Granite Construction Incorporated (GVA)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 578,330 | 462,286 | 366,746 | 321,752 | 417,663 | 292,124 | 214,446 | 199,751 | 293,991 | 255,084 | 175,022 | 360,911 | 395,647 | 464,049 | 393,181 | 452,928 | 436,136 | 388,024 | 288,922 | 242,604 |
| Short-term investments | US$ in thousands | 148,239 | 10,147 | 10,500 | 184,485 | 35,863 | 237,947 | 213,074 | 221,817 | 223,182 | 226,697 | 232,028 | 206,136 | 189,911 | 195,354 | 195,430 | 186,536 | 188,798 | 184,980 | 5,896 | 195,458 |
| Total current liabilities | US$ in thousands | 1,031,960 | 1,164,830 | 1,016,400 | 936,435 | 1,029,880 | 1,056,480 | 867,234 | 723,367 | 797,594 | 1,040,980 | 994,246 | 939,254 | 1,069,320 | 1,100,350 | 1,048,280 | 1,000,140 | 943,256 | 974,593 | 889,600 | 809,562 |
| Cash ratio | 0.70 | 0.41 | 0.37 | 0.54 | 0.44 | 0.50 | 0.49 | 0.58 | 0.65 | 0.46 | 0.41 | 0.60 | 0.55 | 0.60 | 0.56 | 0.64 | 0.66 | 0.59 | 0.33 | 0.54 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($578,330K
+ $148,239K)
÷ $1,031,960K
= 0.70
Granite Construction Incorporated's cash ratio has experienced fluctuations over the reporting periods from March 31, 2020, to December 31, 2024. The cash ratio, which measures the company's ability to cover its short-term obligations with its available cash and cash equivalents, ranged from a low of 0.33 on June 30, 2020, to a high of 0.70 on December 31, 2024. This indicates that the company had varying levels of liquid assets relative to its current liabilities during these periods. The fluctuations in the cash ratio suggest changes in the company's liquidity position over time, which could be influenced by factors such as cash flows from operations, debt levels, and investment decisions. It is important for investors and analysts to closely monitor the cash ratio to assess Granite Construction Incorporated's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2024