Green Brick Partners Inc (GRBK)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,300,700 1,245,220 1,174,080 1,114,150 1,061,910 1,009,240 947,391 912,183 874,548 766,789 717,389 666,131 640,242 610,079 575,759 542,982 523,168 508,715 493,470 480,869
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,300,700K)
= 0.00

The debt-to-capital ratio of Green Brick Partners Inc has shown a decreasing trend from Q1 2022 to Q4 2023, going from 0.29 to 0.21. This indicates that the company has been reducing its reliance on debt to finance its operations and projects relative to its total capital. A lower debt-to-capital ratio suggests a more conservative capital structure and potentially lower financial risk. It is positive to see this downward trend as it reflects improved financial stability and strength. However, it is important to continue monitoring this ratio to ensure the company's capital structure remains sustainable in the long term.


Peer comparison

Dec 31, 2023