Boise Cascad Llc (BCC)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 505,796 | 540,456 | 599,128 | 642,118 | 636,734 | 660,123 | 773,859 | 880,959 | 1,156,367 | 1,226,694 | 1,056,501 | 1,169,396 | 971,669 | 837,395 | 852,626 | 493,713 | 310,572 | 242,896 | 141,332 | 133,692 |
| Interest expense (ttm) | US$ in thousands | 24,067 | 24,702 | 24,971 | 25,205 | 25,496 | 25,494 | 25,541 | 25,519 | 25,412 | 25,274 | 25,155 | 25,185 | 24,806 | 24,668 | 25,391 | 25,677 | 26,223 | 26,652 | 26,182 | 26,035 |
| Interest coverage | 21.02 | 21.88 | 23.99 | 25.48 | 24.97 | 25.89 | 30.30 | 34.52 | 45.50 | 48.54 | 42.00 | 46.43 | 39.17 | 33.95 | 33.58 | 19.23 | 11.84 | 9.11 | 5.40 | 5.14 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $505,796K ÷ $24,067K
= 21.02
Boise Cascade LLC's interest coverage ratio has shown a generally positive trend over the analyzed period, reflecting the company's ability to meet its interest obligations with operating income. The interest coverage ratio increased significantly from 5.14 in March 2020 to 46.43 in March 2022, indicating a strong ability to cover interest payments.
However, from June 2022 onwards, the interest coverage ratio began to decrease, hitting a low of 21.02 in December 2024. This decline may indicate increased financial risk as the company's ability to cover interest expenses weakened during this period.
Overall, Boise Cascade LLC has demonstrated a healthy interest coverage ratio historically, but the recent declining trend in the ratio raises concerns about the company's ability to comfortably meet its interest obligations in the future. Further analysis of the company's financial performance and debt structure would be necessary to fully assess the implications of this trend.
Peer comparison
Dec 31, 2024