GRBK (Green Brick Partners) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Green Brick Partners 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. Green Brick Partners's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Green Brick Partners's long-term debt to total assets ratio declined from Sep. 2023 (0.19) to Sep. 2024 (0.14). It may suggest that Green Brick Partners is progressively becoming less dependent on debt to grow their business.

Green Brick Partners LT-Debt-to-Total-Asset Historical Data

The historical data trend for Green Brick Partners'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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Green Brick Partners LT-Debt-to-Total-Asset Chart

Green Brick Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.12

0.24

0.21

0.19

Green Brick Partners Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.19	0.16	0.16	0.14

Green Brick Partners LT-Debt-to-Total-Asset Calculation

Green Brick Partners's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	357.086	/	1902.832
	=	0.19

Green Brick Partners's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	307.594	/	2172.07
	=	0.14

Green Brick Partners (NYSE:GRBK) 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.

Green Brick Partners LT-Debt-to-Total-Asset Related Terms

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Green Brick Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Green Brick Partners Inc (NYSE:GRBK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2G1:Germany 2G1:Germany

Address

5501 Headquarters Drive, Suite 300 W, Plano, TX, USA, 75024

Website

https://www.greenbrickpartners.com

Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of the company's revenue is generated from the builder operations central segment which is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgage and title, through its subsidiaries.

Executives

Richard S Press	director	101 BOGLE STREET, WESTON MA 02493
David Einhorn	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
James R. Brickman	director, officer: Chief Executive Officer	3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205
Kathleen Olsen	director	4 BROOKSIDE DRIVE, PORT WASHINGTON NY 11050
Richard Arthur Costello	officer: Chief Financial Officer	2805 DALLAS PARKWAY, SUITE 400, PLANO TX 75093
Jed Dolson	officer: See Remarks	3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205
Dme Capital Management, Lp	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors Gp, L.l.c.	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors, Lp	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Greenlight Capital Inc	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Elizabeth Blake	director	BIOFUEL ENERGY CORP., 1600 BROADWAY SUITE 2200, DENVER CO 80202
Harry Brandler	director	2 GRAND CENTRAL TOWER, 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Neal J Suit	officer: General Counsel & EVP	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Lila A Murphy	director	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
John R Farris	director	P.O. BOX 309, FRANKFORT KY 40602-0309