Granite Accounts Payable vs Short Term Debt Analysis

GVA Stock

USD 57.55 2.56 4.66%

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 Short 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 tightly coupled with the direction of predictive economic indicators such as signals in real.

Accounts Payable vs Short Term Debt

Accounts Payable vs Short Term Debt 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 Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Granite Construction's Accounts Payable and Short Term Debt is 0.82. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short 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 Accounts Payable and Short 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 Accounts Payable of Granite Construction Incorporated are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Accounts Payable i.e., Granite Construction's Accounts Payable and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Short Term Debt

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

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	0.63	0.76	0.9	0.94	0.19	0.34	0.67	0.42	0.61	0.82	0.7	0.81	0.55	0.73	0.44	0.08	0.71	0.33	0.97	0.33	0.73	0.93	0.13	0.89
Short Long Term Debt Total	0.5		0.31	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	0.74	0.05	0.91	0.97	0.45	0.12	0.37	0.76	-0.44	0.64
Other Current Liab	0.63	0.31		0.65	0.43	0.44	-0.08	-0.11	0.62	0.47	0.04	0.62	0.55	0.62	0.35	0.33	0.09	0.15	0.53	0.15	0.77	-0.32	0.19	0.6	0.26	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	0.91	0.85	0.84	0.83	0.7	-0.03	0.98	0.69	0.79	0.21	0.63	0.9	-0.22	0.88
Total Stockholder Equity	0.9	0.31	0.43	0.55		0.82	0.06	0.64	0.47	0.37	0.72	0.89	0.57	0.58	0.36	0.66	0.24	0.09	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	0.68	0.8	0.63	0.79	0.48	0.19	0.72	0.45	0.85	0.34	0.73	0.9	-0.03	0.81
Net Debt	0.19	0.85	-0.08	0.48	0.06	0.3		-0.07	0.39	0.51	0.1	-0.24	0.62	0.44	0.81	0.65	0.66	-0.16	0.64	0.91	0.1	0.2	0.23	0.48	-0.52	0.32
Retained Earnings	0.34	-0.01	-0.11	-0.03	0.64	0.34	-0.07		0.05	0.24	0.34	0.61	0.09	-0.07	0.0	0.27	-0.11	0.21	-0.01	-0.06	0.27	0.08	0.03	0.18	0.63	0.25
Cash	0.67	0.81	0.62	0.89	0.47	0.7	0.39	0.05		0.72	0.28	0.52	0.8	0.72	0.85	0.79	0.57	0.28	0.9	0.69	0.69	-0.02	0.4	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	0.74	0.52	0.72	0.68	0.15	0.36	0.63	0.7	0.42	-0.46	-0.11	0.6	0.15	0.53
Non Currrent Assets Other	0.61	0.22	0.04	0.44	0.72	0.55	0.1	0.34	0.28	-0.04		0.51	0.41	0.36	0.24	0.49	0.44	-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		0.47	0.49	0.21	0.49	0.01	0.21	0.4	-0.04	0.84	0.05	0.41	0.64	0.59	0.73
Net Receivables	0.7	0.85	0.55	0.91	0.57	0.68	0.62	0.09	0.8	0.74	0.41	0.47		0.85	0.85	0.9	0.53	-0.12	0.92	0.76	0.69	0.11	0.5	0.88	-0.08	0.84
Common Stock Shares Outstanding	0.81	0.68	0.62	0.85	0.58	0.8	0.44	-0.07	0.72	0.52	0.36	0.49	0.85		0.72	0.79	0.52	-0.04	0.83	0.58	0.8	0.18	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	0.74	0.1	0.94	0.94	0.51	0.13	0.42	0.8	-0.42	0.69
Inventory	0.73	0.86	0.33	0.83	0.66	0.79	0.65	0.27	0.79	0.68	0.49	0.49	0.9	0.79	0.89		0.59	0.08	0.89	0.76	0.64	0.28	0.59	0.88	-0.16	0.86
Other Current Assets	0.44	0.74	0.09	0.7	0.24	0.48	0.66	-0.11	0.57	0.15	0.44	0.01	0.53	0.52	0.74	0.59		-0.15	0.77	0.7	0.41	0.59	0.66	0.61	-0.68	0.53
Other Stockholder Equity	0.08	0.05	0.15	-0.03	0.09	0.19	-0.16	0.21	0.28	0.36	-0.37	0.21	-0.12	-0.04	0.1	0.08	-0.15		0.0	0.0	0.08	-0.45	-0.31	0.03	0.13	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	0.92	0.83	0.94	0.89	0.77	0.0		0.81	0.71	0.24	0.61	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	0.76	0.58	0.94	0.76	0.7	0.0	0.81		0.28	0.06	0.25	0.61	-0.5	0.46
Total Current Assets	0.97	0.45	0.77	0.79	0.84	0.85	0.1	0.27	0.69	0.42	0.51	0.84	0.69	0.8	0.51	0.64	0.41	0.08	0.71	0.28		0.2	0.65	0.89	0.19	0.86
Short Term Debt	0.33	0.12	-0.32	0.21	0.34	0.34	0.2	0.08	-0.02	-0.46	0.75	0.05	0.11	0.18	0.13	0.28	0.59	-0.45	0.24	0.06	0.2		0.82	0.29	-0.42	0.31
Accounts Payable	0.73	0.37	0.19	0.63	0.6	0.73	0.23	0.03	0.4	-0.11	0.76	0.41	0.5	0.65	0.42	0.59	0.66	-0.31	0.61	0.25	0.65	0.82		0.69	-0.33	0.68
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	0.88	0.89	0.8	0.88	0.61	0.03	0.9	0.61	0.89	0.29	0.69		-0.08	0.94
Short Term Investments	0.13	-0.44	0.26	-0.22	0.4	-0.03	-0.52	0.63	-0.2	0.15	0.0	0.59	-0.08	-0.16	-0.42	-0.16	-0.68	0.13	-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	0.84	0.81	0.69	0.86	0.53	0.03	0.85	0.46	0.86	0.31	0.68	0.94	0.05

Click cells to compare fundamentals

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	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	366.9M
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

Granite Construction Investors Sentiment

The influence of Granite Construction's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Granite. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Granite Construction's public news can be used to forecast risks associated with an investment in Granite. The trend in average sentiment can be used to explain how an investor holding Granite can time the market purely based on public headlines and social activities around Granite Construction Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Granite Construction's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Granite Construction's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Granite Construction's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Granite Construction.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Granite Construction in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Granite Construction's short interest history, or implied volatility extrapolated from Granite Construction options trading.

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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 tightly coupled with the direction of predictive economic indicators such as signals in real.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Granite Stock analysis

When running Granite Construction's price analysis, check to measure Granite Construction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.

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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

0.97

Revenue Per Share

79.973

Quarterly Revenue Growth

0.183

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 Accounts Payable vs Short Term Debt Analysis

Accounts Payable vs Short Term Debt

Accounts Payable vs Short Term Debt Correlation Analysis

Correlation Coefficient

Accounts Payable

Short Term Debt

Granite Construction fundamental ratios Correlations

Granite Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Construction fundamental ratios Accounts

Granite Construction Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Granite Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

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	- 0.68	Other Current Assets
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