RideNow (RDNW) Non Operating Interest Expenses (2014 - 2024)
RideNow's Non Operating Interest Expenses came in at $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) Non Operating Interest Expenses (2014 - 2024) Analysis & Trends
Over the trailing twelve months to Mar 31, 2024, RideNow reported Non Operating Interest Expenses of $75.7 million, up 28.2% year-over-year; for FY2023, it came in at $77.2 million, up 48.2% from FY2022.
- Non Operating Interest Expenses has increased in each of the last three years, with a five-year compound annual growth rate of 112.5% (FY2018 to FY2023).
- Going back by year, Non Operating Interest Expenses was $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 represents the lowest quarterly Non Operating Interest Expenses since Q3 2022.
- Year-over-year, Non Operating Interest Expenses increased in seven of the last eight quarters, with growth averaging 126.8%.
- The fastest year-over-year change in Non Operating Interest Expenses over five years came in Q2 2019 (growth of 688.4%), and the weakest in Q1 2021 (a decline of 27.4%).
- Business Quant data shows RDNW's Non Operating Interest Expenses at $21.44 million (Q4 2023), $19.83 million (Q3 2023) and $18.33 million (Q2 2023) in the three quarters before Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | 1.69 Bn |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 583.00 Mn |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | - |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | - |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 69.87 Mn |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | - |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 98.00 Mn |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 98.00 Mn |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | - |
| 10 | RideNow | 211.73 Mn | 69.93 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 | 4.58 Mn |
| Jun 30, 2021 | 1.92 Mn |
| Mar 31, 2021 | 1.61 Mn |
| Dec 31, 2020 | 1.26 Mn |
| Sep 30, 2020 | 1.49 Mn |
| Jun 30, 2020 | 1.48 Mn |
| 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 Non Operating 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=non-operating-interest-expenses&ticker=RDNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-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=non-operating-interest-expenses&ticker=RDNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();