Granite Construction Incorporated (GVA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,716,660 | 1,814,100 | 1,706,170 | 1,418,110 | 1,643,450 | 1,695,050 | 1,491,190 | 1,246,240 | 1,347,300 | 1,579,690 | 1,593,280 | 1,592,730 | 1,827,400 | 1,665,430 | 1,566,430 | 1,450,740 | 1,455,250 | 1,545,300 | 1,423,940 | 1,301,060 |
| 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 |
| Current ratio | 1.66 | 1.56 | 1.68 | 1.51 | 1.60 | 1.60 | 1.72 | 1.72 | 1.69 | 1.52 | 1.60 | 1.70 | 1.71 | 1.51 | 1.49 | 1.45 | 1.54 | 1.59 | 1.60 | 1.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,716,660K ÷ $1,031,960K
= 1.66
Granite Construction Incorporated's current ratio has exhibited fluctuations over the past few years. As of December 31, 2024, the current ratio stands at 1.66, indicating that the company has $1.66 in current assets for every $1 in current liabilities.
The current ratio has ranged from a low of 1.45 on March 31, 2021, to a high of 1.72 on multiple occasions, such as on March 31, 2023, and June 30, 2023. These fluctuations may suggest variations in the company's liquidity position over time.
Overall, the current ratio has generally remained above 1, implying that Granite Construction Incorporated has had sufficient current assets to cover its short-term obligations. However, investors and stakeholders should continue to monitor the current ratio to assess the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024