Boise Cascad Llc (BCC)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 713,260 | 949,574 | 998,344 | 748,907 | 405,382 |
| Short-term investments | US$ in thousands | — | 4,208 | — | — | — |
| Total current liabilities | US$ in thousands | 564,016 | 594,116 | 545,828 | 640,746 | 524,002 |
| Cash ratio | 1.26 | 1.61 | 1.83 | 1.17 | 0.77 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($713,260K
+ $—K)
÷ $564,016K
= 1.26
The cash ratio of Boise Cascad Llc has shown a fluctuating trend over the past five years. Starting from 0.77 on December 31, 2020, the ratio increased to 1.17 by December 31, 2021, indicating an improvement in the company's ability to cover its current liabilities solely with its cash and cash equivalents.
This positive trend continued as the cash ratio further rose to 1.83 by December 31, 2022, reaching its peak during this period. Such a high cash ratio suggests that Boise Cascad Llc had a substantial amount of cash reserves compared to its short-term obligations, which could provide a sense of financial security.
However, there was a slight dip in the cash ratio to 1.61 by December 31, 2023, although it remained at a relatively healthy level. This decrease might indicate a minor shift in the company's liquidity position during that particular year.
Subsequently, by December 31, 2024, the cash ratio decreased further to 1.26, still above the initial ratio recorded in 2020 but lower than the peak in 2022. This decline could signify a change in the company's cash management or investment strategies.
In summary, Boise Cascad Llc has maintained a generally strong cash ratio over the years, indicating a stable liquidity position overall. However, fluctuations in the ratio suggest potential changes in the company's cash holdings and management of short-term obligations, which may require further analysis to understand the underlying reasons behind these variations.
Peer comparison
Dec 31, 2024