Grand Canyon Education (LOPE) Interest Coverage Ratio (2010 - 2024)
Grand Canyon Education (LOPE) reported Interest Coverage Ratio of 21359.5 for Q2 2024, up 321.86% on a YoY basis from 5063.14 in Q3 2023, and down 49.43% quarter-over-quarter from 42239.0 in Q1 2024.
Grand Canyon Education (LOPE) Interest Coverage Ratio (2010 - 2024) Analysis & Trends
Grand Canyon Education has reported Interest Coverage Ratio for 15 years, with the latest figure at 21359.5 in Q2 2024.
- For the quarter ending Q2 2024, Interest Coverage Ratio rose 321.86% year-over-year to 21359.5; the trailing twelve-month figure through Mar 2025 stood at 139472.0 (up 760.75% YoY), and the FY2024 full-year result was 68849.75, up 811.53% from the prior year.
- Interest Coverage Ratio for Q2 2024 stood at 21359.5, down from 42239.0 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 42239.0 in Q1 2024, with the low at 30226.0 in Q4 2022.
- Historically, Interest Coverage Ratio has averaged 6721.19 across 5 years, with a median of 108.95 in 2020.
- The largest YoY upside for Interest Coverage Ratio was 10178.51% in 2022 against a maximum downside of 38413.82% in 2022.
- Grand Canyon Education's Interest Coverage Ratio stood at 112.48 in 2020, then declined by 29.86% to 78.89 in 2021, then plunged by 38413.82% to 30226.0 in 2022, then jumped by 153.93% to 16299.83 in 2023, then jumped by 31.04% to 21359.5 in 2024.
- The last three Interest Coverage Ratio figures came in at 21359.5 (Q2 2024), 42239.0 (Q1 2024), and 16299.83 (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | - |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | -8.77 |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 3.56 |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 6.70 |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | - |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | - |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | - |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 0.34 |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 41.36 |
| 10 | Strategic Education | 1.69 Bn | 1.53 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 21,359.50 |
| Mar 31, 2024 | 42,239.00 |
| Dec 31, 2023 | 16,299.83 |
| Sep 30, 2023 | 41,538.00 |
| Jun 30, 2023 | 5,063.14 |
| Mar 31, 2023 | 3,919.84 |
| Dec 31, 2022 | -30,226.00 |
| Jun 30, 2022 | 6,769.00 |
| Dec 31, 2021 | 78.89 |
| Sep 30, 2021 | 61.16 |
| Jun 30, 2021 | 65.86 |
| Mar 31, 2021 | 105.41 |
| Dec 31, 2020 | 112.48 |
| Sep 30, 2020 | 55.60 |
| Jun 30, 2020 | 45.02 |
| Mar 31, 2020 | 52.26 |
| Dec 31, 2019 | 27.85 |
| Sep 30, 2019 | 20.78 |
| Jun 30, 2019 | 17.54 |
| Mar 31, 2019 | 28.01 |