Granite Construction Balance Sheet Health
Financial Health criteria checks 5/6
Granite Construction has a total shareholder equity of $1.1B and total debt of $738.6M, which brings its debt-to-equity ratio to 69%. Its total assets and total liabilities are $3.1B and $2.1B respectively. Granite Construction's EBIT is $122.1M making its interest coverage ratio 31.9. It has cash and short-term investments of $616.5M.
Key information
69.0%
Debt to equity ratio
US$738.56m
Debt
| Interest coverage ratio | 31.9x |
| Cash | US$616.53m |
| Equity | US$1.07b |
| Total liabilities | US$2.06b |
| Total assets | US$3.13b |
Recent financial health updates
We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Sep 18
These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well
May 03Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly
Oct 11Is Granite Construction (NYSE:GVA) Using Too Much Debt?
Jan 27Recent updates
There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital
Dec 18Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?
Nov 22Granite Construction: Infrastructure Spending And An Upgraded Business Model
Nov 15The Strong Earnings Posted By Granite Construction (NYSE:GVA) Are A Good Indication Of The Strength Of The Business
Nov 07Granite Construction: Still Cruising Higher
Oct 28Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Oct 05We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Sep 18Investors Interested In Granite Construction Incorporated's (NYSE:GVA) Earnings
Sep 04Granite Construction (NYSE:GVA) Is Experiencing Growth In Returns On Capital
Aug 22Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 47% Undervaluation?
Jul 29Granite Construction (NYSE:GVA) Is Paying Out A Dividend Of $0.13
Jun 16At US$61.29, Is It Time To Put Granite Construction Incorporated (NYSE:GVA) On Your Watch List?
Jun 04These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well
May 03With 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 03Financial Position Analysis
Short Term Liabilities: GVA's short term assets ($1.8B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: GVA's short term assets ($1.8B) exceed its long term liabilities ($896.4M).
Debt to Equity History and Analysis
Debt Level: GVA's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: GVA's debt to equity ratio has increased from 32.4% to 69% over the past 5 years.
Debt Coverage: GVA's debt is well covered by operating cash flow (58.6%).
Interest Coverage: GVA's interest payments on its debt are well covered by EBIT (31.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:05 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Granite Construction Incorporated is covered by 28 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adam Thalhimer | BB&T Capital Markets |
| Avram Fisher | BMO Capital Markets U.S. (Historical) |
| Alexander Rygiel | B. Riley Securities, Inc. |