Grand Canyon Education Inc (LOPE)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	337,522	273,273	681,045	333,742	208,344
Total current liabilities	US$ in thousands	97,033	99,706	97,944	118,718	95,230
Current ratio		3.48	2.74	6.95	2.81	2.19

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $337,522K ÷ $97,033K
= 3.48

Grand Canyon Education Inc's current ratio has exhibited fluctuations over the past five years, ranging from 2.19 to 6.95. As of December 31, 2023, the current ratio stands at 3.48, indicating that the company's current assets are 3.48 times greater than its current liabilities. This suggests that in the most recent period, Grand Canyon Education Inc has a strong ability to meet its short-term financial obligations. Compared to the previous years, the current ratio has shown variability, with a significant increase in 2021 to 6.95, followed by a decrease in 2022 and a subsequent improvement in 2023. It is worth noting that a current ratio above 2 is generally considered healthy, indicating that the company has sufficient current assets to cover its short-term liabilities. Overall, the current ratio of Grand Canyon Education Inc has displayed positive trends in recent years, reflecting a favorable liquidity position.