Ufp Industries Inc (UFPI)

Debt-to-assets 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
Long-term debt	US$ in thousands	233,534	273,308	274,821	275,002	275,154	275,417	276,315	379,015	277,567	310,119	571,856	426,310	311,607	311,267	161,057	160,550	160,867	162,853	187,471	266,428
Total assets	US$ in thousands	4,017,800	4,004,080	3,843,940	3,696,790	3,672,070	3,738,550	3,610,820	3,673,970	3,245,270	3,014,250	3,228,280	2,786,090	2,404,890	2,350,620	2,058,610	1,882,980	1,889,480	1,880,620	1,850,660	1,821,400
Debt-to-assets ratio		0.06	0.07	0.07	0.07	0.07	0.07	0.08	0.10	0.09	0.10	0.18	0.15	0.13	0.13	0.08	0.09	0.09	0.09	0.10	0.15

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $233,534K ÷ $4,017,800K
= 0.06

The debt-to-assets ratio of Ufp Industries Inc has shown some fluctuations over the past few quarters. The ratio ranged from 0.06 to 0.10 in 2023, indicating that the company has maintained a relatively low level of debt compared to its total assets during this period.

However, looking back further, there was a noticeable increase in the ratio in the first quarter of 2021, reaching 0.18. This suggests that Ufp Industries Inc significantly increased its debt relative to its assets during that period.

Overall, the trend in the debt-to-assets ratio for Ufp Industries Inc seems to have stabilized in the range of 0.06 to 0.10 in more recent quarters, indicating a prudent level of leverage. It would be important for the company to continue monitoring and managing its debt levels effectively to maintain a healthy balance sheet.