Boise Cascad Llc (BCC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,056,810 | 2,466,240 | 2,298,640 | 2,191,720 | 2,064,050 | 2,181,440 | 2,448,460 | 2,422,900 | 1,885,880 | 1,937,990 | 2,007,430 | 1,632,860 | 1,308,860 | 1,413,520 | 1,193,140 | 1,105,390 | 1,022,760 | 1,125,130 | 1,073,270 | 1,032,970 |
| 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 |
| Current ratio | 3.46 | 3.55 | 3.44 | 3.78 | 3.78 | 2.95 | 3.18 | 2.75 | 2.94 | 2.77 | 2.35 | 2.34 | 2.50 | 2.09 | 2.46 | 2.52 | 2.66 | 2.53 | 2.53 | 2.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,056,810K ÷ $594,116K
= 3.46
Based on the data provided, Boise Cascade Co's current ratio has exhibited fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From Q1 2022 to Q2 2023, the current ratio has ranged from a low of 2.75 to a high of 3.78, indicating varying levels of liquidity during this period. Generally, a current ratio above 2 is considered healthy, as it suggests the company has more than enough current assets to cover its current liabilities.
Boise Cascade Co's current ratio has shown an improving trend from Q3 2022 onwards, reaching a peak of 3.78 in Q1 2023. This indicates that the company has been more capable of meeting its short-term obligations during these quarters.
It is important to note that while a high current ratio signifies good liquidity, extremely high ratios can also indicate an inefficient use of assets that could be put to better use elsewhere. Therefore, further analysis of the company's operations and financial health is necessary to fully understand the implications of these current ratio fluctuations.
Peer comparison
Dec 31, 2023