DXP Enterprises Inc (DXPE)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 520,697 | 408,105 | 408,430 | 408,755 | 409,205 | 313,739 | 314,663 | 315,030 | 315,397 | 315,920 | 316,343 | 316,741 | 317,139 | 209,813 | 220,107 | 235,263 | 235,419 | 235,576 | 236,202 | 236,591 |
| Total stockholders’ equity | US$ in thousands | 380,879 | 363,576 | 369,465 | 374,284 | 365,392 | 386,497 | 375,586 | 360,187 | 346,674 | 361,132 | 353,712 | 361,826 | 360,338 | 322,641 | 356,823 | 351,136 | 353,786 | 341,157 | 329,017 | 315,279 |
| Debt-to-equity ratio | 1.37 | 1.12 | 1.11 | 1.09 | 1.12 | 0.81 | 0.84 | 0.87 | 0.91 | 0.87 | 0.89 | 0.88 | 0.88 | 0.65 | 0.62 | 0.67 | 0.67 | 0.69 | 0.72 | 0.75 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $520,697K ÷ $380,879K
= 1.37
The debt-to-equity ratio of DXP Enterprises Inc has varied over the past few quarters. The ratio has been above 1 on several occasions, indicating a higher level of debt compared to equity. This could suggest that the company relies more on debt financing to fund its operations and growth initiatives.
There seems to be a general upward trend in the debt-to-equity ratio starting from the second quarter of 2022, peaking in the fourth quarter of 2023. This trend may raise concerns about the company's financial leverage and ability to meet its debt obligations in the future.
It is important for investors and stakeholders to closely monitor DXP Enterprises Inc's debt levels and assess the company's ability to manage its debt effectively in order to maintain financial stability and sustain its growth prospects.
Peer comparison
Dec 31, 2023