Green Brick Partners Inc (GRBK)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.38 | 1.43 | 1.43 | 1.43 | 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 |
The solvency ratios of Green Brick Partners Inc indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The company has maintained a Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio of 0.00 across all reported periods, suggesting that the company's debt obligations are minimal in comparison to its asset base and equity.
Additionally, the Financial leverage ratio has shown a declining trend from 1.80 in March 31, 2020, to 1.38 in December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations over the years, which is a positive sign for solvency and financial stability.
Overall, the solvency ratios of Green Brick Partners Inc highlight its strong financial position, low debt levels, and effective management of capital structure, which bodes well for the company's ability to meet its financial obligations and sustain long-term growth.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 5.29 | 5.03 | 4.49 | 2.13 | 3.75 | 3.71 | 3.89 | 22.53 | 25.38 | 23.81 | 28.58 | 63.17 | — | — | — | — | — | — | — |
Green Brick Partners Inc's interest coverage ratio shows a fluctuating trend over the past few years. As of December 31, 2021, the interest coverage ratio was 63.17, indicating a strong ability to cover interest expenses. However, the ratio declined sharply to 3.89 as of March 31, 2023, and remained relatively low at 2.13 as of December 31, 2023. This suggests that the company may be facing challenges in meeting its interest obligations with its operating income during these periods.
Subsequently, the interest coverage ratio improved slightly to 5.29 as of September 30, 2024. Despite the increase, the ratio remains below the levels seen in previous years, indicating that Green Brick Partners Inc may still have some vulnerability in meeting its interest payments from its operating profits. Further monitoring of the company's financial performance is advisable to assess its ability to manage debt obligations effectively.