Green Brick Partners Inc (GRBK)

Debt-to-assets ratio

		Dec 31, 2023	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	1,902,830	1,866,650	1,776,570	1,706,460	1,655,680	1,657,740	1,588,270	1,528,660	1,421,870	1,347,320	1,287,140	1,079,920	988,847	944,582	910,248	975,180	875,539	865,789	832,961	793,020
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,902,830K
= 0.00

The debt-to-assets ratio of Green Brick Partners Inc has shown a decreasing trend over the past eight quarters, indicating a positive financial development. The ratio decreased from 0.24 in Q1 2022 to 0.18 in Q4 2023. This suggests that the company has been effectively managing its debt levels in relation to its total assets. A lower debt-to-assets ratio generally indicates lower financial risk and better solvency for the company. Overall, the decreasing trend in the debt-to-assets ratio reflects a potentially improving financial position for Green Brick Partners Inc.