Ufp Industries Inc (UFPI)

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 2,502,090 2,505,120 2,415,060 2,267,010 2,262,110 2,436,360 2,376,440 2,472,420 2,073,480 1,922,750 2,122,500 1,737,060 1,538,360 1,512,110 1,236,600 1,060,910 1,093,070 1,092,100 1,097,110 1,103,470
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
Current ratio 4.41 4.16 4.34 4.27 3.70 3.03 2.88 2.74 2.67 2.89 2.90 2.84 3.32 3.06 2.84 3.22 3.09 2.83 2.89 3.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,502,090K ÷ $567,976K
= 4.41

The current ratio of Ufp Industries Inc has shown an improving trend over the past several quarters, indicating the company's ability to meet its short-term obligations with its current assets. As of December 31, 2023, the current ratio stood at 4.41, which indicates a strong liquidity position with current assets exceeding current liabilities by a significant margin. This is an improvement from the previous quarters, where the current ratio ranged from 2.67 to 4.34.

The increasing trend in the current ratio suggests that Ufp Industries Inc has been effectively managing its working capital and maintaining a healthy balance between current assets and current liabilities. A current ratio above 2 is generally considered favorable as it indicates the company has more than enough current assets to cover its short-term liabilities.

Overall, the current ratio analysis for Ufp Industries Inc indicates a strong liquidity position, which is essential for the company's financial health and ability to navigate through short-term financial challenges.