Grand Canyon Education Inc (LOPE)

Quick 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
Cash US$ in thousands 324,623 263,584 241,317 196,208 146,475 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
Short-term investments US$ in thousands — — 100,498 94,485 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
Receivables US$ in thousands 83,553 118,206 34,958 137,248 80,315 108,245 33,719 105,535 85,761 104,759 34,694 102,006 75,179 96,910 21,218 92,553 63,777 93,192 22,238 79,075
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
Quick ratio 3.68 3.58 3.51 2.67 3.35 2.64 2.66 2.51 2.68 2.23 2.29 2.76 6.90 0.77 0.55 2.14 2.70 2.23 1.39 1.72

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, as reflected in the provided data, has shown fluctuations over the periods analyzed. The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets, was at a relatively healthy level of 1.72 as of March 31, 2020.

However, the quick ratio decreased to 0.55 by June 30, 2021, indicating a potential liquidity concern during that period. Subsequently, there was an improvement in the quick ratio to 6.90 by December 31, 2021, which was a significant positive development suggesting a very strong ability to cover short-term liabilities with liquid assets.

The quick ratio remained relatively stable above 2.00 for most periods from March 31, 2022, to June 30, 2024, indicating a solid liquidity position. Notably, there was a notable increase to 3.68 by December 31, 2024, indicating a further improvement in the company's ability to cover short-term liabilities with liquid assets.

Overall, the trend in Grand Canyon Education Inc's quick ratio suggests fluctuations in liquidity levels over time, with periods of both strength and potential concerns. It is important for stakeholders to continue monitoring the company's liquidity position to ensure it can meet its short-term obligations effectively.