Granite Construction (Granite Construction) Cash And Cash Equivalents : $322 Mil (As of Mar. 2024)

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What is Granite Construction Cash And Cash Equivalents?

Granite Construction's quarterly cash and cash equivalents increased from Sep. 2023 ($292.12 Mil) to Dec. 2023 ($417.66 Mil) but then stayed the same from Dec. 2023 ($417.66 Mil) to Mar. 2024 ($321.75 Mil).

Granite Construction's annual cash and cash equivalents declined from Dec. 2021 ($395.65 Mil) to Dec. 2022 ($293.99 Mil) but then increased from Dec. 2022 ($293.99 Mil) to Dec. 2023 ($417.66 Mil).

Granite Construction Cash And Cash Equivalents Historical Data

The historical data trend for Granite Construction's Cash And Cash Equivalents 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.

* Premium members only.

Granite Construction Cash And Cash Equivalents Chart

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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262.27

425.29

395.65

293.99

417.66

Granite Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															199.75	214.45	292.12	417.66	321.75

Granite Construction Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Granite Construction (NYSE:GVA) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Granite Construction Cash And Cash Equivalents Related Terms

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Granite Construction (Granite Construction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Granite Construction Inc (NYSE:GVA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GRG:Germany

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

Executives

Bradley Jay Williams	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Kyle T Larkin	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Staci M Woolsey	officer: Chief Accounting Officer	4875 S FRANKLIN ST, CHERRY HILLS VILLAGE CO 80113
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
Laura M Mullen	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Brian R Dowd	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Lisa Curtis	officer: CAO & VP, Investor Relations	3200 SOUTHWEST FREEWAY, SUITE 2950, HOUSTON TX 77027
James A Radich	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Michael G Tatusko	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Desai Jigisha	officer: Senior Vice President & CFO	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Claes Bjork	director	GRANITE CONSTRUCTION INCORPORATED, PO BOX 50085, WATSONVILLE CA 95077-5085
Patricia D Galloway	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
James Hildebrand Roberts	director, officer: Director, President & CEO	PO BOX 50085, WATSONVILLE CA 95077-5085
David H Kelsey	director	C/O OGLEBAY NORTON CO, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114-2598
Molly Campbell	director	135 N. LOS ROBLES AVE 7TH FLR, PASADENA CA 91101