Granite Construction Balance Sheet Health
Financial Health criteria checks 5/6
Granite Construction has a total shareholder equity of $1.0B and total debt of $553.2M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are $2.6B and $1.6B respectively. Granite Construction's EBIT is $56.8M making its interest coverage ratio 17.9. It has cash and short-term investments of $506.2M.
Key information
55.1%
Debt to equity ratio
US$553.19m
Debt
Interest coverage ratio | 17.9x |
Cash | US$506.24m |
Equity | US$1.00b |
Total liabilities | US$1.59b |
Total assets | US$2.60b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRG's short term assets ($1.4B) exceed its short term liabilities ($936.4M).
Long Term Liabilities: GRG's short term assets ($1.4B) exceed its long term liabilities ($654.0M).
Debt to Equity History and Analysis
Debt Level: GRG's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: GRG's debt to equity ratio has increased from 28.1% to 55.1% over the past 5 years.
Debt Coverage: GRG's debt is well covered by operating cash flow (51.4%).
Interest Coverage: GRG's interest payments on its debt are well covered by EBIT (17.9x coverage).