Ufp Industries Inc (UFPI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,150,940 | 4,217,880 | 4,138,490 | 4,078,640 | 4,017,800 | 4,020,130 | 3,843,940 | 3,696,790 | 3,672,070 | 3,738,550 | 3,610,820 | 3,673,970 | 3,245,270 | 3,010,250 | 3,226,280 | 2,790,220 | 2,404,890 | 2,350,620 | 2,058,610 | 1,882,980 |
| 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,150,940K
= 0.00
Based on the data provided, Ufp Industries Inc has consistently maintained a debt-to-assets ratio of 0.00 across all reporting periods from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during these periods. This suggests that Ufp Industries Inc is financing its operations primarily through equity or internal funds rather than relying on debt financing.
Having a debt-to-assets ratio of 0.00 can be interpreted positively as it indicates a low financial risk associated with debt obligations. It implies that the company has a strong financial position and is not burdened by significant debt levels, which can enhance financial stability and flexibility. Additionally, a low debt-to-assets ratio may signal to investors and stakeholders that the company is managing its capital structure prudently and may be in a better position to weather economic downturns or unforeseen challenges.
Overall, the consistent debt-to-assets ratio of 0.00 for Ufp Industries Inc over the specified period highlights the company's conservative approach to leveraging debt and its ability to maintain a strong financial position.