Granite Construction Incorporated (GVA)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,015,230 | 977,298 | 953,016 | 967,682 | 975,664 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,015,230K)
= 0.00
Granite Construction Incorporated has consistently maintained a debt-to-capital ratio of 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly in its capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company relies more on equity financing rather than debt to fund its operations and growth. This may reflect a conservative financial strategy aimed at minimizing financial risk and maintaining financial stability. However, it is important to note that a low debt-to-capital ratio may also limit the company's growth opportunities compared to firms that leverage debt for expansion.
Peer comparison
Dec 31, 2024