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GVA (Granite Construction) Debt-to-Equity : 0.88 (As of Jun. 2024)


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What is Granite Construction Debt-to-Equity?

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:

GVA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24   Med: 0.36   Max: 0.88
Current: 0.88

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.

GVA's Debt-to-Equity is ranked worse than
72.02% of 1544 companies
in the Construction industry
Industry Median: 0.43 vs GVA: 0.88

Granite Construction Debt-to-Equity Historical Data

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.

* Premium members only.

Granite Construction Debt-to-Equity Chart

Granite Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.49 0.75 0.67 0.88

Competitive Comparison of Granite Construction's Debt-to-Equity

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.


Granite Construction's Debt-to-Equity Distribution in the Construction Industry

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.



Granite Construction Debt-to-Equity Calculation

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

Granite Construction's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Granite Construction Debt-to-Equity Related Terms

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.


Granite Construction Business Description

Traded in Other Exchanges
Address
585 West Beach Street, Watsonville, CA, USA, 95076
Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, bridges and other infrastructure projects. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's Construction operating segment, with the remainder derived from its Materials segment.
Executives
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