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.