Ufp Industries Inc (UFPI)

Solvency ratios

	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
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
Debt-to-capital ratio	0.07	0.09	0.09	0.09	0.10	0.10	0.11	0.15	0.12	0.14	0.25	0.21	0.18	0.18	0.11	0.11	0.11	0.12	0.14	0.19
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
Financial leverage ratio	1.34	1.37	1.37	1.38	1.43	1.53	1.58	1.69	1.64	1.63	1.86	1.78	1.65	1.68	1.55	1.49	1.52	1.55	1.59	1.62

The solvency ratios of Ufp Industries Inc show a consistent trend over the past five years. The debt-to-assets ratio has remained relatively stable around 0.07, indicating that the company finances only a small portion of its total assets through debt. The debt-to-capital and debt-to-equity ratios have also remained relatively steady, with values in the range of 0.09 to 0.14 and 0.09 to 0.17, respectively. This suggests that the company has maintained a moderate level of financial leverage over the years.

The financial leverage ratio, which measures the proportion of a company's total assets financed by debt, has fluctuated between 1.34 and 1.69, showing some variation in the company's capital structure. However, the ratio has generally remained below 2, indicating that Ufp Industries has not relied heavily on debt to fund its operations.

Overall, Ufp Industries Inc's solvency ratios reflect a conservative approach to debt management, with a focus on maintaining a balanced capital structure and a low level of financial risk.

Coverage ratios

	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
Interest coverage	53.26	54.38	57.01	61.97	67.32	69.87	65.30	60.09	52.37	46.32	45.38	40.36	36.85	37.27	35.37	30.98	28.35	24.43	22.90	21.76

Ufp Industries Inc has shown a generally strong interest coverage ratio over the period presented. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt. A higher ratio indicates that the company is more capable of meeting its interest obligations.

The interest coverage ratio for Ufp Industries has been on an upward trend since the end of 2019, peaking in the most recent period as of Dec 31, 2023. This indicates an improving ability to cover interest expenses with operating income. The ratio has more than doubled from 2019 to 2023, reflecting a significant improvement in the company's financial position.

Consistently high interest coverage ratios suggest that Ufp Industries has been effectively managing its debt and generating sufficient operating income to comfortably cover interest expenses. This signals financial stability and reduced risk of default on its debt obligations.

Overall, the upward trend and high values of the interest coverage ratio for Ufp Industries indicate a strong financial position and ability to meet its debt obligations, which is a positive indicator for investors and stakeholders.