RideNow (RDNW) Interest Expenses (2014 - 2024)
RideNow (RDNW) reported Interest Expenses of $16.1 million for Q1 2024, down 8.5% from $17.6 million a year earlier and down 24.9% from the prior quarter.
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Analysis
RideNow (RDNW) Interest Expenses (2014 - 2024) Analysis & Trends
Over the twelve months ended Mar 31, 2024, RideNow's Interest Expenses came in at $75.7 million, up 28.2% year-over-year; for FY2023, it was $77.2 million, up 48.2% from FY2022.
- Interest Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 112.5% (FY2018 to FY2023).
- By year, Interest Expenses came in at $52.1 million in FY2022 (+217.6%), $16.41 million in FY2021 (+154.3%), $6.45 million in FY2020 and -$7.19 million in FY2019.
- The Q1 2024 figure ranks as the lowest quarterly Interest Expenses since Q3 2022.
- Year over year, Interest Expenses gained in seven of the last eight quarters, with growth averaging 268.2%.
- The high point for year-over-year Interest Expenses in five years was Q2 2022 (growth of 963.6%); the low point was Q2 2020 (a decline of 53.1%).
- Per Business Quant data, the three quarters before Q1 2024 came in at $21.44 million (Q4 2023), $19.83 million (Q3 2023) and $18.33 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 1.31 Bn |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 583.00 Mn |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | - |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | - |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | - |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 98.00 Mn |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 69.87 Mn |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 101.00 Mn |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | - |
| 10 | RideNow | 214.29 Mn | 57.99 Mn | 84.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 16.10 Mn |
| Dec 31, 2023 | 21.44 Mn |
| Sep 30, 2023 | 19.83 Mn |
| Jun 30, 2023 | 18.33 Mn |
| Mar 31, 2023 | 17.60 Mn |
| Dec 31, 2022 | 16.48 Mn |
| Sep 30, 2022 | 12.21 Mn |
| Jun 30, 2022 | 12.75 Mn |
| Mar 31, 2022 | 11.18 Mn |
| Dec 31, 2021 | 8.30 Mn |
| Sep 30, 2021 | 1.22 Mn |
| Jun 30, 2021 | 1.20 Mn |
| Mar 31, 2021 | 1.61 Mn |
| Dec 31, 2020 | 1.26 Mn |
| Sep 30, 2020 | 1.13 Mn |
| Jun 30, 2020 | 878,919.00 |
| Mar 31, 2020 | 2.22 Mn |
| Dec 31, 2019 | -12.54 Mn |
| Sep 30, 2019 | 2.03 Mn |
| Jun 30, 2019 | 1.87 Mn |
API Access
RideNow Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=RDNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "RDNW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=RDNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();