GLDD (Great Lakes Dredge & Dock) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2024)

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What is Great Lakes Dredge & Dock LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Great Lakes Dredge & Dock's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.40.

Great Lakes Dredge & Dock's long-term debt to total assets ratio declined from Dec. 2023 (0.43) to Dec. 2024 (0.40). It may suggest that Great Lakes Dredge & Dock is progressively becoming less dependent on debt to grow their business.

Great Lakes Dredge & Dock LT-Debt-to-Total-Asset Historical Data

The historical data trend for Great Lakes Dredge & Dock's LT-Debt-to-Total-Asset 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.

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Great Lakes Dredge & Dock LT-Debt-to-Total-Asset Chart

Great Lakes Dredge & Dock Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.39

0.37

0.39

0.43

0.40

Great Lakes Dredge & Dock Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.40	0.41	0.40	0.40

Great Lakes Dredge & Dock LT-Debt-to-Total-Asset Calculation

Great Lakes Dredge & Dock's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	498.648	/	1255.103
	=	0.40

Great Lakes Dredge & Dock's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	498.648	/	1255.103
	=	0.40

Great Lakes Dredge & Dock (NAS:GLDD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Great Lakes Dredge & Dock LT-Debt-to-Total-Asset Related Terms

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Great Lakes Dredge & Dock Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Great Lakes Dredge & Dock Corp (NAS:GLDD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

5GL:Germany

Address

9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024

Website

https://www.gldd.com

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company is also fully engaged in expanding its core business into the offshore energy industry. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Company work generally is to performed in coastal waterways and deep water ports. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

Executives

Lawrence R Dickerson	director	15415 KATY FREEWAY STE 100, HOUSTON TX 77094
Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Kathleen M Shanahan	director	24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Lasse Petterson	director, officer: CEO & President	2103 RESEARCH FOREST DRIVE THE WOODLANDS TX 77380
Ryan Levenson	director	2396 DELLWOOD DRIVE, ATLANTA GA 30305
David E Simonelli	officer: Chief Operating Officer	C/O GREAT LAKES DREDGE & DOCK CORPORATIO 2122 YORK ROAD OAK BROOK IL 60523
Kathleen Mackie Lavoy	officer: SVP & Chief Legal Officer	C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523
D Michael Steuert	director	C/O FLUOR CORP, ONE ENTERPRISE DR, ALISO VIEJO CA 92656
Michael Joseph Walsh	director	C/O GREAT LAKES DREDGE & DOCK CORP 2122 YORK ROAD OAK BROOK IL 60523
Mark W. Marinko	officer: Chief Financial Officer	C/O GREAT LAKES DREDGE & DOCK CORP., 2122 YORK ROAD, SUITE 200, OAK BROOK IL 60523
Annette W Cyr	officer: Chief HR & Admin Officer	C/O BRIGHTPOINT., INC. 7635 INTERACTIVE WAY, SUITE 200 INDIANAPOLIS IN 46278
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
Robert B Uhler	director	C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD, SUITE 200 OAK BROOK IL 60523
Jason Weiss	director	C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388
Christopher P Shea	officer: President - E&I Division	C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523