Builders FirstSource Inc (BLDR)

Current 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
Total current assets	US$ in thousands	3,300,730	3,574,110	3,605,220	3,347,290	3,497,650	4,420,130	5,277,320	5,379,930	3,968,270	4,231,230	4,915,080	3,570,670	2,223,680	2,061,740	1,801,590	1,604,880	1,306,870	1,430,080	1,433,960	1,385,750
Total current liabilities	US$ in thousands	1,863,440	2,026,680	1,955,860	1,831,930	1,842,780	2,293,730	2,528,810	2,683,070	2,128,710	2,033,180	2,252,750	1,861,180	1,074,850	1,084,870	933,106	859,013	821,301	863,745	848,219	737,911
Current ratio		1.77	1.76	1.84	1.83	1.90	1.93	2.09	2.01	1.86	2.08	2.18	1.92	2.07	1.90	1.93	1.87	1.59	1.66	1.69	1.88

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,300,730K ÷ $1,863,440K
= 1.77

The current ratio of Builders Firstsource Inc has been fluctuating over the past eight quarters. It ranged from 1.76 to 2.09, indicating that the company has generally been able to meet its short-term obligations with its current assets.

The current ratio peaked at 2.09 in Q2 2022, suggesting a strong ability to cover short-term liabilities with current assets. However, the ratio has since decreased, reaching its lowest point of 1.76 in Q3 2023.

Overall, the current ratio has generally remained above 1.5, which is considered a healthy level for most industries. Although there have been fluctuations, the company's ability to cover its short-term obligations with current assets appears to have remained relatively stable over the past two years.