Builders FirstSource Inc (BLDR)
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.22 | 2.34 | 2.47 | 2.25 | 2.14 | 2.21 | 2.35 | 2.35 | 2.23 | 1.96 | 1.94 | 1.88 | 3.62 | 3.98 | 4.11 | 4.27 | 3.94 | 4.23 | 4.62 | 5.06 |
Builders Firstsource Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.28 to 0.34, with the latest figure at 0.30 in Q4 2023. This suggests that around 30% of the company's total assets are financed by debt.
The debt-to-capital ratio has shown a slight increase over the quarters, from 0.38 in Q4 2022 to 0.46 in Q2 2023, before falling back to 0.40 in Q4 2023. This ratio indicates that debt accounts for around 40% of the company's total capital structure, which includes both debt and equity.
The debt-to-equity ratio has fluctuated more significantly, ranging from 0.60 to 0.85 over the past quarters. The latest figure in Q4 2023 stands at 0.67, implying that for every dollar of equity, the company has around $0.67 in debt. This ratio suggests that Builders Firstsource relies more on debt financing compared to equity.
The financial leverage ratio has also shown variability, ranging from 2.14 to 2.47 over the quarters. The ratio stood at 2.22 in Q4 2023, indicating that the company has total assets approximately 2.22 times larger than total equity. This metric provides insight into the extent to which the company uses debt to finance its assets.
Overall, the trends in these solvency ratios suggest that Builders Firstsource Inc has been managing its debt levels prudently, although some fluctuations indicate the company may have adjusted its capital structure over the quarters to optimize its financial position and meet its long-term obligations.
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 | 11.33 | 11.79 | 14.24 | 16.94 | 19.01 | 24.75 | 32.90 | 72.40 | 6,631.73 | 2,823.86 | 1,244.51 | 560.48 | 381.92 | 300.96 | 313.97 | 323.19 | 351.53 | 16.83 | 7.54 | 4.76 |
Builders Firstsource Inc's interest coverage ratio has shown a consistent and strong trend over the past eight quarters. The interest coverage ratio, which is a measure of the company's ability to meet its interest obligations, has consistently been above 10 for all quarters, indicating that the company has sufficient earnings to cover its interest expenses.
The ratio peaked at 20.66 in Q1 2022 and has remained above 15 in the subsequent quarters, reflecting a healthy financial position. This suggests that Builders Firstsource Inc has a comfortable margin of safety when it comes to servicing its interest payments.
Overall, the trend in interest coverage ratios indicates that Builders Firstsource Inc has a strong ability to meet its interest obligations, which is a positive signal for creditors and investors.