Boise Cascad Llc (BCC)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 624,386 | 1,157,850 | 971,803 | 335,029 | 136,459 |
| Interest expense | US$ in thousands | 25,496 | 25,412 | 24,806 | 26,223 | 26,051 |
| Interest coverage | 24.49 | 45.56 | 39.18 | 12.78 | 5.24 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $624,386K ÷ $25,496K
= 24.49
Boise Cascade Co's interest coverage ratio has shown a positive trend over the past five years, indicating the company's ability to meet its interest obligations from its earnings. The interest coverage ratio has significantly improved from 5.84 in 2019 to 87.93 in 2022, suggesting a substantial enhancement in the company's capacity to cover its interest expenses with operating income. This trend signifies a strengthening financial position and increased profitability for Boise Cascade Co over the years. Nonetheless, it is important to note that the interest coverage ratio for 2023 is not provided, which limits a complete assessment of the company's recent performance in managing its interest obligations.
Peer comparison
Dec 31, 2023