Granite Construction (Granite Construction) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Granite Construction 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. Granite Construction's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Granite Construction's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.22). It may suggest that Granite Construction is progressively becoming more dependent on debt to grow their business.

Granite Construction LT-Debt-to-Total-Asset Historical Data

The historical data trend for Granite Construction'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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Granite Construction LT-Debt-to-Total-Asset Chart

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.16

0.15

0.24

Granite Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.21	0.17	0.24	0.22

Granite Construction LT-Debt-to-Total-Asset Calculation

Granite Construction'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 )
	=	678.329	/	2813.54
	=	0.24

Granite Construction's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	578.318	/	2595.035
	=	0.22

Granite Construction (NYSE:GVA) 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.

Granite Construction LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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