Ufp Industries Inc (UFPI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,150,940 | 4,017,800 | 3,672,070 | 3,245,270 | 2,404,890 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,150,940K
= 0.00
The debt-to-assets ratio of Ufp Industries Inc for the years ending December 31, 2020 through December 31, 2024 remained consistently at 0.00. This indicates that the company has been financing its assets without the use of debt during this period. A debt-to-assets ratio of 0.00 suggests that the company has either paid off all its debt or has not taken on any debt to fund its operations or acquire assets. This can be viewed positively by investors and creditors, as it indicates lower financial risk and potential for good financial health. However, it is important to assess the company's overall financial position and performance in conjunction with other financial ratios and factors to gain a comprehensive understanding of its financial stability and management effectiveness.