Great Lakes Dredge & Dock Corporation (GLDD) Balance Sheet
GLDD balance sheet, 2025
December 31, 2025 · U.S. dollars$1.32B assets = $807.7M liabilities + $517.1M equity
Both columns are drawn to the same scale: what GLDD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GLDD financial health
Current ratio0.97
Tight · current assets cover current liabilities 0.97×
Debt / equity0.89
Moderate leverage · $0.89 of debt for each $1 of equity
Equity / assets39.0%
Balanced · of assets funded by shareholders
Cash / debt2.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles5.8%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
GLDD balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $893.6M2016 | $1.32B2025 | +4.5%/yr | |
| Total liabilities | $645.7M2016 | $807.7M2025 | +2.5%/yr | |
| Shareholders’ equity | $247.9M2016 | $517.1M2025 | +8.5%/yr | |
| Cash & short-term investments | $11.2M2016 | $13.4M2025 | +2.0%/yr | |
| Total debt | $392.9M2016 | $458.1M2025 | +1.7%/yr | |
| Net cash (debt) | −$381.7M2016 | −$444.7M2025 | −$63.0M | |
| Working capital | $127.4M2016 | −$7.0M2025 | −$134.4M | |
| Book value per share | $4.042016 | $7.632025 | +7.3%/yr | |
| Current ratio | 1.712016 | 0.972025 | −0.74 | |
| Debt / equity | 1.582016 | 0.892025 | −0.70 | |
| Shares outstanding | 61.4M2016 | 67.7M2025 | +1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GLDD assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
GLDD liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
GLDD debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GLDD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $13.4M | $10.2M | $22.8M | $6.5M | $145.5M | $216.5M | $187.0M | $34.5M | $15.9M | $11.2M |
| Cash & equivalents | $13.4M | $10.2M | $22.8M | $6.5M | $145.5M | $216.5M | $187.0M | $34.5M | $15.9M | $11.2M |
| Short-term investments | — | — | — | — | — | — | — | — | $2.2M | $2.2M |
| Receivables | $151.3M | $192.2M | $123.5M | $110.8M | $122.8M | $71.1M | $42.3M | $82.7M | $129.8M | $183.1M |
| Inventory | $27.9M | $29.9M | $33.9M | $29.2M | $30.8M | $34.7M | $30.2M | $28.1M | $34.6M | $37.1M |
| Other current assets | $16.3M | $20.8M | $46.0M | $36.3M | $28.4M | $40.4M | $41.2M | $61.4M | $81.9M | $75.8M |
| Total current assets | $208.8M | $253.1M | $226.3M | $182.8M | $327.4M | $362.7M | $300.7M | $206.7M | $262.2M | $307.2M |
| Property, plant & equipment (net) | $881.6M | $803.5M | $706.7M | $633.6M | $517.3M | $448.2M | $447.2M | $369.9M | $407.3M | $413.0M |
| Goodwill & intangible assets | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $84.5M | $85.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.7M | $4.7M |
| Other non-current assets | $157.8M | $172.9M | $101.3M | $88.7M | $76.3M | $70.5M | $73.1M | $77.1M | $75.7M | $83.5M |
| Total assets | $1.32B | $1.31B | $1.11B | $981.8M | $997.7M | $958.0M | $897.6M | $730.3M | $832.4M | $893.6M |
| Liabilities | ||||||||||
| Accounts payable | $109.5M | $101.3M | $83.8M | $94.1M | $85.6M | $71.3M | $76.1M | $71.5M | $65.2M | $103.2M |
| Short-term debt | $23.9M | $49.1M | $29.7M | $26.9M | $16.7M | $19.5M | $21.4M | $11.5M | $1.2M | $2.5M |
| Deferred revenue | $34.8M | $25.8M | $29.6M | $9.9M | $14.8M | $32.6M | $55.3M | $17.8M | $2.6M | $5.1M |
| Total current liabilities | $215.8M | $216.0M | $179.4M | $160.3M | $154.7M | $176.3M | $203.9M | $163.1M | $150.2M | $179.8M |
| Long-term debt | $378.2M | $448.2M | $412.1M | $321.5M | $321.0M | $323.7M | $322.8M | $333.4M | $428.1M | $390.4M |
| Lease obligations | $79.5M | $99.5M | $91.2M | $91.9M | $62.7M | $65.4M | $72.5M | — | — | — |
| Other long-term liabilities | $213.7M | $193.0M | $133.8M | $131.7M | $123.0M | $111.3M | $91.4M | $18.8M | $32.7M | $75.5M |
| Total liabilities | $807.7M | $857.2M | $725.3M | $613.6M | $598.7M | $611.4M | $618.2M | $515.3M | $611.1M | $645.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $7,000 | $7,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
| Retained earnings (deficit) | $201.0M | $127.5M | $70.2M | $56.3M | $90.4M | $40.9M | −$23.1M | −$75.0M | −$67.1M | −$35.8M |
| Treasury stock | — | — | — | — | — | — | — | −$1.4M | −$1.4M | −$1.4M |
| Accumulated other comprehensive income | −$1.3M | −$965,000 | −$2.0M | −$190,999 | $140,000 | $968,000 | $295,000 | −$3.8M | $3,000 | −$1.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $517.1M | $448.9M | $385.5M | $368.2M | $399.0M | $346.7M | $279.4M | $214.9M | $221.3M | $247.9M |
| Key figures | ||||||||||
| Total debt | $458.1M | $550.2M | $505.9M | $413.4M | $383.7M | $389.1M | $395.3M | $344.9M | $430.9M | $392.9M |
| Net cash (debt) | −$444.7M | −$540.0M | −$483.0M | −$406.9M | −$238.2M | −$172.6M | −$208.3M | −$310.5M | −$415.0M | −$381.7M |
| Working capital | −$7.0M | $37.1M | $46.9M | $22.5M | $172.7M | $186.4M | $96.8M | $43.6M | $111.9M | $127.4M |
| Tangible book value | $440.6M | $372.3M | $309.0M | $291.6M | $322.4M | $270.1M | $202.8M | $138.4M | $136.8M | $162.8M |
| Book value per share | $7.63 | $6.62 | $5.76 | $5.57 | $6.02 | $5.26 | $4.30 | $3.38 | $3.61 | $4.04 |
| Shares outstanding | 67.7M | 67.8M | 67.0M | 66.1M | 66.3M | 65.9M | 65.0M | 63.6M | 61.4M | 61.4M |
| Current ratio | 0.97 | 1.17 | 1.26 | 1.14 | 2.12 | 2.06 | 1.47 | 1.27 | 1.74 | 1.71 |
| Quick ratio | 0.76 | 0.94 | 0.82 | 0.73 | 1.73 | 1.63 | 1.12 | 0.72 | 0.97 | 1.08 |
| Debt / equity | 0.89 | 1.23 | 1.31 | 1.12 | 0.96 | 1.12 | 1.41 | 1.60 | 1.95 | 1.58 |
| Equity / assets | 39.0% | 34.4% | 34.7% | 37.5% | 40.0% | 36.2% | 31.1% | 29.4% | 26.6% | 27.7% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $13.4M | $12.7M | $2.9M | $11.3M | $10.2M | $12.0M | $23.1M | $22.8M | $22.8M | $14.1M | $42.1M | $32.5M |
| Cash & equivalents | $13.4M | $12.7M | $2.9M | $11.3M | $10.2M | $12.0M | $23.1M | $22.8M | $22.8M | $14.1M | $42.1M | $32.5M |
| Receivables | $151.3M | $159.7M | $170.3M | $192.3M | $192.2M | $134.3M | $126.8M | $109.2M | $123.5M | $79.6M | $86.2M | $114.0M |
| Inventory | $27.9M | $27.0M | $26.6M | $26.1M | $29.9M | $35.0M | $32.0M | $32.0M | $33.9M | $32.3M | $32.1M | $28.7M |
| Other current assets | $16.3M | $30.5M | $13.9M | $27.9M | $20.8M | $33.4M | $37.4M | $47.1M | $46.0M | $41.9M | $30.0M | $33.4M |
| Total current assets | $208.8M | $229.8M | $213.7M | $257.6M | $253.1M | $214.7M | $219.3M | $211.2M | $226.3M | $167.9M | $190.4M | $208.6M |
| Property, plant & equipment (net) | $881.6M | $848.2M | $829.3M | $787.2M | $803.5M | $748.1M | $728.0M | $694.7M | $706.7M | $679.1M | $649.3M | $647.3M |
| Goodwill & intangible assets | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M | $76.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $157.8M | $113.1M | $122.1M | $112.0M | $172.9M | $106.0M | $103.9M | $112.6M | $101.3M | $96.7M | $91.4M | $92.5M |
| Total assets | $1.32B | $1.27B | $1.24B | $1.23B | $1.31B | $1.15B | $1.13B | $1.10B | $1.11B | $1.02B | $1.01B | $1.02B |
| Liabilities | ||||||||||||
| Accounts payable | $109.5M | $89.5M | $99.2M | $90.4M | $101.3M | $94.6M | $90.4M | $89.6M | $83.8M | $74.3M | $65.2M | $88.1M |
| Short-term debt | $23.9M | $26.6M | $33.4M | $40.9M | $49.1M | $25.2M | $28.5M | $30.0M | $29.7M | $26.2M | $26.3M | $26.0M |
| Deferred revenue | $34.8M | — | $28.8M | $30.4M | $25.8M | $15.6M | $20.6M | $18.1M | $29.6M | $29.4M | $24.0M | $12.4M |
| Total current liabilities | $215.8M | $191.7M | $192.3M | $193.1M | $216.0M | $177.7M | $165.8M | $168.5M | $179.4M | $164.4M | $141.3M | $163.2M |
| Long-term debt | $378.2M | $415.3M | $419.6M | $413.9M | $448.2M | $412.5M | $411.5M | $382.2M | $412.1M | $376.9M | $376.8M | $371.7M |
| Lease obligations | $79.5M | $71.3M | $74.4M | $86.1M | $99.5M | $69.6M | $77.7M | $84.8M | $91.2M | $74.3M | $80.7M | $86.9M |
| Other long-term liabilities | $213.7M | $158.6M | $147.9M | $146.5M | $193.0M | $129.7M | $132.4M | $135.3M | $133.8M | $113.0M | $120.9M | $126.2M |
| Total liabilities | $807.7M | $765.6M | $759.8M | $753.5M | $857.2M | $719.9M | $709.6M | $686.0M | $725.3M | $654.3M | $639.1M | $661.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $6,000 | $6,000 | $7,000 | $7,000 | $6,000 |
| Retained earnings (deficit) | $201.0M | $188.3M | $170.6M | $160.9M | $127.5M | $107.8M | $98.9M | $91.2M | $70.2M | $48.7M | $54.8M | $53.1M |
| Accumulated other comprehensive income | −$1.3M | −$121,999 | −$753,000 | −$603,000 | −$965,000 | −$3.3M | −$677,000 | −$726,999 | −$2.0M | $1.5M | −$622,000 | −$1.6M |
| Total shareholders' equity | $517.1M | $502.1M | $481.9M | $479.9M | $448.9M | $425.4M | $418.0M | $409.0M | $385.5M | $366.0M | $368.5M | $364.0M |
| Key figures | ||||||||||||
| Total debt | $458.1M | $486.6M | $494.0M | $500.0M | $550.2M | $482.2M | $489.2M | $467.0M | $505.9M | $451.3M | $457.5M | $458.5M |
| Net cash (debt) | −$444.7M | −$473.9M | −$491.1M | −$488.6M | −$540.0M | −$470.1M | −$466.0M | −$444.2M | −$483.0M | −$437.2M | −$415.4M | −$426.0M |
| Working capital | −$7.0M | $38.2M | $21.4M | $64.5M | $37.1M | $37.0M | $53.5M | $42.7M | $46.9M | $3.6M | $49.0M | $45.4M |
| Tangible book value | $440.6M | $425.5M | $405.3M | $403.4M | $372.3M | $348.8M | $341.4M | $332.5M | $309.0M | $289.4M | $291.9M | $287.4M |
| Book value per share | $7.63 | $7.46 | $7.17 | $7.02 | $6.59 | $6.27 | $6.18 | $6.06 | $5.73 | $5.50 | $5.52 | $5.49 |
| Shares outstanding | 67.7M | 67.3M | 67.2M | 68.4M | 68.1M | 67.8M | 67.7M | 67.5M | 67.3M | 66.5M | 66.8M | 66.3M |
| Current ratio | 0.97 | 1.20 | 1.11 | 1.33 | 1.17 | 1.21 | 1.32 | 1.25 | 1.26 | 1.02 | 1.35 | 1.28 |
| Quick ratio | 0.76 | 0.90 | 0.90 | 1.05 | 0.94 | 0.82 | 0.90 | 0.78 | 0.82 | 0.57 | 0.91 | 0.90 |
| Debt / equity | 0.89 | 0.97 | 1.03 | 1.04 | 1.23 | 1.13 | 1.17 | 1.14 | 1.31 | 1.23 | 1.24 | 1.26 |
| Equity / assets | 39.0% | 39.6% | 38.8% | 38.9% | 34.4% | 37.1% | 37.1% | 37.4% | 34.7% | 35.9% | 36.6% | 35.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
GLDD financial position
At the end of fiscal 2025 (December 31, 2025), Great Lakes Dredge & Dock had total assets of $1.3 billion (up 1.4% from a year earlier), total liabilities of $807.7 million and shareholders' equity of $517.1 million. It held $13.4 million in cash and short-term investments against $458.1 million of debt, net debt of $444.7 million. Its current ratio was 0.97.
Related: GLDD income statement, GLDD cash flow statement, GLDD key metrics. See the GLDD stock overview for the latest quote and news.
GLDD balance sheet FAQ
What are Great Lakes Dredge & Dock's total assets?
Great Lakes Dredge & Dock reported total assets of $1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does Great Lakes Dredge & Dock have?
Great Lakes Dredge & Dock had $458.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.89.
How much cash does Great Lakes Dredge & Dock have?
Great Lakes Dredge & Dock held $13.4 million in cash and short-term investments at the end of fiscal 2025; with $458.1 million of debt that is net debt of $444.7 million.
What is Great Lakes Dredge & Dock's book value?
Great Lakes Dredge & Dock's shareholders' equity (book value) was $517.1 million at the end of fiscal 2025, or $7.63 per share.
What is Great Lakes Dredge & Dock's current ratio?
Great Lakes Dredge & Dock had current assets of $208.8 million and current liabilities of $215.8 million, a current ratio of 0.97 (current liabilities exceed current assets).
How much goodwill does Great Lakes Dredge & Dock have?
Great Lakes Dredge & Dock carried $76.6 million of goodwill and intangible assets, 5.8% of total assets, at the end of fiscal 2025.