Grand Canyon Education Inc (LOPE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 324,623 | 146,475 | 120,409 | 600,941 | 245,769 |
| Short-term investments | US$ in thousands | — | 98,031 | 61,295 | — | 10,840 |
| Total current liabilities | US$ in thousands | 110,966 | 97,033 | 99,706 | 97,944 | 118,718 |
| Cash ratio | 2.93 | 2.52 | 1.82 | 6.14 | 2.16 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($324,623K
+ $—K)
÷ $110,966K
= 2.93
The cash ratio of Grand Canyon Education Inc has shown fluctuations over the past five years, ranging from 1.82 to 6.14. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In 2021, the cash ratio significantly increased to 6.14, indicating a strong ability to meet short-term obligations with available cash. However, in 2022, the ratio decreased to 1.82, suggesting a decrease in liquidity compared to the previous year.
By 2024, the cash ratio improved to 2.93, indicating that the company's cash position had improved, although not as high as in 2021. Overall, the fluctuations in the cash ratio suggest varying levels of liquidity and the need for careful monitoring of cash management by Grand Canyon Education Inc.
Peer comparison
Dec 31, 2024