Granite Retained Earnings vs Long Term Debt Analysis

GVA Stock

USD 98.21 0.96 0.99%

Granite Construction financial indicator trend analysis is much more than just examining Granite Construction latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Construction is a good investment. Please check the relationship between Granite Construction Retained Earnings and its Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Construction Retained Earnings account and Long Term Debt. At this time, the significance of the direction appears to have no relationship.

The correlation between Granite Construction's Retained Earnings and Long Term Debt is 0.0. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Granite Construction Incorporated, assuming nothing else is changed. The correlation between historical values of Granite Construction's Retained Earnings and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Granite Construction Incorporated are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Retained Earnings i.e., Granite Construction's Retained Earnings and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Long Term Debt

Long-term debt is a debt that Granite Construction has held for over one year. Long-term debt appears on Granite Construction Incorporated balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Granite Construction Incorporated balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Granite Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Construction current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

At present, Granite Construction's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.09, whereas Selling General Administrative is forecasted to decline to about 199.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	305.6M	369.5M	396.4M	263.2M
Total Revenue	3.0B	3.3B	3.5B	2.1B

Gross Profit Total Revenue

Granite Construction fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.5	0.62	0.76	0.9	0.94	0.19	0.34	0.67	0.42	0.61	0.82	0.67	0.81	0.55	0.73	0.55	0.09	0.71	0.33	0.97	0.33	0.72	0.93	0.13	0.89
Short Long Term Debt Total	0.5		0.3	0.81	0.31	0.58	0.85	-0.01	0.81	0.73	0.22	0.15	0.85	0.68	0.99	0.86	0.33	0.03	0.91	0.97	0.45	0.12	0.37	0.76	-0.44	0.64
Other Current Liab	0.62	0.3		0.65	0.42	0.44	-0.09	-0.13	0.64	0.47	0.06	0.62	0.45	0.59	0.35	0.32	0.75	0.15	0.53	0.15	0.76	-0.31	0.17	0.6	0.25	0.6
Total Current Liabilities	0.76	0.81	0.65		0.55	0.71	0.48	-0.03	0.89	0.58	0.44	0.5	0.88	0.85	0.84	0.83	0.68	-0.05	0.98	0.69	0.79	0.22	0.62	0.9	-0.22	0.88
Total Stockholder Equity	0.9	0.31	0.42	0.55		0.82	0.06	0.64	0.47	0.37	0.72	0.89	0.56	0.58	0.36	0.66	0.29	0.1	0.5	0.13	0.84	0.34	0.6	0.79	0.4	0.84
Property Plant And Equipment Net	0.94	0.58	0.44	0.71	0.82		0.3	0.34	0.7	0.47	0.55	0.71	0.65	0.8	0.63	0.79	0.44	0.19	0.72	0.45	0.85	0.35	0.72	0.9	-0.03	0.81
Net Debt	0.19	0.85	-0.09	0.48	0.06	0.3		-0.07	0.39	0.51	0.1	-0.24	0.69	0.44	0.81	0.65	-0.06	-0.18	0.64	0.91	0.1	0.2	0.25	0.48	-0.52	0.32
Retained Earnings	0.34	-0.01	-0.13	-0.03	0.64	0.34	-0.07		0.05	0.24	0.34	0.61	0.14	-0.07	0.0	0.27	-0.33	0.22	-0.01	-0.06	0.27	0.07	0.04	0.18	0.63	0.25
Cash	0.67	0.81	0.64	0.89	0.47	0.7	0.39	0.05		0.72	0.28	0.52	0.73	0.72	0.85	0.79	0.64	0.26	0.9	0.69	0.69	-0.02	0.38	0.81	-0.2	0.78
Non Current Assets Total	0.42	0.73	0.47	0.58	0.37	0.47	0.51	0.24	0.72		-0.04	0.38	0.72	0.52	0.72	0.68	0.1	0.35	0.63	0.7	0.42	-0.46	-0.12	0.6	0.15	0.53
Non Currrent Assets Other	0.61	0.22	0.06	0.44	0.72	0.55	0.1	0.34	0.28	-0.04		0.51	0.39	0.36	0.24	0.49	0.32	-0.37	0.41	0.08	0.51	0.75	0.76	0.58	0.0	0.68
Cash And Short Term Investments	0.82	0.15	0.62	0.5	0.89	0.71	-0.24	0.61	0.52	0.38	0.51		0.41	0.49	0.21	0.49	0.4	0.22	0.4	-0.04	0.84	0.05	0.4	0.64	0.59	0.73
Net Receivables	0.67	0.85	0.45	0.88	0.56	0.65	0.69	0.14	0.73	0.72	0.39	0.41		0.84	0.85	0.89	0.29	-0.15	0.9	0.79	0.66	0.15	0.48	0.86	-0.09	0.8
Common Stock Shares Outstanding	0.81	0.68	0.59	0.85	0.58	0.8	0.44	-0.07	0.72	0.52	0.36	0.49	0.84		0.72	0.79	0.49	-0.04	0.83	0.58	0.8	0.21	0.65	0.89	-0.16	0.81
Non Current Liabilities Total	0.55	0.99	0.35	0.84	0.36	0.63	0.81	0.0	0.85	0.72	0.24	0.21	0.85	0.72		0.89	0.37	0.08	0.94	0.94	0.51	0.13	0.42	0.8	-0.42	0.69
Inventory	0.73	0.86	0.32	0.83	0.66	0.79	0.65	0.27	0.79	0.68	0.49	0.49	0.89	0.79	0.89		0.27	0.07	0.89	0.76	0.64	0.29	0.58	0.88	-0.16	0.86
Other Current Assets	0.55	0.33	0.75	0.68	0.29	0.44	-0.06	-0.33	0.64	0.1	0.32	0.4	0.29	0.49	0.37	0.27		0.04	0.59	0.17	0.65	0.17	0.49	0.56	-0.25	0.58
Other Stockholder Equity	0.09	0.03	0.15	-0.05	0.1	0.19	-0.18	0.22	0.26	0.35	-0.37	0.22	-0.15	-0.04	0.08	0.07	0.04		-0.02	-0.02	0.09	-0.45	-0.31	0.03	0.14	0.03
Total Liab	0.71	0.91	0.53	0.98	0.5	0.72	0.64	-0.01	0.9	0.63	0.41	0.4	0.9	0.83	0.94	0.89	0.59	-0.02		0.81	0.71	0.24	0.6	0.9	-0.33	0.85
Property Plant And Equipment Gross	0.33	0.97	0.15	0.69	0.13	0.45	0.91	-0.06	0.69	0.7	0.08	-0.04	0.79	0.58	0.94	0.76	0.17	-0.02	0.81		0.28	0.06	0.25	0.61	-0.5	0.46
Total Current Assets	0.97	0.45	0.76	0.79	0.84	0.85	0.1	0.27	0.69	0.42	0.51	0.84	0.66	0.8	0.51	0.64	0.65	0.09	0.71	0.28		0.21	0.64	0.89	0.19	0.86
Short Term Debt	0.33	0.12	-0.31	0.22	0.34	0.35	0.2	0.07	-0.02	-0.46	0.75	0.05	0.15	0.21	0.13	0.29	0.17	-0.45	0.24	0.06	0.21		0.85	0.3	-0.42	0.32
Accounts Payable	0.72	0.37	0.17	0.62	0.6	0.72	0.25	0.04	0.38	-0.12	0.76	0.4	0.48	0.65	0.42	0.58	0.49	-0.31	0.6	0.25	0.64	0.85		0.69	-0.33	0.67
Common Stock Total Equity	0.93	0.76	0.6	0.9	0.79	0.9	0.48	0.18	0.81	0.6	0.58	0.64	0.86	0.89	0.8	0.88	0.56	0.03	0.9	0.61	0.89	0.3	0.69		-0.08	0.94
Short Term Investments	0.13	-0.44	0.25	-0.22	0.4	-0.03	-0.52	0.63	-0.2	0.15	0.0	0.59	-0.09	-0.16	-0.42	-0.16	-0.25	0.14	-0.33	-0.5	0.19	-0.42	-0.33	-0.08		0.05
Common Stock	0.89	0.64	0.6	0.88	0.84	0.81	0.32	0.25	0.78	0.53	0.68	0.73	0.8	0.81	0.69	0.86	0.58	0.03	0.85	0.46	0.86	0.32	0.67	0.94	0.05

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Granite Construction Account Relationship Matchups

Granite Construction fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.4B	2.5B	2.2B	2.8B	1.4B
Short Long Term Debt Total	364.4M	385.6M	372.8M	320.6M	735.1M	771.8M
Other Current Liab	95.7M	450.7M	536.2M	269.8M	320.9M	183.0M
Total Current Liabilities	842.1M	943.3M	1.1B	797.6M	1.0B	1.1B
Total Stockholder Equity	1.1B	975.7M	967.7M	953.0M	977.3M	648.2M
Property Plant And Equipment Net	614.8M	589.3M	482.8M	558.3M	741.0M	387.4M
Net Debt	102.1M	(50.6M)	(22.8M)	26.6M	317.4M	333.3M
Retained Earnings	594.4M	424.8M	410.8M	481.4M	501.8M	490.5M
Cash	262.3M	436.1M	395.6M	294.0M	417.7M	438.5M
Non Current Assets Total	50.2M	924.8M	667.5M	820.6M	1.2B	1.2B
Non Currrent Assets Other	179.2M	96.4M	67.9M	59.1M	55.6M	68.3M
Cash And Short Term Investments	483.2M	624.9M	585.6M	517.2M	453.5M	313.3M
Net Receivables	547.4M	518.3M	610.0M	705.9M	861.7M	904.8M
Common Stock Shares Outstanding	45.5M	45.6M	47.6M	52.3M	52.6M	44.8M
Liabilities And Stockholders Equity	2.5B	2.4B	2.5B	2.2B	2.8B	1.4B
Non Current Liabilities Total	423.0M	445.1M	430.0M	385.2M	756.7M	794.5M
Inventory	88.9M	82.4M	62.0M	86.8M	103.9M	109.1M
Other Current Assets	257.5M	449.2M	569.9M	37.4M	224.3M	122.1M
Other Stockholder Equity	(2.6M)	555.4M	559.8M	470.4M	474.1M	331.9M
Total Liab	1.4B	1.4B	1.5B	1.2B	1.8B	1.9B
Total Current Assets	1.4B	1.5B	1.8B	1.3B	1.6B	860.9M
Accumulated Other Comprehensive Income	(3M)	(5.0M)	(3.4M)	788K	881K	925.1K
Short Term Debt	356.1M	8.3M	8.7M	20.1M	56.8M	31.2M
Accounts Payable	738.1M	321.3M	324.3M	334.4M	408.4M	209.1M
Short Term Investments	27.8M	188.8M	189.9M	223.2M	35.9M	34.1M
Common Stock	456K	457K	458K	437K	439K	443.1K
Other Liab	66.9M	67.8M	65.9M	66.1M	76.0M	50.4M
Other Assets	156.9M	290.8M	92.0M	81.4M	(74.1M)	(70.4M)
Long Term Debt	356.1M	330.5M	331.2M	286.9M	614.8M	645.5M
Property Plant Equipment	542.3M	589.3M	482.8M	509.2M	585.6M	481.6M
Good Will	264.3M	116.8M	53.7M	73.7M	155.0M	162.8M
Intangible Assets	47.1M	33.0M	9.5M	9.1M	117.3M	123.2M
Net Tangible Assets	935.8M	858.9M	914.0M	911.5M	1.0B	935.0M

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When determining whether Granite Construction offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Granite Construction's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Granite Construction Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Granite Construction Incorporated Stock:

How To Invest In Granite

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Is Granite Stock a good investment?

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What is Granite Construction's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Construction. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Construction listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.38

Dividend Share

0.52

Earnings Share

2.36

Revenue Per Share

90.257

Quarterly Revenue Growth

0.142

The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Granite Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Granite Retained Earnings vs Long Term Debt Analysis

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Long Term Debt

Granite Construction fundamental ratios Correlations

Granite Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Construction fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.97	Total Assets
Property Plant And Equipment Gross	+ 0.97	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.94	Total Assets
Total Liab	+ 0.94	Non Current Liabilities Total

Short Term Investments	- 0.52	Net Debt
Short Term Investments	- 0.5	Property Plant And Equipment Gross
Short Term Debt	- 0.46	Non Current Assets Total
Short Term Debt	- 0.45	Other Stockholder Equity
Short Term Investments	- 0.44	Short Long Term Debt Total
Short Term Investments	- 0.42	Short Term Debt