DXP Enterprises (DXP Enterprises) Debt-to-Equity : 1.51 (As of Dec. 2023)

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What is DXP Enterprises Debt-to-Equity?

DXP Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21 Mil. DXP Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $555 Mil. DXP Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $381 Mil. DXP Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 1.51.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for DXP Enterprises's Debt-to-Equity or its related term are showing as below:

DXPE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 1.06 Max: 1.77
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of DXP Enterprises was 1.77. The lowest was 0.78. And the median was 1.06.

DXPE's Debt-to-Equity is ranked worse than
92.48% of 133 companies
in the Industrial Distribution industry
Industry Median: 0.52 vs DXPE: 1.51

DXP Enterprises Debt-to-Equity Historical Data

The historical data trend for DXP Enterprises's Debt-to-Equity 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.

* Premium members only.

DXP Enterprises Debt-to-Equity Chart

DXP Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

1.04

1.09

1.29

1.51

DXP Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.29	1.25	1.27	1.27	1.51

Competitive Comparison of DXP Enterprises's Debt-to-Equity

For the Industrial Distribution subindustry, DXP Enterprises's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DXP Enterprises's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, DXP Enterprises's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where DXP Enterprises's Debt-to-Equity falls into.

DXP Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DXP Enterprises's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(20.938	+	555.033)	/	380.879
	=	1.51

DXP Enterprises's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(20.938	+	555.033)	/	380.879
	=	1.51

DXP Enterprises (NAS:DXPE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

DXP Enterprises Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of DXP Enterprises's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

DXP Enterprises (DXP Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » DXP Enterprises Inc (NAS:DXPE) » Definitions » Debt-to-Equity

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