Granite Construction Incorporated (GVA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.6B | 1.81B | 1.98B | 1.69B | 1.5B | 1.72B | 1.81B | 1.71B | 1.42B | 1.64B | 1.7B | 1.49B | 1.25B | 1.35B | 1.58B | 1.59B | 1.59B | 1.83B | 1.67B | 1.57B |
| Cash & Short-Term Investments | 314.9M | 734.91M | 701.39M | 538.76M | 574.28M | 726.57M | 616.53M | 534.32M | 506.24M | 624.76M | 530.07M | 427.52M | 421.57M | 517.17M | 481.78M | 407.05M | 567.05M | 585.56M | 659.4M | 588.61M |
| Cash Only | 265.71M | 529.22M | 441.8M | 322.02M | 379.07M | 578.33M | 462.29M | 366.75M | 321.75M | 417.66M | 292.12M | 214.45M | 199.75M | 293.99M | 255.08M | 175.02M | 360.91M | 395.65M | 464.05M | 393.18M |
| Short-Term Investments | 49.19M | 205.69M | 259.59M | 216.74M | 195.21M | 148.24M | 154.24M | 167.57M | 184.49M | 207.1M | 237.95M | 213.07M | 221.82M | 223.18M | 226.7M | 232.03M | 206.14M | 189.91M | 195.35M | 195.43M |
| Accounts Receivable | 636.51M | 867.27M | 1.1B | 994.21M | 745.93M | 840.1M | 1.05B | 1.02B | 735.83M | 861.69M | 1.03B | 925.15M | 685.38M | 705.9M | 859.38M | 717.46M | 560.52M | 610.02M | 888.87M | 841.42M |
| Days Sales Outstanding | 74.16 | 77.55 | 67.12 | 70.32 | 102.02 | 89.18 | 74.77 | 73.74 | 108.12 | 92.97 | 80.34 | 81.55 | 111.79 | 91.48 | 71.89 | 68.47 | 80.56 | 219.7 | 74.94 | 81.87 |
| Inventory | 168.79M | 143.13M | 145.24M | 126.48M | 128.43M | 108.17M | 107.97M | 119.06M | 116.96M | 103.9M | 92.13M | 92.15M | 97.89M | 86.81M | 81.3M | 78.63M | 74.36M | 61.97M | 77.41M | 88.42M |
| Days Inventory Outstanding | 17.49 | 13.3 | 10.66 | 12.51 | 17.29 | 12.03 | 9.74 | 11.7 | 16.26 | 10.74 | 8.92 | 10.87 | 15.75 | 11.12 | 8.23 | 9.26 | 10.33 | 20.78 | 8.1 | 10.81 |
| Other Current Assets | 484.5M | 66.92M | 36.02M | 32.16M | 50.65M | 182.75M | 34.93M | 34.17M | 59.08M | 53.1M | 47.48M | 46.38M | 41.4M | 37.41M | 157.23M | 390.13M | 390.8M | 569.85M | 39.75M | 47.98M |
| Total Non-Current Assets | 2.17B | 2.22B | 2.17B | 1.41B | 1.41B | 1.31B | 1.32B | 1.18B | 1.18B | 1.17B | 885.27M | 885.38M | 831.15M | 820.64M | 828.27M | 698.06M | 689.41M | 667.53M | 896.32M | 912.46M |
| Property, Plant & Equipment | 1.39B | 1.41B | 1.35B | 813.78M | 816.97M | 805.98M | 805.98M | 749.25M | 745.1M | 741.04M | 626.6M | 617.59M | 575.34M | 558.29M | 550.42M | 510M | 499.17M | 482.82M | 568.88M | 576.36M |
| Fixed Asset Turnover | 0.65x | 0.84x | 1.32x | 1.38x | 0.86x | 1.21x | 1.64x | 1.45x | 0.90x | 1.37x | 1.80x | 1.51x | 0.99x | 1.42x | 1.90x | 1.68x | 1.33x | 0.60x | 1.85x | 1.44x |
| Goodwill | 400.54M | 400.81M | 391.66M | 215.16M | 214.3M | 214.47M | 211.62M | 146.77M | 160.84M | 155M | 74.26M | 78.6M | 73.7M | 73.7M | 73.7M | 53.72M | 53.72M | 53.72M | 116.79M | 116.84M |
| Intangible Assets | 174.5M | 179.55M | 181.04M | 123.33M | 125.48M | 127.89M | 131.58M | 107.58M | 113.2M | 117.32M | 0 | 0 | 0 | 9.21M | 0 | 0 | 0 | 9.5M | 0 | 0 |
| Long-Term Investments | 97.98M | 146.3M | 163.95M | 193.16M | 183.96M | 94.03M | 94.92M | 93.5M | 92.68M | 92.91M | 96.85M | 98.19M | 99.91M | 107.29M | 100.24M | 44.88M | 44.76M | 38.97M | 83.02M | 86.47M |
| Other Non-Current Assets | 109.98M | 78M | 76.6M | 68.93M | 67.1M | 66.64M | 67.73M | 58.12M | 57M | 55.63M | 58.52M | 59.71M | 60.12M | 49.93M | 58.27M | 64.01M | 65.89M | 58.39M | 86.41M | 91.7M |
| Total Assets | 3.78B | 4.03B | 4.15B | 3.11B | 2.91B | 3.03B | 3.13B | 2.88B | 2.6B | 2.81B | 2.58B | 2.38B | 2.08B | 2.17B | 2.41B | 2.29B | 2.28B | 2.49B | 2.56B | 2.48B |
| Asset Turnover | 0.23x | 0.29x | 0.40x | 0.37x | 0.24x | 0.32x | 0.42x | 0.40x | 0.25x | 0.35x | 0.45x | 0.40x | 0.26x | 0.34x | 0.43x | 0.37x | 0.27x | 0.12x | 0.42x | 0.34x |
| Asset Growth % | 30.01% | 33.21% | 32.4% | 7.8% | 12.03% | 7.54% | 21.34% | 21.24% | 24.92% | 29.78% | 7.16% | 3.72% | -8.97% | -13.11% | -6% | -7.57% | -3.86% | 4.83% | 2.95% | -1.19% |
| Total Current Liabilities | 1.48B | 1.48B | 1.63B | 1.08B | 953.64M | 1.03B | 1.16B | 1.02B | 936.43M | 1.03B | 1.06B | 867.23M | 723.37M | 797.59M | 1.04B | 994.25M | 939.25M | 1.07B | 1.1B | 1.05B |
| Accounts Payable | 430.31M | 430.3M | 527.63M | 441.42M | 375.39M | 407.22M | 509.98M | 450.66M | 347.38M | 408.36M | 477.03M | 382.46M | 295.13M | 334.39M | 398.29M | 331.73M | 285.39M | 324.31M | 397.15M | 379.01M |
| Days Payables Outstanding | 48.25 | 44.17 | 38 | 40.1 | 57.2 | 51.04 | 41.2 | 39.56 | 55.64 | 48.52 | 41.61 | 38.76 | 53.68 | 48.45 | 37.57 | 37.35 | 46.21 | 107.58 | 37.89 | 42.37 |
| Short-Term Debt | 379.79M | 375.9M | 371.99M | 7.34M | 1.12M | 1.11M | 1.1M | 1.51M | 39.99M | 39.93M | 1.48M | 1.47M | 1.46M | 1.45M | 1.44M | 1.43M | 8.73M | 8.73M | 8.72M | 8.71M |
| Deferred Revenue (Current) | 0 | 0 | 327.24M | 300.8M | 0 | 0 | 292.64M | 262.2M | 223.96M | 243.85M | 0 | 153.18M | 141.7M | 173.29M | 170.52M | 159.54M | 142.06M | 200.04M | 166.09M | 147.07M |
| Other Current Liabilities | 668.74M | 327.37M | 232.24M | 154.08M | 391.53M | 603.46M | 226.35M | 126.01M | 238.73M | 166.21M | 375.19M | 153.49M | 110.69M | 112.69M | 176.23M | 187.88M | 189.79M | 219.49M | 29.18M | 27.78M |
| Current Ratio | 1.09x | 1.22x | 1.21x | 1.57x | 1.57x | 1.66x | 1.56x | 1.68x | 1.51x | 1.60x | 1.60x | 1.72x | 1.72x | 1.69x | 1.52x | 1.60x | 1.70x | 1.71x | 1.51x | 1.49x |
| Quick Ratio | 0.97x | 1.13x | 1.12x | 1.45x | 1.44x | 1.56x | 1.46x | 1.56x | 1.39x | 1.49x | 1.52x | 1.61x | 1.59x | 1.58x | 1.44x | 1.52x | 1.62x | 1.65x | 1.44x | 1.41x |
| Cash Conversion Cycle | 43.4 | 46.68 | 39.77 | 42.73 | 62.12 | 50.17 | 43.31 | 45.88 | 68.74 | 55.19 | 47.65 | 53.67 | 73.85 | 54.15 | 42.56 | 40.38 | 44.68 | 132.9 | 45.14 | 50.31 |
| Total Non-Current Liabilities | 1.22B | 1.33B | 1.31B | 915.49M | 915.16M | 914.33M | 896.42M | 877.55M | 654M | 756.69M | 517.27M | 567.89M | 381.61M | 385.19M | 380.24M | 379.85M | 385.72M | 430.05M | 439.05M | 442.37M |
| Long-Term Debt | 983.94M | 963.23M | 966.35M | 733.04M | 738.6M | 737.94M | 737.46M | 737.44M | 513.2M | 614.78M | 403.79M | 458.69M | 287M | 286.93M | 286.87M | 286.8M | 290.55M | 331.19M | 331.19M | 331.22M |
| Capital Lease Obligations | 0 | 125.73M | 125.92M | 81.47M | 77.73M | 73.64M | 70.98M | 65M | 65.11M | 63.55M | 42.2M | 38.4M | 27.93M | 32.17M | 32.7M | 31.18M | 32.68M | 32.93M | 39.91M | 41.82M |
| Deferred Tax Liabilities | 143.46M | 141.49M | 118.16M | 14.49M | 13.79M | 13.87M | 3.42M | 3.27M | 3.64M | 3.71M | 3.81M | 4.57M | 1.68M | 1.89M | 0 | 0 | 0 | 1.86M | 3.17M | 3.17M |
| Other Non-Current Liabilities | 92.36M | 96.66M | 95.64M | 86.49M | 85.04M | 88.88M | 84.56M | 71.85M | 72.04M | 74.65M | 67.47M | 66.23M | 65M | 64.2M | 60.66M | 61.87M | 62.49M | 64.07M | 64.78M | 66.17M |
| Total Liabilities | 2.7B | 2.81B | 2.94B | 1.99B | 1.87B | 1.95B | 2.06B | 1.89B | 1.59B | 1.79B | 1.57B | 1.44B | 1.1B | 1.18B | 1.42B | 1.37B | 1.32B | 1.5B | 1.54B | 1.49B |
| Total Debt | 1.36B | 1.46B | 1.5B | 844.4M | 838.5M | 832.85M | 828.15M | 820.2M | 634.57M | 735.09M | 464.55M | 516.04M | 333.94M | 339.21M | 321.01M | 319.41M | 331.97M | 372.85M | 379.82M | 381.75M |
| Net Debt | 1.1B | 935.64M | 1.05B | 522.38M | 459.43M | 254.52M | 365.86M | 453.45M | 312.82M | 317.42M | 172.42M | 301.59M | 134.19M | 45.22M | 65.93M | 144.39M | -28.95M | -22.8M | -84.23M | -11.43M |
| Debt / Equity | 1.26x | 1.20x | 1.24x | 0.76x | 0.81x | 0.77x | 0.77x | 0.83x | 0.63x | 0.72x | 0.46x | 0.55x | 0.34x | 0.34x | 0.33x | 0.35x | 0.35x | 0.37x | 0.37x | 0.39x |
| Debt / EBITDA | 118.36x | 13.24x | 7.80x | 6.09x | - | 8.80x | 6.00x | 7.12x | - | 15.39x | 4.76x | 10.19x | - | 11.60x | 3.82x | 7.04x | 322.92x | 146.79x | 5.28x | 6.05x |
| Net Debt / EBITDA | 95.30x | 8.46x | 5.50x | 3.76x | - | 2.69x | 2.65x | 3.94x | - | 6.64x | 1.77x | 5.95x | - | 1.55x | 0.78x | 3.18x | -28.16x | -8.98x | -1.17x | -0.18x |
| Interest Coverage | -1.90x | 3.35x | 12.04x | 14.57x | -4.17x | 9.41x | 14.85x | 12.16x | -3.82x | 5.57x | 17.39x | -2.59x | -11.19x | 7.32x | 23.82x | 8.24x | -4.23x | -7.07x | 9.05x | 7.15x |
| Total Equity | 1.08B | 1.22B | 1.2B | 1.11B | 1.04B | 1.08B | 1.07B | 987.41M | 1B | 1.03B | 1.01B | 941.45M | 972.41M | 985.14M | 986.74M | 917.24M | 957.16M | 995.56M | 1.02B | 988.24M |
| Equity Growth % | 4.12% | 13.17% | 12.65% | 12.86% | 3.35% | 5.1% | 6.27% | 4.88% | 3.31% | 4.25% | 2.01% | 2.64% | 1.59% | -1.05% | -3.48% | -7.19% | 2.79% | 0.4% | 3.37% | -9.4% |
| Book Value per Share | 24.83 | 22.82 | 22.75 | 21.18 | 23.89 | 20.38 | 20.43 | 18.73 | 22.84 | 19.16 | 18.78 | 21.45 | 22.22 | 19.14 | 19.03 | 20.60 | 20.93 | 20.81 | 21.34 | 20.68 |
| Total Shareholders' Equity | 1.03B | 1.18B | 1.16B | 1.06B | 993.53M | 1.02B | 1.01B | 931.66M | 946.46M | 977.3M | 955.35M | 901.54M | 925.46M | 953.02M | 951.12M | 883.92M | 919.84M | 967.68M | 985.18M | 955.38M |
| Common Stock | 437K | 435K | 437K | 438K | 437K | 434K | 437K | 437K | 441K | 439K | 439K | 439K | 439K | 437K | 437K | 441K | 454K | 458K | 458K | 458K |
| Retained Earnings | 727.19M | 774.64M | 728.33M | 631.16M | 565.22M | 604.63M | 568.88M | 495.68M | 465.05M | 501.84M | 481.64M | 429.8M | 452.58M | 481.38M | 481.49M | 413.93M | 402.55M | 410.83M | 430.07M | 401.06M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3M | 1.58M | 868K | 997K | 65K | -582K | 437K | 270K | 1.29M | 881K | 894K | 795K | 653K | 788K | 535K | 2.39M | 1.57M | -3.36M | -3.47M | -2.75M |
| Minority Interest | 48.92M | 42.48M | 49.2M | 51.61M | 44.76M | 64.14M | 62.59M | 55.76M | 58.15M | 49.67M | 51.23M | 39.91M | 46.95M | 32.13M | 35.62M | 33.32M | 37.32M | 27.88M | 37.17M | 32.86M |