Boise Cascad Llc (BCC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,056,810 | 2,064,050 | 1,885,880 | 1,308,860 | 1,022,760 |
| Total current liabilities | US$ in thousands | 594,116 | 545,828 | 640,746 | 524,002 | 384,992 |
| Current ratio | 3.46 | 3.78 | 2.94 | 2.50 | 2.66 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,056,810K ÷ $594,116K
= 3.46
Boise Cascade Co's current ratio has exhibited fluctuations over the past five years. The ratio stood at 3.46 as of December 31, 2023, reflecting a decline from the previous year's ratio of 3.78. Despite this decrease, the company maintains a strong current ratio, indicating its ability to cover short-term obligations with its current assets. Comparing to the ratios in 2021, 2020, and 2019, the current ratio has shown an overall increasing trend, signaling an improvement in liquidity and financial stability over the years. The current ratio exceeding 2 suggests that Boise Cascade Co is efficiently managing its short-term financial obligations and is well-positioned to meet its current liabilities using its current assets.
Peer comparison
Dec 31, 2023