Green Brick Partners Inc (GRBK)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.46 | 1.56 | 1.63 | 1.54 | 1.67 |
The solvency ratios for Green Brick Partners Inc indicate a favorable trend over the past five years. The Debt-to-assets ratio has decreased steadily from 0.27 in 2019 to 0.18 in 2023, indicating that the company's reliance on debt in relation to its total assets has decreased, which suggests a stronger financial position. The Debt-to-capital ratio and Debt-to-equity ratio also show a declining trend over the same period, indicating that the company has reduced its dependence on debt in relation to its capital and equity respectively.
Furthermore, the Financial leverage ratio has also shown improvement, decreasing from 1.67 in 2019 to 1.46 in 2023. This indicates that the company has been able to reduce its financial leverage and reliance on debt financing over the years, which could lead to a lower risk of financial distress.
Overall, the solvency ratios suggest that Green Brick Partners Inc has been effectively managing its debt levels and enhancing its financial stability over the years, which could positively impact its ability to meet its financial obligations and navigate challenging economic environments.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — |
Based on the absence of data for interest coverage in the financial statements of Green Brick Partners Inc for the years 2019 to 2023, it is not possible to calculate or analyze the interest coverage ratio for the company during these periods. The interest coverage ratio is a key financial metric that indicates a company's ability to cover its interest expenses with its operating income. Without this information, it is challenging to assess the company's financial health in terms of its ability to meet its interest obligations. Further details or additional data would be required to perform a detailed analysis of Green Brick Partners Inc's interest coverage ratio over the specified period.