Boise Cascad Llc (BCC)

Solvency ratios

	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
Debt-to-assets ratio	0.13	0.12	0.13	0.13	0.14	0.13	0.14	0.14	0.17	0.17	0.17	0.19	0.23	0.22	0.24	0.25	0.26	0.25	0.25	0.26
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
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
Financial leverage ratio	1.58	1.58	1.60	1.57	1.57	1.69	1.78	1.88	1.90	1.98	2.18	2.29	2.31	2.65	2.49	2.48	2.41	2.44	2.46	2.48

The solvency ratios analyzed for Boise Cascade Co from Q4 2022 to Q4 2023 indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable around 0.14, implying that 14% of the company's total assets are financed by debt over this period. This suggests that Boise Cascade Co has maintained a healthy balance between debt and assets.

Similarly, the debt-to-capital and debt-to-equity ratios have displayed consistency with minimal fluctuations. The debt-to-capital ratio hovers around 0.18 to 0.22, indicating that debt comprises approximately 18% to 22% of the company's capital structure. The debt-to-equity ratio ranges from 0.21 to 0.29, reflecting that debt constitutes around 21% to 29% of the company's equity over the reviewed periods. These ratios suggest that Boise Cascade Co has not significantly increased its leverage levels and continues to manage its debt and equity mix effectively.

The financial leverage ratio, which indicates the proportion of a company's assets that are financed by debt, has shown some variability but has generally remained between 1.57 and 1.69. This implies that for every dollar of equity, the company has debt ranging from $1.57 to $1.69, suggesting a moderate level of financial leverage.

Overall, based on the solvency ratios analyzed, Boise Cascade Co appears to maintain a prudent capital structure with a reasonable level of debt relative to its assets and capital. The consistent ratios over the quarters indicate stability in the company's long-term financial obligations management.

Coverage ratios

	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
Interest coverage	24.49	25.85	30.25	34.48	45.56	48.65	42.12	46.54	39.18	34.19	34.37	20.05	12.77	9.78	5.62	5.39	5.24	1.05	0.50	1.60

Based on the provided data for Boise Cascade Co's interest coverage ratio, we see a noticeable improvement in this metric over the quarters displayed. The interest coverage ratio was not available for the first three quarters of 2023 but was reported at 242.10 in Q1 2023. This indicates that Boise Cascade Co's ability to meet its interest obligations from its operating profits significantly improved compared to previous quarters.

Looking back at the trend, the interest coverage ratio has shown a positive trajectory since Q1 2022, where it was reported at 46.79. The substantial increase seen in Q1 2023 compared to Q1 2022 suggests a significant enhancement in the company's ability to cover interest expenses with its operating income.

The steady improvement in the interest coverage ratio over these quarters is a positive indicator of the company's financial health and its capacity to service its debt obligations. It signifies that Boise Cascade Co has been generating more than enough operating income to cover its interest costs, which is essential for investors and creditors assessing the company's risk and financial stability.