 2.89, indicating that the company has generally been able to meet its short-term obligations comfortably. Regular monitoring of the current ratio along with other financial metrics is recommended to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2024