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Forestry & Wood Products Industry Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Forestry & Wood Products Industry 4 Q 3 Q 2 Q 1 Q 4 Q
  2023 2023 2023 2023 2022
Quick Ratio (TTM) 0.64 0.49 0.35 0.45 0.36
Quick Ratio Ranking # 25 # 36 # 54 # 38 # 51
Working Capital Ratio (TTM) 2.62 2.3 2.15 2.45 2.05
Working Capital Ratio Ranking # 5 # 6 # 11 # 6 # 15
Working Capital Per Revenue 0.21 0.19 0.18 0.18 0.17
Working Capital Per Revenue Ranking # 82 # 79 # 71 # 72 # 70
Leverage Ratio (TTM) 1.08 1.46 1.62 1.48 1.66
Leverage Ratio Ranking # 19 # 33 # 37 # 35 # 41
Total Debt to Equity (TTM) 0.48 0.79 0.89 0.75 0.95
Total Debt to Equity Ranking # 29 # 58 # 65 # 54 # 70
Interest Coverage (TTM) 11.97 8.62 8.19 10.49 12.16
Interest Coverage Ranking # 29 # 45 # 55 # 45 # 41
Debt Coverage (TTM) 0.66 0.44 0.4 0.56 0.47
Debt Coverage Ranking # 13 # 37 # 42 # 24 # 27


Quick Ratio Comment
On the trailing twelve months basis Forestry & Wood Products Industry's Cash & cash equivalent grew by 24.38 % in the 4 Q 2023 sequentially, while Current Liabilities decreased, this led to improvement in Forestry & Wood Products Industry's Quick Ratio to 0.64 in the 4 Q 2023,, above Forestry & Wood Products Industry average Quick Ratio.



Within Basic Materials sector only one Industry has accomplished higher Quick Ratio. Quick Ratio total ranking has improved so far to 25, from total ranking in previous quarter at 36.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 4 Q 2023
High Average Low
1.89 0.61 0.28
1. quarter 2016   4. quarter 2018

Quick Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 25


Other Quick Ratios
Compare Industry's quick ratio to Xray's or S&P Constituent list of Forestry & Wood Products Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for XRAY's Competitors Definiton of Quick Ratio


Forestry & Wood Products Industry Working Capital Ratio Statistics as of 4 Q 2023
 



Working Capital Ratio Statistics as of 4 Q 2023
High Average Low
2.62 2.19 1.97
4. quarter 2023   3. quarter 2016



Working Capital Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Industry's Current Assets, this led to improvement in Industry's Working Capital Ratio to 2.62 in the 4 Q 2023 a new Industry high.



Within Basic Materials sector only one Industry has achieved higher Working Capital Ratio. Working Capital Ratio total ranking has improved to 5, from total ranking in previous quarter at 6.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 5

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Xray's or S&P Constituent list of Forestry & Wood Products Industry
Working Capital ratios for XRAY's Competitors Definiton of Working Capital Ratio

Forestry & Wood Products Industry Working Capital Per Revenue Statistics as of 4 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Forestry & Wood Products Industry's Working Capital Per Revenue sequentially grew to 0.21 in the 4 Q 2023, a new Industry high. Due to decline in revenue year on year by -18.51%.



Within Basic Materials sector 5 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 79 to 82.




Working Capital Per Revenue Statistics as of 4 Q 2023
High Average Low
0.21 0.17 0.08
4. quarter 2023   1. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 6
Overall # 82



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Xray's or S&P Constituent list of Forestry & Wood Products Industry
Return On Assets for Forestry & Wood Products Industry Definiton of Working Capital Per Revenue



Forestry & Wood Products Industry Leverage Ratio Statistics as of 4 Q 2023
 


Leverage Ratio Statistics as of 4 Q 2023
High Average Low
4.04 2.45 1.08
1. quarter 2014   4. quarter 2023



Leverage Ratio Comment
Due to repayements of liabilities of -1.71% Industry improved Liabilities to Equity ratio in 4 Q 2023 to 1.08, a new Industry low.



Among other Industries in the Basic Materials sector 2 other industries have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 19, from overall ranking in the previous quarter at 33.



Leverage Ratio Industry Ranking
Within: No.
Sector # 3
Overall # 19

Other Leverage Ratios
Compare Industry's Leverage ratio to Xray's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for XRAY's Competitors What is Leverage Ratio?


Forestry & Wood Products Industry Total Debt to Equity Ratio Statistics as of 4 Q 2023
 
Debt to Equity Ratio Comment
Due to debt repayement of -1.58% Industry improved Total Debt to Equity in 4 Q 2023 to 0.48, above Industry average.



Within Basic Materials sector 3 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 29, from total ranking in previous quarter at 58.




Debt to Equity Ratio Statistics as of 4 Q 2023
High Average Low
1.66 0.41 0.01
1. quarter 2014   3. quarter 2021



Debt to Equity Industry Ranking
Within: No.
Sector # 4
Overall # 29

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Xray's or S&P Definiton of Debt to Equity Ratio

Forestry & Wood Products Industry Interest Coverage Ratio Statistics as of 4 Q 2023
 


Interest Coverage Ratio Statistics as of 4 Q 2023
High Average Low
16.42 8.26 2.03
2. quarter 2022   4. quarter 2015

Interest Coverage Ratio Comment
On the trailing twelve months basis interest expenses decreased faster than Industry's ebitda, this led to improvement in Industry's Interest Coverage Ratio to 11.97 , above Forestry & Wood Products Industry average Interest Coverage Ratio.



In the Basic Materials sector only one Industry has achieved higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 29, from total ranking in previous quarter at 45.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 29

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Xray's or S&P Definiton of Interest Coverage Ratio


Forestry & Wood Products Industry Debt Coverage Statistics as of 4 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis total debt decreased faster than Industry's ebitda, this led to improvement in Industry's Debt Coverage Ratio to 0.66 , Debt Coverage Ratio remained below Forestry & Wood Products Industry average.



Looking into Basic Materials sector only one Industry has accomplished higher Debt Coverage Ratio. Debt Coverage Ratio total ranking has improved to 13, from total ranking in previous quarter at 37.




Debt Coverage Statistics as of 4 Q 2023
High Average Low
51.74 10.17 0.27
3. quarter 2021   3. quarter 2014



Debt Coverage Industry Ranking
Within: No.
Sector # 2
Overall # 13

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Forestry & Wood Products Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-04-11T15:51:35+00:00



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