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 $654.7M, which brings its debt-to-equity ratio to 63.8%. Its total assets and total liabilities are $2.8B and $1.8B respectively. Granite Construction's EBIT is $56.2M making its interest coverage ratio 60.8. It has cash and short-term investments of $624.8M.
Key information
63.8%
Debt to equity ratio
US$654.71m
Debt
| Interest coverage ratio | 60.8x |
| Cash | US$624.76m |
| Equity | US$1.03b |
| Total liabilities | US$1.79b |
| Total assets | US$2.81b |
Recent financial health updates
Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly
Oct 11
Is Granite Construction (NYSE:GVA) Using Too Much Debt?
Jan 27Here's Why Granite Construction (NYSE:GVA) Has A Meaningful Debt Burden
Oct 07We Think Granite Construction (NYSE:GVA) Is Taking Some Risk With Its Debt
May 28We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Feb 23Recent updates
With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For
Apr 13Granite Construction: Expect Higher Margins And Tailwinds To Spur Stock
Jan 17Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 38% Undervaluation?
Dec 20Granite Construction (NYSE:GVA) Has Some Difficulty Using Its Capital Effectively
Nov 16Granite Construction: Cheap Multiples, Mid And Long-Term Economics Not Supportive
Oct 27Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly
Oct 11Granite Construction (NYSE:GVA) Is Due To Pay A Dividend Of $0.13
Sep 17Is Now The Time To Put Granite Construction (NYSE:GVA) On Your Watchlist?
Sep 05Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Aug 18Granite Construction: Good Long-Term Growth Prospects At Attractive Valuation
Aug 07Why Granite Construction Incorporated (NYSE:GVA) Could Be Worth Watching
Apr 27Here's Why We Think Granite Construction (NYSE:GVA) Might Deserve Your Attention Today
Apr 06Granite Construction Q4 2022 Earnings Preview
Feb 15Is Granite Construction (NYSE:GVA) Using Too Much Debt?
Jan 27Granite Construction's Outperformance Can Continue
Dec 27Granite Construction bags $174M contract for work on Los Angeles airport runways
Dec 20Granite Construction bags $14M traffic flow improvement project from Caltrans
Dec 06An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued
Dec 06Granite Construction gets $30M contract from US Dept of Homeland Security
Nov 03Granite bags $33M street improvement project in California
Oct 25Granite gets ~$11M construction award for a bikeway in California
Oct 11Here's Why Granite Construction (NYSE:GVA) Has A Meaningful Debt Burden
Oct 07Granite Construction: Recent Correction Is A Buying Opportunity
Oct 05Granite Construction (NYSE:GVA) Has Affirmed Its Dividend Of $0.13
Sep 19Granite gets ~$20M contract award to reconstruct a taxiway at the Tucson airport
Sep 13Catalyst: Granite Construction And $550 Billion In Infrastructure Spending
Aug 31Granite Construction gets $40M contract for improvements to SH 288
Jul 26What Is Granite Construction Incorporated's (NYSE:GVA) Share Price Doing?
Jul 21Granite bags $55M improvement contract for Alaskan Roadway
Jul 06Granite Construction (NYSE:GVA) Has Re-Affirmed Its Dividend Of US$0.13
Jun 28Granite Construction Is A Good Buy At The Current Levels
May 31We Think Granite Construction (NYSE:GVA) Is Taking Some Risk With Its Debt
May 28Estimating The Fair Value Of Granite Construction Incorporated (NYSE:GVA)
May 02Granite Construction (NYSE:GVA) Will Pay A Dividend Of US$0.13
Feb 27We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Feb 23Is Granite Construction Incorporated (NYSE:GVA) Trading At A 40% Discount?
Jan 21Shareholders Will Be Pleased With The Quality of Granite Construction's (NYSE:GVA) Earnings
Nov 04Financial Position Analysis
Short Term Liabilities: GVA's short term assets ($1.6B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: GVA's short term assets ($1.6B) exceed its long term liabilities ($756.7M).
Debt to Equity History and Analysis
Debt Level: GVA's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: GVA's debt to equity ratio has increased from 29.7% to 63.8% over the past 5 years.
Debt Coverage: GVA's debt is well covered by operating cash flow (28.1%).
Interest Coverage: GVA's interest payments on its debt are well covered by EBIT (60.8x coverage).