Green Brick Partners Inc (GRBK)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,300,700 | 1,061,910 | 874,548 | 640,242 | 523,168 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,300,700K
= 0.00
The debt-to-equity ratio of Green Brick Partners Inc has shown a decreasing trend from 0.46 in 2019 to 0.27 in 2023. This suggests that the company has been reducing its reliance on debt financing relative to equity over the years. A lower debt-to-equity ratio indicates a stronger financial position and lower financial risk, as the company is using less debt to fund its operations and investments. This trend may signal improved financial stability and a better ability to weather economic downturns. It also indicates a higher capacity for future growth and investment opportunities without being overly leveraged. Overall, the declining debt-to-equity ratio reflects positively on the company's financial health and management's prudent capital structure decisions.
Peer comparison
Dec 31, 2023