DXP Enterprises Inc (DXPE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,349,490 | 1,177,440 | 1,037,280 | 906,192 | 851,861 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,349,490K
= 0.00
The debt-to-assets ratio of DXP Enterprises Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that DXP Enterprises Inc relies solely on equity financing to support its operations and investments, which may indicate a strong financial position and lower financial risk. However, it is important to note that a very low debt-to-assets ratio can also imply missed opportunities for leveraging debt for potential growth or expansion.
Peer comparison
Dec 31, 2024