Grand Canyon Education Inc (LOPE)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	419,976	393,375	389,825	444,453	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
Total current liabilities	US$ in thousands	110,966	106,551	107,467	160,126	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
Current ratio		3.78	3.69	3.63	2.78	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $419,976K ÷ $110,966K
= 3.78

Grand Canyon Education Inc's current ratio has fluctuated over the past few years. The current ratio represents the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

In the most recent period, as of December 31, 2024, Grand Canyon Education Inc had a current ratio of 3.78, indicating a strong ability to cover its short-term obligations. The current ratio has shown an overall increasing trend since the low point in June 2021 and has remained consistently above 2 since December 2021.

While a current ratio of 3.78 as of December 31, 2024, demonstrates healthy liquidity, it is essential to monitor changes in the ratio to ensure the company can continue to meet its short-term financial obligations effectively. Overall, the current ratio suggests that Grand Canyon Education Inc has maintained a strong financial position by effectively managing its current assets and liabilities.