DXP Enterprises Inc (DXPE)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 648,554 | 516,787 | 508,967 | 539,340 | 516,114 | 474,301 | 453,285 | 412,565 | 404,574 | 410,391 | 403,685 | 425,674 | 409,425 | 402,694 | 402,229 | 403,308 | 409,349 | 412,318 | 404,628 | 393,496 |
| Total current liabilities | US$ in thousands | 224,165 | 221,858 | 207,965 | 224,755 | 212,901 | 245,861 | 237,692 | 177,980 | 181,062 | 188,621 | 187,424 | 156,281 | 147,139 | 155,872 | 149,219 | 144,552 | 139,325 | 151,978 | 158,321 | 158,632 |
| Current ratio | 2.89 | 2.33 | 2.45 | 2.40 | 2.42 | 1.93 | 1.91 | 2.32 | 2.23 | 2.18 | 2.15 | 2.72 | 2.78 | 2.58 | 2.70 | 2.79 | 2.94 | 2.71 | 2.56 | 2.48 |
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 exhibited fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
In the latest quarter, Dec 31, 2023, the current ratio stands at 2.89, signaling that DXP Enterprises Inc had $2.89 in current assets for each dollar of current liabilities. This indicates a strong liquidity position and suggests that the company is well-positioned to meet its short-term obligations.
The trend in the current ratio over the quarters shows some variability, with values ranging from 1.91 to 2.89. While there have been fluctuations, the current ratio has generally been above 2, which is considered a healthy level and indicates a strong ability to cover short-term obligations.
Overall, based on the current ratio analysis, DXP Enterprises Inc appears to have a robust liquidity position and the ability to efficiently manage its short-term financial obligations. However, it is important for the company to monitor and maintain its current ratio at a level that ensures continued financial stability in the face of changing market conditions.
Peer comparison
Dec 31, 2023