DXP Enterprises (DXP Enterprises) Interest Expense : $-53 Mil (TTM As of Dec. 2023)

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What is DXP Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DXP Enterprises's interest expense for the three months ended in Dec. 2023 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-53 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. DXP Enterprises's Operating Income for the three months ended in Dec. 2023 was $ 30 Mil. DXP Enterprises's Interest Expense for the three months ended in Dec. 2023 was $ -17 Mil. DXP Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 was 1.76. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DXP Enterprises Interest Expense Historical Data

The historical data trend for DXP Enterprises's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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DXP Enterprises Interest Expense Chart

DXP Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.50

-20.57

-21.09

-29.14

-53.15

DXP Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-11.53	-11.52	-11.86	-12.68	-17.08

DXP Enterprises Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-53 Mil.

DXP Enterprises (NAS:DXPE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DXP Enterprises's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $555 Mil.

DXP Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	29.987	/	-17.078
	=	1.76

The higher the ratio, the stronger the company's financial strength is.

DXP Enterprises (DXP Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » DXP Enterprises Inc (NAS:DXPE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DX7:Germany

Address

5301 Hollister, Houston, TX, USA, 77040

Website

https://www.dxpe.com

DXP Enterprises Inc is a distributor of products and services to industrial customers in the United States, Canada, Mexico, and Dubai. The company's reportable segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. It generates maximum revenue from the Service Centers segment. The company offers pumping solutions, supply chain services and maintenance, repair, operating and production services for rotating equipment, bearings and power transmissions, industrial supplies and safety products. DXP Enterprises serves the oil and gas, general manufacturing, chemical, reseller, transportation, fabrication and construction, food and beverage, aerospace mining, agriculture, power, and refining industries.

Executives

Paz Maestas	officer: CMO & CTO	5301 HOLLISTER ST, HOUSTON TX 77040
David Molero Santos	officer: CHIEF ACCOUNTING OFFICER	5301 HOLLISTER ST, HOUSTON TX 77040
Todd Hamlin	officer: Sr. Vice President	7272 PINEMONT DRIVE, HOUSTON TX 77040
David R Little	director, 10 percent owner, officer: Chairman & CEO	7272 PINEMONT DRIVE, HOUSTON TX 77040
Yee Kent Nee Hung	officer: Sr. Vice President	7272 PINEMONT DRIVE, HOUSTON TX 77040
David C Vinson	officer: Sr, V.P. Operations
Nicholas Little	officer: CHIEF OPERATING OFFICER	5301 HOLLISTER ST, HOUSTON TX 77040
Christopher T Gregory	officer: Sr. Vice President	7272 PINEMONT DR, HOUSTON TX 77040
Karen Hoffman	director	5301 HOLLISTER ST, HOUSTON TX 77040
Gene Padgett	officer: SVP/Chief Accounting Officer	VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154
Joseph R Mannes	director	4016 MCFARLIN BLVD, DALLAS TX 75205
Timothy P Halter	director	174 FM 1830, ARGYLE TX 76226
David Patton	director	7272 PINEMONT DR, HOUSTON TX 77040
Cletus Davis	director
John Jay Jeffery	officer: Sr. V.P.	7272 PINEMONT DRIVE, HOUSTON TX 77040