Ufp Industries Inc (UFPI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 1.29 | 1.33 | 1.34 | 1.32 | 1.34 | 1.35 | 1.35 | 1.36 | 1.41 | 1.53 | 1.58 | 1.66 | 1.61 | 1.60 | 1.83 | 1.76 | 1.62 | 1.66 | 1.54 | 1.48 |
Ufp Industries Inc's solvency ratios indicate a strong financial position in terms of its ability to meet its long-term obligations. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 over the analyzed periods. This signifies that the company has minimal debt relative to its assets, capital, and equity, indicating low financial risk and a strong ability to cover its debt obligations.
Furthermore, the financial leverage ratio has shown a declining trend over the years, decreasing from 1.48 in March 2020 to 1.29 in December 2024. A decreasing trend in the financial leverage ratio indicates that the company is relying less on debt financing and becoming less leveraged over time, which is a positive signal for investors and creditors.
Overall, based on these solvency ratios, Ufp Industries Inc appears to have a solid financial foundation, low debt levels, and a decreasing reliance on debt financing, suggesting a healthy financial position and strong solvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 41.26 | 44.30 | 45.81 | 48.11 | 50.35 | 51.98 | 46.19 | 39.19 | 40.34 | 44.81 | 47.23 | 59.04 | 57.66 | 45.67 | 45.56 | 40.50 | 37.44 | 42.28 | 40.60 | 35.27 |
The interest coverage ratio for Ufp Industries Inc has shown a generally positive trend over the periods indicated. The ratio measures the company's ability to meet its interest obligations with its operating income.
Starting at 35.27 in March 2020, the interest coverage ratio increased steadily to a peak of 59.04 in March 2022. This indicates that the company's operating income was comfortably covering its interest expenses during this period.
However, there was a slight decline in the ratio in June 2022 and beyond, dropping to 41.26 by December 2024. While the ratio remained above 1 throughout the period, signaling that the company was able to meet its interest payments, the decreasing trend raises some concerns about the company's ability to cover its interest expenses in the long run.
It is essential for Ufp Industries Inc to closely monitor this ratio in the future to ensure that it maintains a healthy level of interest coverage and does not face financial distress due to increasing interest obligations.