Ufp Industries Inc (UFPI)

Cash 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
Cash and cash equivalents	US$ in thousands	1,118,330	957,092	702,148	423,299	559,397	449,135	138,071	73,783	286,662	138,637	44,286	44,399	436,507	346,154	200,546	32,129	168,336	64,498	20,497	17,111
Short-term investments	US$ in thousands	34,745	37,062	38,459	37,534	36,013	33,113	35,475	35,465	36,495	33,723	33,827	31,439	24,308	20,530	19,195	17,778	18,527	17,028	16,776	16,197
Total current liabilities	US$ in thousands	567,976	601,835	556,004	530,359	611,835	802,861	823,993	903,202	776,042	665,670	731,317	611,031	463,749	493,604	435,212	329,255	354,042	385,448	379,606	320,569
Cash ratio		2.03	1.65	1.33	0.87	0.97	0.60	0.21	0.12	0.42	0.26	0.11	0.12	0.99	0.74	0.50	0.15	0.53	0.21	0.10	0.10

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,118,330K + $34,745K) ÷ $567,976K
= 2.03

The cash ratio of Ufp Industries Inc has shown significant fluctuations over the past few years, indicating varying levels of liquidity. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.

Looking at the data, the trend shows an improvement in the cash ratio from 0.10 in March 2019 to 2.03 in December 2023. This indicates that the company has strengthened its ability to meet its short-term obligations with available cash and cash equivalents.

However, it is important to note that there have been fluctuations in the cash ratio throughout the periods, suggesting changes in the company's cash position and liquidity management practices. For example, there was a significant increase in the cash ratio from 0.12 in March 2022 to 0.97 in December 2022, followed by a decline in the subsequent quarter.

Overall, the company's cash management and liquidity position have shown improvement over time, but the fluctuations in the cash ratio warrant further analysis to understand the underlying reasons behind these changes.