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Granite Construction (Granite Construction) Total Current Assets : $1,418 Mil (As of Mar. 2024)


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What is Granite Construction Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Granite Construction's total current assets for the quarter that ended in Mar. 2024 was $1,418 Mil.


Granite Construction Total Current Assets Historical Data

The historical data trend for Granite Construction's Total Current Assets 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 Total Current Assets Chart

Granite Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,376.94 1,455.25 1,827.40 1,347.30 1,643.45

Granite Construction Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,246.24 1,491.19 1,695.05 1,643.45 1,418.11

Granite Construction Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Granite Construction's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Granite Construction's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

* 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.

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.


Granite Construction  (NYSE:GVA) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Granite Construction's Liquidation Value for the quarter that ended in Mar. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=506.237-1590.43+0.75 * 429.83+0.5 * 116.957
=-703

* 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.


Granite Construction Total Current Assets Related Terms

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Granite Construction (Granite Construction) Business Description

Traded in Other Exchanges
Address
585 West Beach Street, Watsonville, CA, USA, 95076
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