Boise Cascad Llc (BCC)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 949,574 | 998,344 | 748,907 | 405,382 | 285,237 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 594,116 | 545,828 | 640,746 | 524,002 | 384,992 |
| Cash ratio | 1.60 | 1.83 | 1.17 | 0.77 | 0.74 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($949,574K
+ $—K)
÷ $594,116K
= 1.60
The cash ratio of Boise Cascade Co has exhibited fluctuations over the past five years. From 2019 to 2020, there was a slight increase in the cash ratio from 0.76 to 0.79. Subsequently, a more significant increase was observed in 2021, where the cash ratio rose to 1.19. However, the cash ratio reached its peak in 2022 at 1.92 before experiencing a slight decline to 1.63 in 2023.
The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, suggesting that the company has more than enough cash to cover its short-term obligations.
While Boise Cascade Co's cash ratio has generally been increasing over the past five years, the recent decrease from 2022 to 2023 may indicate a slight reduction in the company's liquidity position. It would be important to further investigate the reasons behind this change and assess the company's overall financial health in conjunction with other liquidity ratios and financial metrics.
Peer comparison
Dec 31, 2023