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| Date | Value |
|---|---|
| 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 |