DXP Enterprises Inc (DXPE)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 173,120 | 46,026 | 48,989 | 119,328 | 54,203 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 311,171 | 323,373 | 227,885 | -8,628 | 188,112 |
| Total current liabilities | US$ in thousands | 224,165 | 212,901 | 181,062 | 147,139 | 139,325 |
| Quick ratio | 2.16 | 1.74 | 1.53 | 0.75 | 1.74 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($173,120K
+ $—K
+ $311,171K)
÷ $224,165K
= 2.16
The quick ratio of DXP Enterprises Inc has shown fluctuations over the past five years, ranging from 0.75 to 2.16. The ratio improved significantly from 2020 to 2021, indicating a better ability to meet short-term obligations with liquid assets. However, in 2023, the quick ratio reached its highest point, indicating a strong ability to cover current liabilities with liquid assets. Overall, the trend in the quick ratio suggests that DXP Enterprises Inc has made improvements in its liquidity position over the years, which is a positive indicator of the company's financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023