Grand Canyon Education Inc (LOPE)

Debt-to-equity 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 stockholders’ equity US$ in thousands 783,853 764,137 759,195 759,447 718,014 650,530 645,425 659,250 637,619 591,556 606,638 706,437 1,045,050 1,400,780 1,542,680 1,588,680 1,574,330 1,520,980 1,489,390 1,448,010
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.08 0.07 0.05 0.00 0.04 0.04 0.05 0.05 0.06 0.07

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $783,853K
= 0.00

The debt-to-equity ratio of Grand Canyon Education Inc has shown a decreasing trend from 0.07 as of March 31, 2020, to 0.00 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing in comparison to equity over the period under consideration. In financial terms, the ratio implies that for every dollar of equity in the company, there is no debt by the end of 2024. This trend suggests that the company has been managing its debt levels effectively or may have paid down its debt significantly during these years. It is essential to note that a decreasing debt-to-equity ratio could signify a healthier financial position with reduced financial risk and potentially greater stability for the company.