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Granite Construction's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $18 Mil. Granite Construction's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $802 Mil. Granite Construction's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $932 Mil. Granite Construction's debt to equity for the quarter that ended in Jun. 2024 was 0.88.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Granite Construction's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Granite Construction was 0.88. The lowest was 0.24. And the median was 0.36.
The historical data trend for Granite Construction's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Granite Construction Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.37 | 0.39 | 0.39 | 0.36 | 0.75 |
Granite Construction Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.57 | 0.49 | 0.75 | 0.67 | 0.88 |
For the Engineering & Construction subindustry, Granite Construction's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Granite Construction's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Granite Construction's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Granite Construction's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (56.758 | + | 678.329) | / | 977.298 | |
= | 0.75 |
Granite Construction's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (17.765 | + | 802.431) | / | 931.657 | |
= | 0.88 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Granite Construction (NYSE:GVA) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Granite Construction's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Molly Campbell | director | 135 N. LOS ROBLES AVE 7TH FLR, PASADENA CA 91101 |
Michael G Tatusko | officer: Senior Vice President | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Bradley Jay Williams | officer: Senior Vice President | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Louis E Caldera | director | C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237 |
Kyle T Larkin | officer: Senior Vice President | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Staci M Woolsey | officer: Chief Accounting Officer | 4875 S FRANKLIN ST, CHERRY HILLS VILLAGE CO 80113 |
Laura M Mullen | director | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Brian R Dowd | officer: Senior Vice President | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Lisa Curtis | officer: CAO & VP, Investor Relations | 3200 SOUTHWEST FREEWAY, SUITE 2950, HOUSTON TX 77027 |
James A Radich | officer: Senior Vice President | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Desai Jigisha | officer: Senior Vice President & CFO | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
Claes Bjork | director | GRANITE CONSTRUCTION INCORPORATED, PO BOX 50085, WATSONVILLE CA 95077-5085 |
Patricia D Galloway | director | C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076 |
James Hildebrand Roberts | director, officer: Director, President & CEO | PO BOX 50085, WATSONVILLE CA 95077-5085 |
David H Kelsey | director | C/O OGLEBAY NORTON CO, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114-2598 |
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