Boise Cascad Llc (BCC)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 949,574 | 1,272,960 | 1,080,860 | 1,000,720 | 998,344 | 867,064 | 1,032,990 | 922,721 | 748,907 | 786,886 | 653,767 | 456,982 | 405,382 | 503,935 | 361,436 | 214,992 | 285,237 | 306,443 | 202,407 | 136,204 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 594,116 | 694,724 | 667,344 | 580,148 | 545,828 | 739,463 | 769,077 | 880,163 | 640,746 | 700,295 | 854,257 | 696,514 | 524,002 | 676,388 | 485,287 | 438,936 | 384,992 | 444,750 | 424,106 | 406,890 |
| Cash ratio | 1.60 | 1.83 | 1.62 | 1.72 | 1.83 | 1.17 | 1.34 | 1.05 | 1.17 | 1.12 | 0.77 | 0.66 | 0.77 | 0.75 | 0.74 | 0.49 | 0.74 | 0.69 | 0.48 | 0.33 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($949,574K
+ $—K)
÷ $594,116K
= 1.60
Boise Cascade Co's cash ratio has exhibited some fluctuations over the past 8 quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with its readily available cash and equivalents, has ranged from a high of 1.92 in Q4 2022 to a low of 1.07 in Q1 2022.
The company's cash ratio has generally been above 1, indicating that Boise Cascade Co has had sufficient cash to cover its short-term obligations. In the most recent quarter, Q4 2023, the cash ratio was 1.63, suggesting that the company has a healthy level of cash reserves relative to its current liabilities.
However, it is worth noting that the cash ratio has been somewhat volatile, with fluctuations in the company's cash position impacting the ratio. Investors and stakeholders may want to monitor Boise Cascade Co's cash ratio closely to ensure the company maintains sufficient liquidity to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023