Granite Construction Incorporated (GVA)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,015,230 | 1,007,090 | 931,657 | 946,458 | 977,298 | 955,348 | 901,542 | 925,457 | 953,016 | 951,123 | 883,919 | 919,839 | 967,682 | 985,185 | 955,384 | 903,540 | 975,664 | 971,606 | 1,067,720 | 1,067,750 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Granite Construction Incorporated has consistently maintained a debt-to-equity ratio of 0.00 across all the reported periods from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity, implying that the company is primarily financed through equity rather than debt. This can be seen as a positive sign of financial stability and lower financial risk, as the company is not relying heavily on borrowing to finance its operations. However, it is essential to note that a very low debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth. Overall, Granite Construction Incorporated's consistent 0.00 debt-to-equity ratio suggests a conservative financial approach in terms of capital structure.
Peer comparison
Dec 31, 2024