Grand Canyon Education Inc (LOPE)

Debt-to-assets 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
Long-term debt US$ in thousands — — — — — — — — — 70,760 50,354 51,866 53,755 — 58,057 66,344 74,630 82,916 91,202 99,488
Total assets US$ in thousands 1,018,420 992,926 992,691 1,035,570 930,463 863,156 846,217 874,021 832,749 784,544 787,303 918,386 1,222,740 1,680,460 1,846,970 1,885,030 1,844,580 1,800,560 1,790,280 1,731,600
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.06 0.06 0.04 0.00 0.03 0.04 0.04 0.05 0.05 0.06

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,018,420K
= 0.00

Grand Canyon Education Inc's debt-to-assets ratio has shown a declining trend from 0.06 as of March 31, 2020, to 0.00 as of December 31, 2024. This indicates that the company has been effectively reducing its debt relative to its total assets over the years. A decreasing debt-to-assets ratio is generally a positive sign as it suggests lower financial risk and better financial health. It appears that Grand Canyon Education Inc has been able to manage its debt levels efficiently and has possibly focused on debt reduction or asset growth strategies. A debt-to-assets ratio of 0.00 as of December 31, 2024, suggests that the company's total debt is minimal compared to its total assets, which can be seen as a positive indicator of financial stability.