Grand Canyon Education Inc (LOPE)

Current 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
Total current assets	US$ in thousands	337,522	274,738	279,549	315,886	273,273	223,233	249,852	380,355	681,045	173,397	147,070	374,320	333,742	291,757	222,619	248,324	208,344	237,544	108,717	198,208
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
Current ratio		3.48	2.76	2.78	2.64	2.74	2.34	2.41	2.87	6.95	0.85	0.87	2.45	2.81	2.38	1.48	1.87	2.19	1.92	0.96	1.57

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 shown variability over the past eight quarters, ranging from 2.34 to 3.48. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position.

In the most recent quarter (Q4 2023), the current ratio stood at 3.48, which signifies that the company had $3.48 in current assets for every $1 in current liabilities. This indicates a robust liquidity position and suggests that Grand Canyon Education Inc should be able to easily meet its short-term obligations.

It is notable that the current ratio has generally been above 2.5 in the past few quarters, indicating consistent healthy liquidity levels. However, it's also important to consider the industry benchmarks when evaluating the current ratio to determine if the company's liquidity position aligns with industry standards. Additional analysis and comparison with competitors would provide further insights into Grand Canyon Education Inc's liquidity management.