Boise Cascad Llc (BCC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 713,260 | 949,574 | 998,344 | 748,907 | 405,382 |
| Short-term investments | US$ in thousands | — | 4,208 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 564,016 | 594,116 | 545,828 | 640,746 | 524,002 |
| Quick ratio | 1.26 | 1.61 | 1.83 | 1.17 | 0.77 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($713,260K
+ $—K
+ $—K)
÷ $564,016K
= 1.26
The quick ratio of Boise Cascad Llc has shown a fluctuating trend over the past five years. It stood at 0.77 on December 31, 2020, indicating that the company had insufficient liquid assets to cover its current liabilities. However, there has been a positive improvement in subsequent years, with the quick ratio increasing to 1.17 on December 31, 2021, and further improving to 1.83 on December 31, 2022, suggesting a healthier liquidity position.
Despite a robust performance in 2022, the quick ratio experienced a slight decline to 1.61 on December 31, 2023, possibly signaling a change in the company's liquidity management. By December 31, 2024, the quick ratio settled at 1.26, still indicating that Boise Cascad Llc has an acceptable level of quick assets to cover its short-term obligations.
Overall, the upward trend in the quick ratio from 2020 to 2022 demonstrates an improvement in the company's ability to meet its immediate financial obligations using its liquid assets. However, the subsequent slight decline in 2023 suggests that careful monitoring of liquidity is necessary to ensure the company maintains a strong financial position in the future.
Peer comparison
Dec 31, 2024