Green Brick Partners Inc (GRBK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| 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 |
The solvency ratios for Green Brick Partners Inc indicate the company's ability to meet its long-term financial obligations.
- The debt-to-assets ratio has shown a declining trend over the four quarters of 2023, indicating that the company has reduced its reliance on debt to finance its assets. This is a positive sign as it implies a lower risk of insolvency.
- The debt-to-capital ratio and debt-to-equity ratio have also decreased steadily throughout 2023. This suggests that the company is becoming less leveraged and is utilizing more of its own capital to fund operations, which can enhance financial stability.
- The financial leverage ratio, which measures the company's total assets against its equity, has also declined over the quarters in 2023. A decreasing trend in this ratio implies that the company is financing its operations more with equity than debt, which can be a positive indicator of solvency.
Overall, the declining trend in these solvency ratios for Green Brick Partners Inc throughout 2023 indicates an improved financial position and reduced risk of insolvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.26 | 3.68 | 3.64 | 3.83 | 22.15 | 25.37 | 23.80 | 28.57 | 63.14 | — | — | — | — | — | — | — | — | 27.90 | 13.35 | 9.95 |
From the provided table, it appears that the interest coverage ratio for Green Brick Partners Inc is not available for all the quarters listed. This may indicate that either the interest expense or the earnings before interest and taxes (EBIT) figures are not disclosed in the financial statement or that the data has not been calculated or reported.
The interest coverage ratio is a key financial metric used to assess a company's ability to service its interest payments on outstanding debt. A higher interest coverage ratio indicates a company is more capable of meeting its interest obligations. Conversely, a lower ratio may signal potential financial distress or an increased risk of default.
Without the specific values for the interest coverage ratio, it is challenging to provide a detailed analysis of Green Brick Partners Inc's ability to cover its interest expenses. It is essential for investors and stakeholders to monitor this ratio over time to gauge the company's financial health and risk of default.