Grand Canyon Education (LOPE) Interest Expenses (2010 - 2024)

Grand Canyon Education (LOPE) reported Interest Expenses of $2000.0 for Q2 2024, down 71.43% on a YoY basis from $7000.0 in Q3 2023, and little changed quarter-over-quarter from $2000.0 in Q1 2024.

Grand Canyon Education (LOPE) Interest Expenses (2010 - 2024) Analysis & Trends

Grand Canyon Education has reported Interest Expenses for 15 years, with the latest figure at $2000.0 in Q2 2024.

  • For the quarter ending Q2 2024, Interest Expenses fell 71.43% year-over-year to $2000.0; the trailing twelve-month figure through Mar 2025 stood at $2000.0 (down 87.5% YoY), and the FY2024 full-year result was $4000.0, down 87.88% from the prior year.
  • Interest Expenses for Q2 2024 stood at $2000.0, roughly flat from $2000.0 in the prior quarter.
  • The five-year high for Interest Expenses was $1.5 million in Q1 2020, with the low at -$3000.0 in Q4 2022.
  • Historically, Interest Expenses has averaged $502625.0 across 5 years, with a median of $380000.0 in 2021.
  • Annual changes were most pronounced in 2022 — Interest Expenses plunged 100.23% — and 2023, when it jumped 300.0%.
  • Grand Canyon Education's Interest Expenses stood at $865000.0 in 2020, then jumped by 50.06% to $1.3 million in 2021, then tumbled by 100.23% to -$3000.0 in 2022, then jumped by 300.0% to $6000.0 in 2023, then slumped by 66.67% to $2000.0 in 2024.
  • The last three Interest Expenses figures came in at $2000.0 (Q2 2024), $2000.0 (Q1 2024), and $6000.0 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (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 3.14 Mn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 16.23 Mn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 13.63 Mn
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 993,000.00
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 1.53 Mn
10 Strategic Education 1.69 Bn 1.53 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2024 2,000.00
Jun 30, 2024 2,000.00
Mar 31, 2024 2,000.00
Mar 31, 2024 2,000.00
Dec 31, 2023 6,000.00
Dec 31, 2023 6,000.00
Sep 30, 2023 1,000.00
Sep 30, 2023 1,000.00
Jun 30, 2023 7,000.00
Jun 30, 2023 7,000.00
Mar 31, 2023 19,000.00
Mar 31, 2023 19,000.00
Dec 31, 2022 -3,000.00
Dec 31, 2022 -3,000.00
Jun 30, 2022 5,000.00
Jun 30, 2022 5,000.00
Dec 31, 2021 1.30 Mn
Dec 31, 2021 1.30 Mn
Sep 30, 2021 741,000.00
Sep 30, 2021 741,000.00