Granite Accounts Payable vs Total Liab Analysis
GVA Stock | USD 62.98 0.65 1.04% |
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 Accounts Payable and its Total Liab 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 tightly coupled with the direction of predictive economic indicators such as signals in real.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Construction Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Granite Construction's Accounts Payable and Total Liab is 0.61. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab 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 Accounts Payable and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Granite Construction Incorporated are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., Granite Construction's Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Granite Construction obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Granite Construction are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 tightly coupled 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 |
Granite Construction fundamental ratios Correlations
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Granite Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 404.5M | 536.2M | 288.5M | 320.9M | 182.2M | |
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 | 705.8M | 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 | 42.2M | 177.2M | 37.4M | 224.3M | 235.6M | |
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 | 1.4M | 56.8M | 30.6M | |
Accounts Payable | 738.1M | 359.2M | 324.3M | 334.4M | 408.4M | 210.2M | |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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 tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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Is Granite Construction's industry 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 0.295 | Dividend Share 0.52 | Earnings Share 0.81 | Revenue Per Share 82.425 | Quarterly Revenue Growth 0.2 |
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.