Granite Construction Incorporated (GVA)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,015,230K
= 0.00
The debt-to-equity ratio for Granite Construction Incorporated has consistently been 0.00 from December 31, 2020, to December 31, 2024. This suggests that the company has not used any debt financing during this period and has relied solely on equity to finance its operations and growth. A debt-to-equity ratio of 0.00 typically indicates a very conservative financial structure, with low financial risk associated with debt obligations. This indicates a strong financial position and stability for Granite Construction Incorporated, as it indicates a lower level of financial leverage and potential financial distress.
Peer comparison
Dec 31, 2024