RideNow (RDNW) Interest Coverage Ratio (2014 - 2024)
RideNow (RDNW) recorded quarterly Interest Coverage Ratio of 0.32 in Q1 2024, up 109.98% quarter-over-quarter from 3.24 in Q4 2023, and up 912.07% on a YoY basis from 0.03 in Q2 2023.
RideNow (RDNW) Interest Coverage Ratio (2014 - 2024) Analysis & Trends
RideNow's Interest Coverage Ratio history runs 10 years deep, the most recent figure standing at 0.32 for Q1 2024.
- In Q1 2024, Interest Coverage Ratio rose 912.07% year-over-year to 0.32; the TTM figure through Dec 2024 stood at 0.94 (down 4.87% YoY), while the FY2023 annual figure was 0.9, up 81.97% from the prior year.
- Interest Coverage Ratio was 0.32 for Q1 2024 at RideNow, up from 3.24 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 288.93 in Q4 2020 to a low of 19.91 in Q4 2022.
- Historically, Interest Coverage Ratio has averaged 23.73 across 5 years, with a median of 0.32 in 2024.
- The sharpest annual moves came in 2020 and 2022: Interest Coverage Ratio soared 10820.76% in 2020, then sank 1139.72% in 2022.
- A 5-year view of Interest Coverage Ratio shows it stood at 288.93 in 2020, then slumped by 99.34% to 1.91 in 2021, then tumbled by 1139.72% to 19.91 in 2022, then surged by 83.74% to 3.24 in 2023, then soared by 109.98% to 0.32 in 2024.
- The last three Interest Coverage Ratio figures came in at 0.32 (Q1 2024), 3.24 (Q4 2023), and 0.01 (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | - |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 5.87 |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | -0.21 |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 4.78 |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 6.55 |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 11.07 |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | - |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 2.98 |
| 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| Date | Value |
|---|---|
| Mar 31, 2024 | 0.32 |
| Dec 31, 2023 | -3.24 |
| Sep 30, 2023 | -0.01 |
| Jun 30, 2023 | 0.04 |
| Mar 31, 2023 | -0.04 |
| Dec 31, 2022 | -19.91 |
| Sep 30, 2022 | 1.15 |
| Jun 30, 2022 | 2.43 |
| Mar 31, 2022 | 2.03 |
| Dec 31, 2021 | 1.91 |
| Sep 30, 2021 | -4.96 |
| Jun 30, 2021 | 0.40 |
| Mar 31, 2021 | -1.75 |
| Dec 31, 2020 | 288.93 |
| Sep 30, 2020 | 4.57 |
| Jun 30, 2020 | 140.55 |
| Mar 31, 2020 | -8.97 |
| Dec 31, 2019 | 2.65 |
| Sep 30, 2019 | -3.68 |
| Jun 30, 2019 | -5.24 |