Grand Canyon Education Inc (LOPE)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	146,475	56,871	142,925	105,040	120,409	39,887	139,401	201,933	600,941	61,002	69,448	225,829	245,769	166,950	172,532	132,493	122,272	119,709	65,801	88,467
Short-term investments	US$ in thousands	98,031	97,553	90,444	89,483	61,295	68,403	63,867	62,396	—	—	3,006	8,015	10,840	12,812	14,691	17,049	21,601	14,152	14,205	14,243
Total current liabilities	US$ in thousands	97,033	99,515	100,445	119,650	99,706	95,587	103,716	132,709	97,944	203,842	169,007	152,811	118,718	122,663	150,586	133,084	95,230	124,016	113,266	126,002
Cash ratio		2.52	1.55	2.32	1.63	1.82	1.13	1.96	1.99	6.14	0.30	0.43	1.53	2.16	1.47	1.24	1.12	1.51	1.08	0.71	0.82

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($146,475K + $98,031K) ÷ $97,033K
= 2.52

The cash ratio of Grand Canyon Education Inc has exhibited fluctuations over the past eight quarters. The trend shows variations in the ability of the company to cover its short-term liabilities with cash and cash equivalents.

In Q4 2023, the cash ratio was 2.65, indicating that the company had $2.65 in cash and cash equivalents for every $1 of current liabilities. This ratio suggests a strong liquidity position, which improved compared to the previous quarter.

During Q3 2023, the cash ratio decreased to 1.67, reflecting a decrease in the company's ability to cover its short-term obligations with cash. However, the cash ratio increased to 2.45 in Q2 2023, showing improvement in liquidity compared to the preceding quarter.

In Q1 2023, the cash ratio was 1.76, slightly lower than that of Q2 2023, indicating a temporary decrease in liquidity.

Comparing the latest data to Q4 2022, where the cash ratio was 1.94, there has been an increase in the company's liquidity position.

Overall, the cash ratio of Grand Canyon Education Inc has shown variability, but the trend indicates a generally healthy liquidity position, with some quarters performing notably better than others in terms of the company's ability to cover short-term obligations with cash.