Boise Cascad Llc (BCC)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 949,574 | 998,344 | 748,907 | 405,382 | 285,237 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 17,462 | 320,279 | 462,228 | 391,133 | 231,646 |
| Total current liabilities | US$ in thousands | 594,116 | 545,828 | 640,746 | 524,002 | 384,992 |
| Quick ratio | 1.63 | 2.42 | 1.89 | 1.52 | 1.34 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($949,574K
+ $—K
+ $17,462K)
÷ $594,116K
= 1.63
The Quick Ratio of Boise Cascade Co has shown a fluctuating trend over the past five years. The ratio was 1.36 in 2019, reflecting that the company had $1.36 of liquid assets available to cover each dollar of current liabilities.
There was an improvement in liquidity in 2020 with the Quick Ratio increasing to 1.54, indicating stronger short-term liquidity position. This improvement continued in 2021 with the ratio reaching 1.91, showing further enhancement in the company's ability to meet its short-term obligations with its quick assets.
In 2022, Boise Cascade Co's Quick Ratio peaked at 2.50, which means the company had $2.50 in quick assets for every dollar of current liabilities, signifying a strong liquidity position. However, in 2023, the ratio decreased slightly to 2.26 but still remained at a healthy level.
Overall, Boise Cascade Co's quick ratio has been generally improving over the years, indicating a strengthening liquidity position and ability to meet short-term obligations effectively. It suggests that the company has a solid financial standing in terms of its ability to cover immediate liabilities with its quick assets.
Peer comparison
Dec 31, 2023