Grand Canyon Education Inc (LOPE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 83,553 | 80,315 | 85,761 | 75,179 | 63,777 |
| Total current liabilities | US$ in thousands | 110,966 | 97,033 | 99,706 | 97,944 | 118,718 |
| Quick ratio | 3.68 | 3.35 | 2.68 | 6.90 | 2.70 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($324,623K
+ $—K
+ $83,553K)
÷ $110,966K
= 3.68
The quick ratio of Grand Canyon Education Inc has shown fluctuations over the past five years. In December 2020, the quick ratio was 2.70, indicating the company had $2.70 of liquid assets available to cover each dollar of current liabilities.
By December 2021, the quick ratio had significantly improved to 6.90, suggesting a substantial increase in the company's ability to meet short-term obligations with its most liquid assets. This may indicate efficient management of working capital or increased cash reserves.
However, in the following years, the quick ratio decreased to 2.68 in December 2022, rebounded to 3.35 in December 2023, and further improved to 3.68 in December 2024. These fluctuations suggest potential changes in the company's liquidity position, possibly influenced by variations in current assets and liabilities.
Overall, Grand Canyon Education Inc's quick ratio has generally remained above 1 throughout the period, indicating a healthy liquidity position and the ability to meet short-term financial commitments. Monitoring this ratio over time can provide valuable insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024