RideNow (RDNW) Convertible Debt (2016 - 2023)

RideNow (RDNW) recorded quarterly Convertible Debt of $34.2 million in Q3 2023, up 2.4% quarter-over-quarter from $33.4 million in Q2 2023, and up 9.66% on a YoY basis from $31.2 million in Q3 2022.

RideNow (RDNW) Convertible Debt (2016 - 2023) Analysis & Trends

RideNow's Convertible Debt history runs 6 years deep, the most recent figure standing at $34.2 million for Q3 2023.

  • In Q3 2023, Convertible Debt rose 9.66% year-over-year to $34.2 million; the TTM figure through Sep 2023 stood at $34.2 million (up 9.66% YoY), while the FY2022 annual figure was $31.9 million, up 8.48% from the prior year.
  • Convertible Debt was $34.2 million for Q3 2023 at RideNow, up from $33.4 million in the prior quarter.
  • In the past five years, Convertible Debt ranged from a high of $34.2 million in Q3 2023 to a low of $19.4 million in Q2 2019.
  • Historically, Convertible Debt has averaged $28.0 million across 5 years, with a median of $28.6 million in 2021.
  • The sharpest annual moves came in 2020 and 2021: Convertible Debt jumped 36.09% in 2020, then climbed 6.63% in 2021.
  • A 5-year view of Convertible Debt shows it stood at $20.1 million in 2019, then surged by 34.91% to $27.2 million in 2020, then advanced by 8.21% to $29.4 million in 2021, then grew by 8.48% to $31.9 million in 2022, then gained by 7.23% to $34.2 million in 2023.
  • The last three Convertible Debt figures came in at $34.2 million (Q3 2023), $33.4 million (Q2 2023), and $32.6 million (Q1 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn
10 RideNow 277.10 Mn 247.60 Mn 70.90 Mn

Historic Data

Download Data
DateValue
Sep 30, 2023 34.20 Mn
Jun 30, 2023 33.39 Mn
Mar 31, 2023 32.63 Mn
Dec 31, 2022 31.89 Mn
Sep 30, 2022 31.19 Mn
Jun 30, 2022 30.51 Mn
Mar 31, 2022 29.86 Mn
Dec 31, 2021 29.40 Mn
Sep 30, 2021 28.65 Mn
Jun 30, 2021 28.08 Mn
Mar 31, 2021 27.57 Mn
Dec 31, 2020 27.17 Mn
Sep 30, 2020 26.68 Mn
Jun 30, 2020 26.33 Mn
Dec 31, 2019 20.14 Mn
Sep 30, 2019 19.72 Mn
Jun 30, 2019 19.35 Mn
Aug 31, 2016 197,358.00