Boise Cascad Llc (BCC)
Debt-to-equity 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-equity ratio | 0.20 | 0.19 | 0.21 | 0.21 | 0.22 | 0.22 | 0.25 | 0.27 | 0.33 | 0.34 | 0.37 | 0.45 | 0.52 | 0.57 | 0.60 | 0.62 | 0.63 | 0.60 | 0.62 | 0.65 |
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 been relatively stable over the past eight quarters, ranging from 0.21 to 0.29. The company maintains a conservative capital structure, with a tendency towards lower levels of debt compared to equity. This implies that Boise Cascade Co relies more on equity financing rather than debt to fund its operations and growth initiatives. The gradual increase in the debt-to-equity ratio from Q4 2022 to Q2 2022 may indicate a slightly elevated level of debt compared to equity during this period. However, it is important to note that the ratio remained within a reasonable range and did not significantly deviate from the company's historical average. Overall, the consistent and moderate debt-to-equity ratio of Boise Cascade Co suggests a prudent approach to managing its financial leverage.
Peer comparison
Dec 31, 2023