Boise Cascad Llc (BCC)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 445,280 | 445,058 | 444,836 | 444,614 | 444,392 | 444,175 | 445,045 | 444,836 | 444,628 | 444,419 | 444,210 | 444,001 | 443,792 | 443,583 | 440,178 | 439,915 | 440,544 | 440,265 | 439,986 | 439,707 |
| Total stockholders’ equity | US$ in thousands | 2,195,660 | 2,307,600 | 2,168,520 | 2,144,520 | 2,057,980 | 1,983,070 | 1,764,980 | 1,648,690 | 1,352,620 | 1,305,600 | 1,215,710 | 995,261 | 850,799 | 778,136 | 739,708 | 708,271 | 701,330 | 731,566 | 705,021 | 679,017 |
| Debt-to-capital ratio | 0.17 | 0.16 | 0.17 | 0.17 | 0.18 | 0.18 | 0.20 | 0.21 | 0.25 | 0.25 | 0.27 | 0.31 | 0.34 | 0.36 | 0.37 | 0.38 | 0.39 | 0.38 | 0.38 | 0.39 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $445,280K ÷ ($445,280K + $2,195,660K)
= 0.17
The debt-to-capital ratio for Boise Cascade Co has been relatively stable over the past eight quarters, ranging from 0.17 to 0.22. Generally, a lower debt-to-capital ratio indicates a lower level of financial risk and suggests that the company relies less on debt to finance its operations compared to its equity.
Boise Cascade Co's debt-to-capital ratio has mostly stayed in the range of 0.17 to 0.22, indicating a moderate level of leverage in its capital structure. The slight fluctuations in the ratio suggest that the company has been managing its debt levels consistently over the past two years.
Overall, the company's debt-to-capital ratio appears to be at a manageable level, neither too high nor too low, which could imply that Boise Cascade Co has a balanced approach to financing its operations through a blend of debt and equity.
Peer comparison
Dec 31, 2023