Boise Cascad Llc (BCC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 17,462 | 11,562 | 10,032 | 431,532 | 320,279 | 529,242 | 592,221 | 680,246 | 462,228 | 490,923 | 610,150 | 552,874 | 391,133 | 437,889 | 360,862 | 340,127 | 231,646 | 311,943 | 328,664 | 303,801 |
| 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 |
| Quick ratio | 1.63 | 1.85 | 1.63 | 2.47 | 2.42 | 1.89 | 2.11 | 1.82 | 1.89 | 1.82 | 1.48 | 1.45 | 1.52 | 1.39 | 1.49 | 1.26 | 1.34 | 1.39 | 1.25 | 1.08 |
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 for Boise Cascade Co has shown consistency over the past eight quarters, ranging from 1.84 to 2.57. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities, with higher values suggesting a stronger liquidity position.
The recent quick ratio values have generally been above 2, indicating that the company has a comfortable cushion of quick assets (such as cash, marketable securities, and accounts receivable) relative to its current liabilities. This suggests that Boise Cascade Co is well-positioned to meet its short-term obligations without relying heavily on selling inventory or obtaining additional financing.
The declining trend from Q2 2023 to Q4 2023 could be an area of attention, as it represents a slight decrease in the company's liquidity position. However, the quick ratio remains well above 1, indicating that Boise Cascade Co is still in a healthy liquidity position.
Overall, the quick ratio analysis suggests that Boise Cascade Co has managed its short-term liquidity effectively, providing a solid foundation for meeting its financial obligations in the near term.
Peer comparison
Dec 31, 2023