DXP Enterprises Inc (DXPE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 148,320 | 35,000 | 50,026 | 139,788 | 173,211 | 27,176 | 15,533 | 58,282 | 46,026 | 16,972 | 20,574 | 36,559 | 48,989 | 63,043 | 79,169 | 127,361 | 117,353 | 97,287 | 78,678 | 32,730 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.61 | 0.14 | 0.22 | 0.61 | 0.77 | 0.12 | 0.07 | 0.26 | 0.22 | 0.07 | 0.09 | 0.21 | 0.27 | 0.33 | 0.40 | 0.83 | 0.81 | 0.62 | 0.53 | 0.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($148,320K
+ $—K
+ $—K)
÷ $243,984K
= 0.61
The quick ratio of DXP Enterprises Inc has shown significant fluctuations over the years. As of December 31, 2024, the quick ratio stood at 0.61, indicating the company had $0.61 in liquid assets available to cover each dollar of current liabilities. This is a positive sign as it suggests the company has a strong ability to meet its short-term obligations using its highly liquid assets.
However, it is crucial to note that the quick ratio has been volatile in the past, with values ranging from a low of 0.07 on June 30, 2022, to a high of 0.83 on March 31, 2021. The fluctuating nature of the quick ratio may indicate varying levels of liquidity and potential challenges in managing short-term obligations efficiently.
Overall, while the recent quick ratio of 0.61 as of December 31, 2024, portrays a healthy liquidity position for DXP Enterprises Inc, continuous monitoring and management of liquidity are essential to ensure the company can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024