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.