RideNow (RDNW) Convertible Debt (2016 - 2023)

RideNow (RDNW) has reported Convertible Debt for 6 consecutive years, with $34.2 million the latest figure, recorded in 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 came in at $34.2 million for Q3 2023 at RideNow, up from $33.4 million in the prior quarter.
• The five-year high for Convertible Debt was $34.2 million in Q3 2023, with the low at $19.4 million in Q2 2019.
• Average Convertible Debt over 5 years is $28.0 million, with a median of $28.6 million recorded in 2021.
• Across the five-year window, Convertible Debt jumped 36.09% in 2020 and rose 6.63% in 2021, its largest moves.
• Year by year, Convertible Debt stood at $20.1 million in 2019, then surged by 34.91% to $27.2 million in 2020, then increased by 8.21% to $29.4 million in 2021, then gained by 8.48% to $31.9 million in 2022, then grew by 7.23% to $34.2 million in 2023.
• According to Business Quant data, Convertible Debt over the past three periods registered $34.2 million, $33.4 million, and $32.6 million for Q3 2023, Q2 2023, and Q1 2023 respectively.