Boise Cascade Co (Boise Cascade Co) Interest Coverage : 18.80 (As of Dec. 2023)

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What is Boise Cascade Co Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Boise Cascade Co's Operating Income for the three months ended in Dec. 2023 was $121 Mil. Boise Cascade Co's Interest Expense for the three months ended in Dec. 2023 was $-6 Mil. Boise Cascade Co's interest coverage for the quarter that ended in Dec. 2023 was 18.80. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Boise Cascade Co's Interest Coverage or its related term are showing as below:

BCC' s Interest Coverage Range Over the Past 10 Years
Min: 2.98 Med: 6.08 Max: 45.55
Current: 24.48

BCC's Interest Coverage is ranked better than
75.16% of 306 companies
in the Building Materials industry
Industry Median: 6.97 vs BCC: 24.48

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Boise Cascade Co Interest Coverage Historical Data

The historical data trend for Boise Cascade Co's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term 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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Boise Cascade Co Interest Coverage Chart

Boise Cascade Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

5.14

12.56

39.17

45.55

24.48

Boise Cascade Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															24.17	20.05	29.96	29.22	18.80

Competitive Comparison of Boise Cascade Co's Interest Coverage

For the Building Materials subindustry, Boise Cascade Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Boise Cascade Co's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Boise Cascade Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Boise Cascade Co's Interest Coverage falls into.

Boise Cascade Co Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Boise Cascade Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Boise Cascade Co's Interest Expense was $-25 Mil. Its Operating Income was $624 Mil. And its Long-Term Debt & Capital Lease Obligation was $530 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	624.223	/	-25.496
	=	24.48

Boise Cascade Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Boise Cascade Co's Interest Expense was $-6 Mil. Its Operating Income was $121 Mil. And its Long-Term Debt & Capital Lease Obligation was $530 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	121.135	/	-6.445
	=	18.80

The higher the ratio, the stronger the company's Financial Strength is.

Boise Cascade Co (NYSE:BCC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Boise Cascade Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Boise Cascade Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Boise Cascade Co (Boise Cascade Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Boise Cascade Co (NYSE:BCC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BC0:Germany BC0:Germany

Address

1111 West Jefferson Street, Suite 300, Boise, ID, USA, 83702-5389

Website

https://www.bc.com

Boise Cascade Co is a producer of engineered wood products (EWP) and plywood. The firm operates in two segments namely Wood Products and Building Materials Distribution. Wood Products segment manufactures EWP, consisting of laminated veneer lumber (LVL), I-joists, and laminated beams. The Building Materials Distribution segment is engaged in the wholesale of building materials. It distributes products such as plywood, OSB, and lumber items such as siding, doors, metal products, insulation, and roofing, EWP and others. The company generates a majority of its revenue from the Building Material Distribution segment.

Executives

Sue Ying Taylor	director	PO BOX 50, BOISE ID 83728-0050
Steven C Cooper	director	PO BOX 2910, TACOMA WA 98401-2910
Dean Michael Brown	officer: EVP, Wood Products	PO BOX 50, BOISE ID 83728-0050
Jeffrey Robert Strom	officer: EVP, BMD	PO BOX 50, BOISE ID 83728-0050
Kristopher J Matula	director	BUCKEYE TECHNOLOGIES INC, 1001 TILLMAN STREET, MEMPHIS TN 38112
Mack L Hogans	director	WEYERHAEUSER CO, P O B 9777, FEDERAL WAY WA 98063
Thomas E Carlile	director, officer: Chief Executive Officer	BOISE CASCADE COMPANY, P.O. BOX 50, BOISE ID 83728
Jill Twedt	officer: VP, General Counsel & Corp Sec	PO BOX 50, BOISE ID 83728-0050
Kelly E. Hibbs	officer: VP and Controller	C/O BOISE CASCADE, L.L.C., 1111 WEST JEFFERSON STREET, SUITE 300, BOISE ID 83702-5389
Amy Humphreys	director	PO BOX 50, BOISE ID 83728-0050
Craig O Dawson	director	PO BOX 50, BOISE ID 83728-0050
Wayne M Rancourt	officer: SVP, CFO and Treasurer	1111 WEST JEFFERSON STREET, SUITE 300, P O BOX 50, BOISE ID 83728
Nick Stokes	officer: EVP, BMD	C/O BOISE CASCADE COMPANY, 1111 W. JEFFERSON ST., STE. 300, BOISE ID 83702
Thomas Kevin Corrick	officer: EVP, Wood Products	C/O BOISE CASCADE, L.L.C., 1111 W. JEFFERSON ST., STE 300, BOISE ID 83702-5389
Nate Jorgensen	officer: COO	PO BOX 50, BOISE ID 83728-0050