Green Brick Partners Inc (GRBK)

Financial leverage 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
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
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
Financial leverage ratio		1.46	1.50	1.51	1.53	1.56	1.64	1.68	1.68	1.63	1.76	1.79	1.62	1.54	1.55	1.58	1.80	1.67	1.70	1.69	1.65

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,902,830K ÷ $1,300,700K
= 1.46

Green Brick Partners Inc's financial leverage ratio has been decreasing over the past few quarters, from 1.56 in Q4 2022 to 1.46 in Q4 2023. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. A decreasing trend in the financial leverage ratio suggests that the company may be improving its financial stability and decreasing its risk of default. However, it's essential to monitor future trends to ensure the company maintains a healthy balance between debt and equity in its capital structure.