Boise Cascad Llc (BCC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 445,280 | 444,392 | 444,628 | 443,792 | 440,544 |
| Total assets | US$ in thousands | 3,458,650 | 3,240,510 | 2,572,640 | 1,965,720 | 1,693,350 |
| Debt-to-assets ratio | 0.13 | 0.14 | 0.17 | 0.23 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $445,280K ÷ $3,458,650K
= 0.13
Boise Cascade Co's debt-to-assets ratio has been showing a declining trend over the past five years, indicating a decreasing reliance on debt as a source of financing relative to its total assets. The ratio decreased from 0.27 in 2019 to 0.14 in 2023. This suggests that the company has been effectively managing its debt levels and/or increasing its asset base. A lower debt-to-assets ratio generally indicates lower financial risk and better solvency, as it signifies a larger proportion of assets are funded by equity rather than debt. This trend may be perceived positively by investors and creditors as it reflects a more conservative financial structure and potentially stronger financial health for Boise Cascade Co.
Peer comparison
Dec 31, 2023