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
DateValue
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