Ufp Industries Inc (UFPI)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,171,830 | 1,190,810 | 1,042,100 | 980,507 | 1,122,260 | 957,197 | 702,148 | 423,299 | 559,397 | 449,864 | 138,800 | 73,783 | 286,662 | 138,637 | 44,286 | 44,399 | 436,507 | 346,154 | 200,546 | 32,129 |
| Short-term investments | US$ in thousands | 31,087 | 38,935 | 36,740 | 36,978 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 512,448 | 606,031 | 588,388 | 525,018 | 567,976 | 603,727 | 556,004 | 530,359 | 611,835 | 802,861 | 823,993 | 903,202 | 776,042 | 666,670 | 731,317 | 612,059 | 463,749 | 493,604 | 435,212 | 329,255 |
| Quick ratio | 2.35 | 2.03 | 1.83 | 1.94 | 2.04 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,171,830K
+ $31,087K
+ $—K)
÷ $512,448K
= 2.35
The quick ratio of Ufp Industries Inc has shown fluctuations over the period under consideration. Starting at a low of 0.15 on March 31, 2020, the quick ratio gradually improved reaching its highest point of 2.35 on December 31, 2024. This indicates that the company's ability to cover its short-term liabilities with its most liquid assets has strengthened significantly over the years. However, there were periods of decline and volatility in between, suggesting potential challenges in managing short-term liquidity. Overall, the upward trend in the quick ratio demonstrates an improvement in the company's short-term financial health and liquidity position.