Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Builders FirstSource Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Builders FirstSource Inc. debt to equity ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Builders FirstSource Inc. debt to equity ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Builders FirstSource Inc. debt to capital ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Builders FirstSource Inc. debt to capital ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Builders FirstSource Inc. debt to assets ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Builders FirstSource Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Builders FirstSource Inc. financial leverage ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Builders FirstSource Inc. interest coverage ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Equity
Builders FirstSource Inc., debt to equity calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Checks outstanding | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 13,531) | 19,849) | 30,996) | |||||||
| Current maturities of long-term debt | 3,897) | 4,314) | 4,430) | 6,355) | 3,837) | 2,885) | 2,914) | 3,660) | 3,819) | 11,316) | 14,134) | 27,335) | 29,527) | 23,974) | 22,518) | 13,875) | 14,370) | 12,650) | 17,045) | 15,565) | 14,620) | 13,971) | 12,413) | |||||||
| Long-term debt, net of current maturities, discounts and issuance costs | 3,395,349) | 3,670,400) | 3,194,428) | 2,977,842) | 3,169,429) | 3,552,362) | 3,391,629) | 2,926,122) | 2,419,664) | 2,043,817) | 1,658,109) | 1,596,905) | 1,574,146) | 1,577,884) | 1,545,211) | 1,277,398) | 1,350,467) | 1,420,462) | 1,562,085) | 1,545,729) | 1,826,962) | 1,954,243) | 1,928,410) | |||||||
| Total debt | 3,399,246) | 3,674,714) | 3,198,858) | 2,984,197) | 3,173,266) | 3,555,247) | 3,394,543) | 2,929,782) | 2,423,483) | 2,055,133) | 1,672,243) | 1,624,240) | 1,603,673) | 1,601,858) | 1,567,729) | 1,291,273) | 1,364,837) | 1,433,112) | 1,579,130) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Stockholders’ equity | 4,580,685) | 4,342,060) | 4,657,232) | 4,962,566) | 5,224,603) | 5,136,353) | 5,136,047) | 4,802,481) | 5,523,426) | 5,482,455) | 4,983,945) | 1,152,783) | 1,007,865) | 915,934) | 833,538) | 824,953) | 779,001) | 704,131) | 632,471) | 596,338) | 538,315) | 461,471) | 400,973) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to equity1 | 0.74 | 0.85 | 0.69 | 0.60 | 0.61 | 0.69 | 0.66 | 0.61 | 0.44 | 0.37 | 0.34 | 1.41 | 1.59 | 1.75 | 1.88 | 1.57 | 1.75 | 2.04 | 2.50 | 2.62 | 3.45 | 4.31 | 4.92 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 117.95 | — | — | — | — | |||||||
| Caterpillar Inc. | 1.81 | 2.07 | 2.04 | 2.33 | 2.34 | 2.35 | 2.20 | 2.29 | 2.21 | 2.23 | 2.30 | 2.42 | 2.55 | 2.81 | 2.61 | 2.58 | 2.54 | 2.45 | 2.32 | — | — | — | — | |||||||
| Eaton Corp. plc | 0.50 | 0.52 | 0.50 | 0.51 | 0.56 | 0.59 | 0.58 | 0.52 | 0.57 | 0.79 | 0.68 | 0.54 | 0.57 | 0.58 | 0.59 | 0.52 | 0.51 | 0.50 | 0.47 | — | — | — | — | |||||||
| GE Aerospace | 0.73 | 0.70 | 0.71 | 0.89 | 0.97 | 0.94 | 0.86 | 0.87 | 1.68 | 1.90 | 2.12 | 2.11 | 2.39 | 2.43 | 2.41 | 3.21 | 3.34 | 2.95 | 3.06 | — | — | — | — | |||||||
| Honeywell International Inc. | 1.18 | 1.24 | 1.13 | 1.17 | 0.96 | 1.09 | 1.05 | 1.06 | 1.19 | 1.19 | 1.19 | 1.28 | 1.23 | 1.22 | 0.91 | 0.87 | 1.03 | 0.91 | 0.86 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 1.88 | 1.90 | 1.62 | 1.68 | 0.96 | 1.02 | 1.16 | 1.07 | 1.21 | 1.87 | 1.93 | 2.02 | 2.56 | 3.38 | 3.68 | 4.05 | 3.48 | 4.75 | 5.65 | — | — | — | — | |||||||
| RTX Corp. | 0.51 | 0.49 | 0.47 | 0.44 | 0.48 | 0.45 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.48 | 0.49 | 1.18 | 1.04 | 1.10 | 1.11 | 1.14 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 3,399,246 ÷ 4,580,685 = 0.74
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Builders FirstSource Inc. debt to equity ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Debt to Equity (including Operating Lease Liability)
Builders FirstSource Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Checks outstanding | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 13,531) | 19,849) | 30,996) | |||||||
| Current maturities of long-term debt | 3,897) | 4,314) | 4,430) | 6,355) | 3,837) | 2,885) | 2,914) | 3,660) | 3,819) | 11,316) | 14,134) | 27,335) | 29,527) | 23,974) | 22,518) | 13,875) | 14,370) | 12,650) | 17,045) | 15,565) | 14,620) | 13,971) | 12,413) | |||||||
| Long-term debt, net of current maturities, discounts and issuance costs | 3,395,349) | 3,670,400) | 3,194,428) | 2,977,842) | 3,169,429) | 3,552,362) | 3,391,629) | 2,926,122) | 2,419,664) | 2,043,817) | 1,658,109) | 1,596,905) | 1,574,146) | 1,577,884) | 1,545,211) | 1,277,398) | 1,350,467) | 1,420,462) | 1,562,085) | 1,545,729) | 1,826,962) | 1,954,243) | 1,928,410) | |||||||
| Total debt | 3,399,246) | 3,674,714) | 3,198,858) | 2,984,197) | 3,173,266) | 3,555,247) | 3,394,543) | 2,929,782) | 2,423,483) | 2,055,133) | 1,672,243) | 1,624,240) | 1,603,673) | 1,601,858) | 1,567,729) | 1,291,273) | 1,364,837) | 1,433,112) | 1,579,130) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Current portion of operating lease liabilities | 98,211) | 99,692) | 100,946) | 100,758) | 100,972) | 96,504) | 94,968) | 96,680) | 94,651) | 91,134) | 94,316) | 61,625) | 61,953) | 61,887) | 61,628) | 61,653) | 60,280) | 60,576) | 60,291) | —) | —) | —) | —) | |||||||
| Noncurrent portion of operating lease liabilities | 416,864) | 409,231) | 403,812) | 404,463) | 414,911) | 401,995) | 366,524) | 375,289) | 360,271) | 347,823) | 356,549) | 219,239) | 222,132) | 230,634) | 230,355) | 236,948) | 232,475) | 218,001) | 213,841) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 3,914,321) | 4,183,637) | 3,703,616) | 3,489,418) | 3,689,149) | 4,053,746) | 3,856,035) | 3,401,751) | 2,878,405) | 2,494,090) | 2,123,108) | 1,905,104) | 1,887,758) | 1,894,379) | 1,859,712) | 1,589,874) | 1,657,592) | 1,711,689) | 1,853,262) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Stockholders’ equity | 4,580,685) | 4,342,060) | 4,657,232) | 4,962,566) | 5,224,603) | 5,136,353) | 5,136,047) | 4,802,481) | 5,523,426) | 5,482,455) | 4,983,945) | 1,152,783) | 1,007,865) | 915,934) | 833,538) | 824,953) | 779,001) | 704,131) | 632,471) | 596,338) | 538,315) | 461,471) | 400,973) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.85 | 0.96 | 0.80 | 0.70 | 0.71 | 0.79 | 0.75 | 0.71 | 0.52 | 0.45 | 0.43 | 1.65 | 1.87 | 2.07 | 2.23 | 1.93 | 2.13 | 2.43 | 2.93 | 2.62 | 3.45 | 4.31 | 4.92 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | 0.52 | 0.54 | 0.53 | 0.53 | 0.59 | 0.62 | 0.60 | 0.54 | 0.59 | 0.81 | 0.70 | 0.56 | 0.59 | 0.61 | 0.62 | 0.54 | 0.53 | 0.51 | 0.48 | — | — | — | — | |||||||
| RTX Corp. | 0.53 | 0.51 | 0.50 | 0.46 | 0.50 | 0.47 | 0.46 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.50 | 0.51 | 1.23 | 1.10 | 1.15 | 1.17 | 1.19 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 3,914,321 ÷ 4,580,685 = 0.85
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Builders FirstSource Inc. debt to equity ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Debt to Capital
Builders FirstSource Inc., debt to capital calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Checks outstanding | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 13,531) | 19,849) | 30,996) | |||||||
| Current maturities of long-term debt | 3,897) | 4,314) | 4,430) | 6,355) | 3,837) | 2,885) | 2,914) | 3,660) | 3,819) | 11,316) | 14,134) | 27,335) | 29,527) | 23,974) | 22,518) | 13,875) | 14,370) | 12,650) | 17,045) | 15,565) | 14,620) | 13,971) | 12,413) | |||||||
| Long-term debt, net of current maturities, discounts and issuance costs | 3,395,349) | 3,670,400) | 3,194,428) | 2,977,842) | 3,169,429) | 3,552,362) | 3,391,629) | 2,926,122) | 2,419,664) | 2,043,817) | 1,658,109) | 1,596,905) | 1,574,146) | 1,577,884) | 1,545,211) | 1,277,398) | 1,350,467) | 1,420,462) | 1,562,085) | 1,545,729) | 1,826,962) | 1,954,243) | 1,928,410) | |||||||
| Total debt | 3,399,246) | 3,674,714) | 3,198,858) | 2,984,197) | 3,173,266) | 3,555,247) | 3,394,543) | 2,929,782) | 2,423,483) | 2,055,133) | 1,672,243) | 1,624,240) | 1,603,673) | 1,601,858) | 1,567,729) | 1,291,273) | 1,364,837) | 1,433,112) | 1,579,130) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Stockholders’ equity | 4,580,685) | 4,342,060) | 4,657,232) | 4,962,566) | 5,224,603) | 5,136,353) | 5,136,047) | 4,802,481) | 5,523,426) | 5,482,455) | 4,983,945) | 1,152,783) | 1,007,865) | 915,934) | 833,538) | 824,953) | 779,001) | 704,131) | 632,471) | 596,338) | 538,315) | 461,471) | 400,973) | |||||||
| Total capital | 7,979,931) | 8,016,774) | 7,856,090) | 7,946,763) | 8,397,869) | 8,691,600) | 8,530,590) | 7,732,263) | 7,946,909) | 7,537,588) | 6,656,188) | 2,777,023) | 2,611,538) | 2,517,792) | 2,401,267) | 2,116,226) | 2,143,838) | 2,137,243) | 2,211,601) | 2,157,632) | 2,393,428) | 2,449,534) | 2,372,792) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to capital1 | 0.43 | 0.46 | 0.41 | 0.38 | 0.38 | 0.41 | 0.40 | 0.38 | 0.30 | 0.27 | 0.25 | 0.58 | 0.61 | 0.64 | 0.65 | 0.61 | 0.64 | 0.67 | 0.71 | 0.72 | 0.78 | 0.81 | 0.83 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 1.47 | 1.42 | 1.39 | 1.39 | 1.45 | 1.35 | 1.36 | 1.35 | 1.30 | 1.36 | 1.40 | 1.40 | 1.24 | 1.23 | 1.33 | 1.46 | 1.20 | 1.38 | 0.99 | — | — | — | — | |||||||
| Caterpillar Inc. | 0.64 | 0.67 | 0.67 | 0.70 | 0.70 | 0.70 | 0.69 | 0.70 | 0.69 | 0.69 | 0.70 | 0.71 | 0.72 | 0.74 | 0.72 | 0.72 | 0.72 | 0.71 | 0.70 | — | — | — | — | |||||||
| Eaton Corp. plc | 0.33 | 0.34 | 0.34 | 0.34 | 0.36 | 0.37 | 0.37 | 0.34 | 0.36 | 0.44 | 0.40 | 0.35 | 0.36 | 0.37 | 0.37 | 0.34 | 0.34 | 0.33 | 0.32 | — | — | — | — | |||||||
| GE Aerospace | 0.42 | 0.41 | 0.41 | 0.47 | 0.49 | 0.48 | 0.46 | 0.47 | 0.63 | 0.65 | 0.68 | 0.68 | 0.70 | 0.71 | 0.71 | 0.76 | 0.77 | 0.75 | 0.75 | — | — | — | — | |||||||
| Honeywell International Inc. | 0.54 | 0.55 | 0.53 | 0.54 | 0.49 | 0.52 | 0.51 | 0.51 | 0.54 | 0.54 | 0.54 | 0.56 | 0.55 | 0.55 | 0.48 | 0.46 | 0.51 | 0.48 | 0.46 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 0.65 | 0.66 | 0.62 | 0.63 | 0.49 | 0.50 | 0.54 | 0.52 | 0.55 | 0.65 | 0.66 | 0.67 | 0.72 | 0.77 | 0.79 | 0.80 | 0.78 | 0.83 | 0.85 | — | — | — | — | |||||||
| RTX Corp. | 0.34 | 0.33 | 0.32 | 0.31 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.31 | 0.31 | 0.31 | 0.32 | 0.33 | 0.54 | 0.51 | 0.52 | 0.53 | 0.53 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 3,399,246 ÷ 7,979,931 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Builders FirstSource Inc. debt to capital ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Debt to Capital (including Operating Lease Liability)
Builders FirstSource Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Checks outstanding | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 13,531) | 19,849) | 30,996) | |||||||
| Current maturities of long-term debt | 3,897) | 4,314) | 4,430) | 6,355) | 3,837) | 2,885) | 2,914) | 3,660) | 3,819) | 11,316) | 14,134) | 27,335) | 29,527) | 23,974) | 22,518) | 13,875) | 14,370) | 12,650) | 17,045) | 15,565) | 14,620) | 13,971) | 12,413) | |||||||
| Long-term debt, net of current maturities, discounts and issuance costs | 3,395,349) | 3,670,400) | 3,194,428) | 2,977,842) | 3,169,429) | 3,552,362) | 3,391,629) | 2,926,122) | 2,419,664) | 2,043,817) | 1,658,109) | 1,596,905) | 1,574,146) | 1,577,884) | 1,545,211) | 1,277,398) | 1,350,467) | 1,420,462) | 1,562,085) | 1,545,729) | 1,826,962) | 1,954,243) | 1,928,410) | |||||||
| Total debt | 3,399,246) | 3,674,714) | 3,198,858) | 2,984,197) | 3,173,266) | 3,555,247) | 3,394,543) | 2,929,782) | 2,423,483) | 2,055,133) | 1,672,243) | 1,624,240) | 1,603,673) | 1,601,858) | 1,567,729) | 1,291,273) | 1,364,837) | 1,433,112) | 1,579,130) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Current portion of operating lease liabilities | 98,211) | 99,692) | 100,946) | 100,758) | 100,972) | 96,504) | 94,968) | 96,680) | 94,651) | 91,134) | 94,316) | 61,625) | 61,953) | 61,887) | 61,628) | 61,653) | 60,280) | 60,576) | 60,291) | —) | —) | —) | —) | |||||||
| Noncurrent portion of operating lease liabilities | 416,864) | 409,231) | 403,812) | 404,463) | 414,911) | 401,995) | 366,524) | 375,289) | 360,271) | 347,823) | 356,549) | 219,239) | 222,132) | 230,634) | 230,355) | 236,948) | 232,475) | 218,001) | 213,841) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 3,914,321) | 4,183,637) | 3,703,616) | 3,489,418) | 3,689,149) | 4,053,746) | 3,856,035) | 3,401,751) | 2,878,405) | 2,494,090) | 2,123,108) | 1,905,104) | 1,887,758) | 1,894,379) | 1,859,712) | 1,589,874) | 1,657,592) | 1,711,689) | 1,853,262) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Stockholders’ equity | 4,580,685) | 4,342,060) | 4,657,232) | 4,962,566) | 5,224,603) | 5,136,353) | 5,136,047) | 4,802,481) | 5,523,426) | 5,482,455) | 4,983,945) | 1,152,783) | 1,007,865) | 915,934) | 833,538) | 824,953) | 779,001) | 704,131) | 632,471) | 596,338) | 538,315) | 461,471) | 400,973) | |||||||
| Total capital (including operating lease liability) | 8,495,006) | 8,525,697) | 8,360,848) | 8,451,984) | 8,913,752) | 9,190,099) | 8,992,082) | 8,204,232) | 8,401,831) | 7,976,545) | 7,107,053) | 3,057,887) | 2,895,623) | 2,810,313) | 2,693,250) | 2,414,827) | 2,436,593) | 2,415,820) | 2,485,733) | 2,157,632) | 2,393,428) | 2,449,534) | 2,372,792) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.46 | 0.49 | 0.44 | 0.41 | 0.41 | 0.44 | 0.43 | 0.41 | 0.34 | 0.31 | 0.30 | 0.62 | 0.65 | 0.67 | 0.69 | 0.66 | 0.68 | 0.71 | 0.75 | 0.72 | 0.78 | 0.81 | 0.83 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | 0.34 | 0.35 | 0.35 | 0.35 | 0.37 | 0.38 | 0.37 | 0.35 | 0.37 | 0.45 | 0.41 | 0.36 | 0.37 | 0.38 | 0.38 | 0.35 | 0.35 | 0.34 | 0.33 | — | — | — | — | |||||||
| RTX Corp. | 0.35 | 0.34 | 0.33 | 0.32 | 0.33 | 0.32 | 0.31 | 0.31 | 0.31 | 0.32 | 0.32 | 0.32 | 0.33 | 0.34 | 0.55 | 0.52 | 0.54 | 0.54 | 0.54 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 3,914,321 ÷ 8,495,006 = 0.46
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Builders FirstSource Inc. debt to capital ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Debt to Assets
Builders FirstSource Inc., debt to assets calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Checks outstanding | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 13,531) | 19,849) | 30,996) | |||||||
| Current maturities of long-term debt | 3,897) | 4,314) | 4,430) | 6,355) | 3,837) | 2,885) | 2,914) | 3,660) | 3,819) | 11,316) | 14,134) | 27,335) | 29,527) | 23,974) | 22,518) | 13,875) | 14,370) | 12,650) | 17,045) | 15,565) | 14,620) | 13,971) | 12,413) | |||||||
| Long-term debt, net of current maturities, discounts and issuance costs | 3,395,349) | 3,670,400) | 3,194,428) | 2,977,842) | 3,169,429) | 3,552,362) | 3,391,629) | 2,926,122) | 2,419,664) | 2,043,817) | 1,658,109) | 1,596,905) | 1,574,146) | 1,577,884) | 1,545,211) | 1,277,398) | 1,350,467) | 1,420,462) | 1,562,085) | 1,545,729) | 1,826,962) | 1,954,243) | 1,928,410) | |||||||
| Total debt | 3,399,246) | 3,674,714) | 3,198,858) | 2,984,197) | 3,173,266) | 3,555,247) | 3,394,543) | 2,929,782) | 2,423,483) | 2,055,133) | 1,672,243) | 1,624,240) | 1,603,673) | 1,601,858) | 1,567,729) | 1,291,273) | 1,364,837) | 1,433,112) | 1,579,130) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Total assets | 10,736,757) | 10,733,112) | 10,476,916) | 10,595,160) | 11,537,698) | 12,085,902) | 12,051,185) | 10,714,343) | 10,809,148) | 10,626,094) | 9,379,506) | 4,173,671) | 4,014,934) | 3,764,678) | 3,561,358) | 3,249,490) | 3,297,759) | 3,249,971) | 3,199,465) | 2,932,309) | 3,193,585) | 3,322,852) | 3,109,689) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to assets1 | 0.32 | 0.34 | 0.31 | 0.28 | 0.28 | 0.29 | 0.28 | 0.27 | 0.22 | 0.19 | 0.18 | 0.39 | 0.40 | 0.43 | 0.44 | 0.40 | 0.41 | 0.44 | 0.49 | 0.53 | 0.58 | 0.60 | 0.63 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 0.39 | 0.39 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.42 | 0.43 | 0.43 | 0.42 | 0.42 | 0.38 | 0.38 | 0.27 | 0.20 | 0.19 | 0.15 | 0.12 | — | — | — | — | |||||||
| Caterpillar Inc. | 0.43 | 0.44 | 0.44 | 0.45 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.47 | 0.50 | 0.50 | 0.49 | 0.48 | 0.49 | 0.46 | 0.45 | — | — | — | — | |||||||
| Eaton Corp. plc | 0.25 | 0.25 | 0.25 | 0.25 | 0.26 | 0.28 | 0.27 | 0.25 | 0.27 | 0.33 | 0.30 | 0.25 | 0.26 | 0.27 | 0.27 | 0.25 | 0.25 | 0.25 | 0.24 | — | — | — | — | |||||||
| GE Aerospace | 0.13 | 0.13 | 0.14 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.27 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 | 0.32 | 0.34 | 0.35 | 0.34 | 0.34 | — | — | — | — | |||||||
| Honeywell International Inc. | 0.33 | 0.34 | 0.32 | 0.31 | 0.28 | 0.31 | 0.31 | 0.30 | 0.33 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.28 | 0.27 | 0.31 | 0.28 | 0.28 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 0.31 | 0.31 | 0.29 | 0.29 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.26 | 0.26 | 0.27 | 0.28 | 0.28 | 0.29 | — | — | — | — | |||||||
| RTX Corp. | 0.22 | 0.22 | 0.21 | 0.20 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.33 | 0.31 | 0.32 | 0.33 | 0.33 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 3,399,246 ÷ 10,736,757 = 0.32
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Builders FirstSource Inc. debt to assets ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Debt to Assets (including Operating Lease Liability)
Builders FirstSource Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Checks outstanding | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 13,531) | 19,849) | 30,996) | |||||||
| Current maturities of long-term debt | 3,897) | 4,314) | 4,430) | 6,355) | 3,837) | 2,885) | 2,914) | 3,660) | 3,819) | 11,316) | 14,134) | 27,335) | 29,527) | 23,974) | 22,518) | 13,875) | 14,370) | 12,650) | 17,045) | 15,565) | 14,620) | 13,971) | 12,413) | |||||||
| Long-term debt, net of current maturities, discounts and issuance costs | 3,395,349) | 3,670,400) | 3,194,428) | 2,977,842) | 3,169,429) | 3,552,362) | 3,391,629) | 2,926,122) | 2,419,664) | 2,043,817) | 1,658,109) | 1,596,905) | 1,574,146) | 1,577,884) | 1,545,211) | 1,277,398) | 1,350,467) | 1,420,462) | 1,562,085) | 1,545,729) | 1,826,962) | 1,954,243) | 1,928,410) | |||||||
| Total debt | 3,399,246) | 3,674,714) | 3,198,858) | 2,984,197) | 3,173,266) | 3,555,247) | 3,394,543) | 2,929,782) | 2,423,483) | 2,055,133) | 1,672,243) | 1,624,240) | 1,603,673) | 1,601,858) | 1,567,729) | 1,291,273) | 1,364,837) | 1,433,112) | 1,579,130) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Current portion of operating lease liabilities | 98,211) | 99,692) | 100,946) | 100,758) | 100,972) | 96,504) | 94,968) | 96,680) | 94,651) | 91,134) | 94,316) | 61,625) | 61,953) | 61,887) | 61,628) | 61,653) | 60,280) | 60,576) | 60,291) | —) | —) | —) | —) | |||||||
| Noncurrent portion of operating lease liabilities | 416,864) | 409,231) | 403,812) | 404,463) | 414,911) | 401,995) | 366,524) | 375,289) | 360,271) | 347,823) | 356,549) | 219,239) | 222,132) | 230,634) | 230,355) | 236,948) | 232,475) | 218,001) | 213,841) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 3,914,321) | 4,183,637) | 3,703,616) | 3,489,418) | 3,689,149) | 4,053,746) | 3,856,035) | 3,401,751) | 2,878,405) | 2,494,090) | 2,123,108) | 1,905,104) | 1,887,758) | 1,894,379) | 1,859,712) | 1,589,874) | 1,657,592) | 1,711,689) | 1,853,262) | 1,561,294) | 1,855,113) | 1,988,063) | 1,971,819) | |||||||
| Total assets | 10,736,757) | 10,733,112) | 10,476,916) | 10,595,160) | 11,537,698) | 12,085,902) | 12,051,185) | 10,714,343) | 10,809,148) | 10,626,094) | 9,379,506) | 4,173,671) | 4,014,934) | 3,764,678) | 3,561,358) | 3,249,490) | 3,297,759) | 3,249,971) | 3,199,465) | 2,932,309) | 3,193,585) | 3,322,852) | 3,109,689) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.36 | 0.39 | 0.35 | 0.33 | 0.32 | 0.34 | 0.32 | 0.32 | 0.27 | 0.23 | 0.23 | 0.46 | 0.47 | 0.50 | 0.52 | 0.49 | 0.50 | 0.53 | 0.58 | 0.53 | 0.58 | 0.60 | 0.63 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||||
| Eaton Corp. plc | 0.26 | 0.27 | 0.26 | 0.26 | 0.28 | 0.29 | 0.28 | 0.26 | 0.28 | 0.34 | 0.31 | 0.26 | 0.28 | 0.28 | 0.28 | 0.26 | 0.26 | 0.26 | 0.25 | — | — | — | — | |||||||
| RTX Corp. | 0.23 | 0.23 | 0.22 | 0.21 | 0.22 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.35 | 0.33 | 0.34 | 0.34 | 0.34 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 3,914,321 ÷ 10,736,757 = 0.36
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Builders FirstSource Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Financial Leverage
Builders FirstSource Inc., financial leverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Total assets | 10,736,757) | 10,733,112) | 10,476,916) | 10,595,160) | 11,537,698) | 12,085,902) | 12,051,185) | 10,714,343) | 10,809,148) | 10,626,094) | 9,379,506) | 4,173,671) | 4,014,934) | 3,764,678) | 3,561,358) | 3,249,490) | 3,297,759) | 3,249,971) | 3,199,465) | 2,932,309) | 3,193,585) | 3,322,852) | 3,109,689) | |||||||
| Stockholders’ equity | 4,580,685) | 4,342,060) | 4,657,232) | 4,962,566) | 5,224,603) | 5,136,353) | 5,136,047) | 4,802,481) | 5,523,426) | 5,482,455) | 4,983,945) | 1,152,783) | 1,007,865) | 915,934) | 833,538) | 824,953) | 779,001) | 704,131) | 632,471) | 596,338) | 538,315) | 461,471) | 400,973) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Financial leverage1 | 2.34 | 2.47 | 2.25 | 2.14 | 2.21 | 2.35 | 2.35 | 2.23 | 1.96 | 1.94 | 1.88 | 3.62 | 3.98 | 4.11 | 4.27 | 3.94 | 4.23 | 4.62 | 5.06 | 4.92 | 5.93 | 7.20 | 7.76 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 961.67 | — | — | — | — | |||||||
| Caterpillar Inc. | 4.24 | 4.68 | 4.61 | 5.16 | 5.19 | 5.16 | 4.82 | 5.02 | 4.85 | 4.85 | 4.87 | 5.11 | 5.13 | 5.57 | 5.35 | 5.38 | 5.22 | 5.34 | 5.10 | — | — | — | — | |||||||
| Eaton Corp. plc | 2.03 | 2.05 | 2.04 | 2.06 | 2.14 | 2.15 | 2.12 | 2.07 | 2.14 | 2.39 | 2.27 | 2.13 | 2.14 | 2.14 | 2.17 | 2.04 | 2.01 | 1.98 | 1.95 | — | — | — | — | |||||||
| GE Aerospace | 5.47 | 5.23 | 5.20 | 5.16 | 5.75 | 5.35 | 4.92 | 4.93 | 6.33 | 7.09 | 7.30 | 7.13 | 7.64 | 7.62 | 7.43 | 9.40 | 9.42 | 8.71 | 8.96 | — | — | — | — | |||||||
| Honeywell International Inc. | 3.56 | 3.60 | 3.54 | 3.73 | 3.40 | 3.55 | 3.45 | 3.47 | 3.60 | 3.56 | 3.53 | 3.68 | 3.51 | 3.50 | 3.25 | 3.17 | 3.32 | 3.23 | 3.12 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 6.11 | 6.17 | 5.66 | 5.71 | 4.35 | 4.53 | 5.15 | 4.64 | 5.38 | 7.99 | 8.15 | 8.43 | 10.25 | 13.22 | 14.29 | 15.20 | 12.66 | 16.79 | 19.34 | — | — | — | — | |||||||
| RTX Corp. | 2.33 | 2.24 | 2.22 | 2.19 | 2.25 | 2.26 | 2.20 | 2.21 | 2.23 | 2.23 | 2.24 | 2.25 | 2.37 | 2.40 | 3.54 | 3.34 | 3.44 | 3.41 | 3.46 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 10,736,757 ÷ 4,580,685 = 2.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Builders FirstSource Inc. financial leverage ratio increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Interest Coverage
Builders FirstSource Inc., interest coverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income | 451,457) | 404,619) | 333,786) | 384,513) | 738,007) | 987,209) | 639,640) | 442,456) | 613,145) | 497,235) | 172,580) | 139,914) | 85,932) | 78,924) | 8,767) | 41,367) | 78,130) | 66,604) | 35,708) | 52,021) | 73,328) | 56,622) | 23,220) | |||||||
| Add: Income tax expense | 139,978) | 119,437) | 91,289) | 99,259) | 232,410) | 307,944) | 182,851) | 139,050) | 188,341) | 155,208) | 43,532) | 45,078) | 25,783) | 23,519) | 249) | 6,291) | 23,714) | 19,659) | 11,282) | 15,048) | 19,354) | 18,980) | 2,182) | |||||||
| Add: Interest expense, net | 50,193) | 53,016) | 42,108) | 42,233) | 44,111) | 70,715) | 41,314) | 40,284) | 35,954) | 27,795) | 31,844) | 28,902) | 28,043) | 26,812) | 51,931) | 27,480) | 27,788) | 29,382) | 24,901) | 23,408) | 29,106) | 28,957) | 26,742) | |||||||
| Earnings before interest and tax (EBIT) | 641,628) | 577,072) | 467,183) | 526,005) | 1,014,528) | 1,365,868) | 863,805) | 621,790) | 837,440) | 680,238) | 247,956) | 213,894) | 139,758) | 129,255) | 60,947) | 75,138) | 129,632) | 115,645) | 71,891) | 90,477) | 121,788) | 104,559) | 52,144) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Interest coverage1 | 11.79 | 14.24 | 16.94 | 19.01 | 19.68 | 19.59 | 20.66 | 17.57 | 15.90 | 11.00 | 6.32 | 4.01 | 3.02 | 2.95 | 2.79 | 3.58 | 3.86 | 3.74 | 3.65 | 3.41 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | -0.06 | -0.85 | -0.53 | -0.98 | -2.54 | -1.40 | -1.31 | -0.88 | -2.29 | -2.55 | -4.26 | -5.71 | -3.83 | -3.86 | -6.13 | -2.19 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 24.81 | 23.80 | 21.33 | 20.80 | 22.05 | 20.08 | 19.10 | 17.88 | 14.11 | 11.79 | 9.28 | 8.80 | 9.94 | 13.07 | 17.44 | 19.62 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 22.25 | 19.68 | 19.85 | 21.22 | 21.33 | 24.31 | 22.57 | 21.11 | 20.08 | 15.71 | 11.87 | 12.72 | 11.39 | 11.72 | 13.79 | 11.98 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 9.41 | 8.49 | 6.73 | 1.88 | -1.66 | -1.16 | -1.49 | -0.96 | 2.15 | 1.11 | 0.65 | 2.59 | 2.16 | 2.11 | 2.64 | 1.27 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 10.68 | 12.45 | 14.34 | 16.41 | 20.95 | 20.60 | 21.35 | 22.09 | 20.98 | 18.89 | 16.79 | 17.75 | 18.10 | 20.68 | 23.18 | 22.17 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 10.42 | 11.74 | 10.58 | 11.72 | 13.31 | 10.88 | 14.12 | 14.27 | 13.67 | 15.97 | 15.44 | 14.93 | 14.16 | 13.35 | 12.63 | 12.09 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Interest coverage
= (EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023
+ EBITQ4 2022)
÷ (Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023
+ Interest expenseQ4 2022)
= (641,628 + 577,072 + 467,183 + 526,005)
÷ (50,193 + 53,016 + 42,108 + 42,233)
= 11.79
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Builders FirstSource Inc. interest coverage ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |