Boise Cascad Llc (BCC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,195,660 | 2,057,980 | 1,352,620 | 850,799 | 701,330 |
| Debt-to-equity ratio | 0.20 | 0.22 | 0.33 | 0.52 | 0.63 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $445,280K ÷ $2,195,660K
= 0.20
The debt-to-equity ratio of Boise Cascade Co has shown a decreasing trend over the past five years, indicating a favorable shift towards a lower level of debt relative to equity in the company's capital structure. In 2023, the ratio stands at 0.22, down from 0.23 in 2022, 0.35 in 2021, 0.56 in 2020, and 0.66 in 2019. This improvement suggests that the company has been reducing its reliance on debt financing and increasing its equity base, which may enhance its financial stability and reduce the associated financial risks. Overall, the decreasing trend in the debt-to-equity ratio reflects a positive development in Boise Cascade Co's leverage position and capital structure efficiency over the specified period.
Peer comparison
Dec 31, 2023