Ufp Industries Inc (UFPI)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,999,760	2,919,380	2,803,380	2,675,780	2,563,980	2,437,080	2,280,150	2,177,890	1,978,610	1,850,770	1,736,530	1,566,210	1,460,320	1,397,590	1,324,400	1,260,710	1,243,720	1,215,460	1,167,380	1,122,900
Debt-to-equity ratio		0.08	0.09	0.10	0.10	0.11	0.11	0.12	0.17	0.14	0.17	0.33	0.27	0.21	0.22	0.12	0.13	0.13	0.13	0.16	0.24

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $233,534K ÷ $2,999,760K
= 0.08

The debt-to-equity ratio of Ufp Industries Inc has displayed fluctuations over the past few years. The ratio stood at 0.08 as of Dec 31, 2023, signaling a low level of debt relative to equity. This ratio has been relatively stable with minor variations between 0.08 and 0.11 for most of the recent quarters until Sep 30, 2022, where it increased to 0.12. However, a significant spike in the ratio was observed in the subsequent quarter ending Mar 31, 2022, reaching 0.33, indicating a notable increase in debt compared to equity.

Subsequently, there was a decrease in the ratio in the following quarters, indicating a reduction in debt relative to equity. The ratio fluctuated between 0.12 and 0.16 for the rest of the observed periods, showing a relatively moderate level of debt compared to equity.

Overall, the movement in the debt-to-equity ratio suggests some variability in the company's capital structure during the periods analyzed, with a noticeable spike in leverage in the first quarter of 2022 followed by a downward trend in subsequent quarters. Additional analysis combining with other financial metrics would provide a more comprehensive understanding of Ufp Industries Inc's financial health and risk profile.