UFP Industries (UFP Industries) Cash-to-Debt

: 3.00 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. UFP Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.00.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, UFP Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for UFP Industries's Cash-to-Debt or its related term are showing as below:

UFPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.77 Max: 3
Current: 3

During the past 13 years, UFP Industries's highest Cash to Debt Ratio was 3.00. The lowest was 0.18. And the median was 0.77.

UFPI's Cash-to-Debt is ranked better than
82.11% of 285 companies
in the Forest Products industry
Industry Median: 0.32 vs UFPI: 3.00

UFP Industries Cash-to-Debt Historical Data

The historical data trend for UFP Industries's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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UFP Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.77

1.18

0.74

1.53

3.00

UFP Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																1.53	1.16	1.91	2.58	3.00

Competitive Comparison

For the Lumber & Wood Production subindustry, UFP Industries's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UFP Industries Cash-to-Debt Distribution

For the Forest Products industry and Basic Materials sector, UFP Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where UFP Industries's Cash-to-Debt falls into.

UFP Industries Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

UFP Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1153.074	/	(65.877	+	318.419)
	=	3.00

UFP Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1153.074	/	(65.877	+	318.419)
	=	3.00

UFP Industries (NAS:UFPI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

UFP Industries Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of UFP Industries's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

UFP Industries (UFP Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » UFP Industries Inc (NAS:UFPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UF3:Germany UF3:Germany

Address

2801 East Beltline Avenue NE, Grand Rapids, MI, USA, 49525

Website

https://www.ufpi.com

UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.

Executives

Patrick M. Benton	officer: XVP UFP Eastern Div - North	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William G Currie	director	2801 EAST BELTINE N E, GRAND RAPIDS MI 49505
Michael R Cole	officer: Chief Financial Officer	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Mary E Tuuk	director	625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456
Bruce A Merino	director	3800 WEST CHAPMAN AVE, ORANGE CA 92868
David A. Tutas	officer: Vice President Legal & Secty	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Matthew J Missad	director, officer: Chief Executive Officer	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick M Webster	officer: Pres. and Chief Operating Off.	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William Danny Schwartz	officer: Exec. VP, Operations Services	2801 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Allen T Peters	officer: President, UFP Western Div	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Benjamin J. Mclean	director	2801 E BELTLINE AVE NE, GRAND RAPIDS MI 49525
Scott T Bravata	officer: Vice President Administration	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Michael G. Wooldridge	director	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Donald L James	officer: XVP National Sales	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Scott A Worthington	officer: President, UFP Industrial, LLC	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525