Granite Construction Incorporated (GVA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,025,660 | 2,813,540 | 2,167,930 | 2,494,930 | 2,380,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,025,660K
= 0.00
Granite Construction Incorporated has consistently maintained a debt-to-assets ratio of 0.00 throughout the years 2020 to 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 reflects a lower financial risk as it suggests that the company's assets are primarily financed through equity rather than debt. This can be seen as a positive indicator of the company's financial stability and the ability to maintain a strong balance sheet with a low reliance on debt.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Granite Construction Incorporated
GVA
0.00
Fluor Corporation
FLR
0.00
Jacobs Solutions Inc.
J
0.11
KBR Inc
KBR
0.38