Grand Canyon Education Inc (LOPE)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 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 | 0.06 | 0.12 | 0.12 | 0.12 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.08 | 0.07 | 0.05 | 0.00 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.13 | 0.14 | 0.14 |
| Debt-to-equity ratio | 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 | 0.07 | 0.15 | 0.16 | 0.16 |
| Financial leverage ratio | 1.30 | 1.33 | 1.31 | 1.33 | 1.31 | 1.33 | 1.30 | 1.30 | 1.17 | 1.20 | 1.20 | 1.19 | 1.17 | 1.18 | 1.20 | 1.20 | 1.17 | 1.27 | 1.26 | 1.27 |
Based on the solvency ratios of Grand Canyon Education Inc provided in the table, it is evident that the company has consistently maintained a strong financial position in terms of solvency.
The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all show a consistent trend of 0.00 across all quarters, indicating that the company has not relied heavily on debt to finance its operations relative to its assets, capital, or equity. This suggests a low level of financial risk and a strong ability to meet its financial obligations.
The financial leverage ratio, which measures the company's level of debt relative to its total assets, has remained relatively stable around 1.30 over the quarters. This indicates that the company has been able to maintain an appropriate balance between debt and equity financing.
Overall, the solvency ratios of Grand Canyon Education Inc reveal that the company has a solid financial foundation and is well-positioned to weather potential economic challenges or financial shocks.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7,869.94 | 10,456.00 | 10,561.91 | 11,384.81 | 120,060.50 | 198.22 | 138.26 | 111.94 | 93.00 | 106.38 | 102.41 | 93.22 | 76.68 | 49.76 | 39.41 | 32.84 | 29.07 | 36.45 | 44.20 | 75.41 |
Grand Canyon Education Inc's interest coverage ratio has displayed significant fluctuations over the past eight quarters, based on the data provided. The interest coverage ratio measures the company's ability to meet its interest obligations through its operating income. In Q4 2023, the interest coverage ratio was noted at 7,553.21, a substantial increase from the previous quarter's ratio of 10,088.96. However, this ratio remains comparatively high, indicating that the company's operating income is more than adequate to cover its interest expenses.
Looking further back, in Q1 2023, the interest coverage ratio was recorded at 11,167.24, marking a peak in coverage levels over the past two years. This suggests that Grand Canyon Education Inc had a robust ability to service its interest payments relative to its operating income during that quarter.
However, a notable anomaly occurred in Q4 2022, where the interest coverage ratio spiked to an exceptionally high level of 118,750.00. This significant surge may be attributed to abnormalities in the data or specific events affecting that quarter's financial performance.
It is also worth mentioning that there is missing data for Q3 and Q2 of 2022, which limits the complete analysis of the trend in interest coverage ratios.
In summary, Grand Canyon Education Inc has showcased varying levels of interest coverage over the past eight quarters, with certain quarters displaying exceptionally high ratios. The company's ability to cover interest expenses remains relatively strong, and ongoing monitoring of this ratio will be essential to assess the company's financial health and risk management.