Green Brick Partners Inc (GRBK)
Debt-to-equity 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-equity 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-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 over the past 8 quarters, indicating a lower reliance on debt compared to equity. The ratio has decreased from 0.41 in Q1 2022 to 0.27 in Q4 2023. This suggests that the company has been reducing its debt levels or improving its equity position, which can be seen as a positive sign for investors and creditors. A lower debt-to-equity ratio generally signifies a stronger financial position and lower financial risk for the company. It is important to continue monitoring this ratio to ensure sustainable financial health and management of leverage.
Peer comparison
Dec 31, 2023