Builders FirstSource Inc (BLDR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,499,500 | 10,595,200 | 10,714,300 | 4,173,670 | 3,249,490 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,499,500K
= 0.00
Builders Firstsource Inc's debt-to-assets ratio has shown a decreasing trend over the past five years, from 0.40 in 2019 to 0.30 in 2023. This indicates that the company has been progressively reducing its reliance on debt to finance its assets. A lower debt-to-assets ratio suggests a lower level of financial risk, as a smaller proportion of the company's assets are funded by debt. This may be viewed positively by investors and creditors as it signals a stronger financial position and better ability to weather economic downturns. However, it is important to consider the context of the industry and economic conditions when evaluating the significance of this ratio.
Peer comparison
Dec 31, 2023