RideNow (RDNW) Interest Expenses (2014 - 2024)
RideNow (RDNW) recorded quarterly Interest Expenses of $16.1 million in Q1 2024, down 24.92% quarter-over-quarter from $21.4 million in Q4 2023, and down 8.52% on a YoY basis from $17.6 million in Q2 2023.
RideNow (RDNW) Interest Expenses (2014 - 2024) Analysis & Trends
RideNow's Interest Expenses history runs 11 years deep, the most recent figure standing at $16.1 million for Q1 2024.
- In Q1 2024, Interest Expenses fell 8.52% year-over-year to $16.1 million; the TTM figure through Dec 2024 stood at $16.1 million (down 79.14% YoY), while the FY2023 annual figure was $77.2 million, up 48.18% from the prior year.
- Interest Expenses was $16.1 million for Q1 2024 at RideNow, down from $21.4 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $21.4 million in Q4 2023 to a low of -$14000.0 in Q4 2020.
- Historically, Interest Expenses has averaged $9.7 million across 5 years, with a median of $11.2 million in 2022.
- The sharpest annual moves came in 2020 and 2021: Interest Expenses plunged 99.09% in 2020, then jumped 59371.43% in 2021.
- A 5-year view of Interest Expenses shows it stood at -$14000.0 in 2020, then surged by 59371.43% to $8.3 million in 2021, then soared by 98.58% to $16.5 million in 2022, then jumped by 30.14% to $21.4 million in 2023, then declined by 24.92% to $16.1 million in 2024.
- The last three Interest Expenses figures came in at $16.1 million (Q1 2024), $21.4 million (Q4 2023), and $19.8 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | - |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 99.00 Mn |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 28.75 Mn |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 70.30 Mn |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 48.00 Mn |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 7.42 Mn |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | - |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 24.80 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| Date | Value |
|---|---|
| Mar 31, 2024 | 16.10 Mn |
| Mar 31, 2024 | 16.10 Mn |
| Dec 31, 2023 | 21.44 Mn |
| Dec 31, 2023 | 21.44 Mn |
| Sep 30, 2023 | 19.83 Mn |
| Sep 30, 2023 | 19.83 Mn |
| Jun 30, 2023 | 18.33 Mn |
| Jun 30, 2023 | 18.33 Mn |
| Mar 31, 2023 | 17.60 Mn |
| Mar 31, 2023 | 17.60 Mn |
| Dec 31, 2022 | 16.48 Mn |
| Dec 31, 2022 | 16.48 Mn |
| Sep 30, 2022 | 12.21 Mn |
| Sep 30, 2022 | 12.21 Mn |
| Jun 30, 2022 | 12.75 Mn |
| Jun 30, 2022 | 12.75 Mn |
| Mar 31, 2022 | 11.18 Mn |
| Mar 31, 2022 | 11.18 Mn |
| Dec 31, 2021 | 8.30 Mn |
| Dec 31, 2021 | 8.30 Mn |