Great Lakes Dredge & Dock Corporation

Great Lakes Dredge & Dock Corporationverified

GLDD

Price:

$12.33

Market Cap:

$829.46M

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land ...[Read more]

Industry

Engineering & Construction

IPO Date

2006-12-27

Stock Exchange

NASDAQ

Ticker

GLDD

The Current Ratio as of November 2024 (TTM) for Great Lakes Dredge & Dock Corporation (GLDD) is 1.21

According to Great Lakes Dredge & Dock Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.21. This represents a change of -2.26% compared to the average of 1.24 of the last 4 quarters.

Great Lakes Dredge & Dock Corporation (GLDD) Historical Current Ratio (quarterly & annually)

How has GLDD Current Ratio performed in the past?

The mean historical Current Ratio of Great Lakes Dredge & Dock Corporation over the last ten years is 1.61. The current 1.21 Current Ratio has changed 7.41% with respect to the historical average. Over the past ten years (40 quarters), GLDD's Current Ratio was at its highest in in the September 2021 quarter at 2.17. The Current Ratio was at its lowest in in the September 2023 quarter at 1.02.

Quarterly (TTM)
Annual

Average

1.61

Median

1.65

Minimum

1.14

Maximum

2.12

Great Lakes Dredge & Dock Corporation (GLDD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Great Lakes Dredge & Dock Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 39.53%

Maximum Annual Current Ratio = 2.12

Minimum Annual Increase = -46.11%

Minimum Annual Current Ratio = 1.14

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.2610.60%
20221.14-46.11%
20212.122.85%
20202.0639.53%
20191.4716.37%
20181.27-27.38%
20171.742.14%
20161.716.57%
20151.60-6.08%
20141.71-14.20%

Great Lakes Dredge & Dock Corporation (GLDD) Average Current Ratio

How has GLDD Current Ratio performed in the past?

The current Current Ratio of Great Lakes Dredge & Dock Corporation (GLDD) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.51

5-year avg

1.61

10-year avg

1.61

Great Lakes Dredge & Dock Corporation (GLDD) Current Ratio vs. Peers

How is GLDD’s Current Ratio compared to its peers?

Great Lakes Dredge & Dock Corporation’s Current Ratio is less than Primoris Services Corporation (1.38), less than Granite Construction Incorporated (1.56), less than MYR Group Inc. (1.35), less than Southland Holdings, Inc. (1.48), less than Construction Partners, Inc. (1.54), greater than Matrix Service Company (1.06), less than EMCOR Group, Inc. (1.28), greater than KBR, Inc. (1.07), less than APi Group Corporation (1.51), greater than Comfort Systems USA, Inc. (1.04),

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