What is Grand Canyon Education's interest coverage?

Grand Canyon Education (LOPE) reported interest coverage of 24,230.4× in Q2 2024.

What is the long-term trend for Grand Canyon Education's interest coverage?

Over 2 years (2020 to 2023), Grand Canyon Education's interest coverage has grown at a 994.7% compound annual growth rate (CAGR), from 63× to 7,553.2×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Grand Canyon Education LOPE Interest coverage

Interest coverage at other companies

Laureate Education, Inc.LAUR

36.4×+14.3×

PRD

Perdoceo EducationPRDO

32.9×-58.8×

GHC

Graham HoldingsGHC

4.7×+3.7×

ARD

Ardent Health PartnersARDT

6.4×-0.9×

Universal Technical InstituteUTI

12.9×+2.9×

BrightSpring Health Services, Inc.BTSG

2.4×+1.4×

Other financials

Income statement

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Revenue$308.8M+6.7%

Operating income$95.5M+8.5%

Net income$75.3M+5.2%

EPS (diluted)$2.80+11.1%

Balance sheet

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Cash & equivalents$96.1M-33.5%

Total debt$104.2M-1.1%

Total equity$696.2M-10.8%

Total assets$967.9M-6.2%

Cash flow

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Operating cash flow$88.2M+30.4%

CapEx$8.1M-9.2%

Free cash flow$80.1M+36.5%

Valuation

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Market cap$3.84B—

Enterprise value$3.84B—

P/E17.4×—

P/S3.4×—

Profitability

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Operating margin24.3%-2.3pp

Net margin19.5%-2.4pp

FCF margin25.2%—

Returns & leverage

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Return on equity29.8%-0.1pp

Debt / equity0.1×0.0×

Current ratio2.7×-0.7×

Where this comes from

Calculated from Grand Canyon Education’s reported figures.

ebit/interest expense=24,230.4×

Based on trailing twelve months.

The official record: Grand Canyon Education’s 10-Q, filed August 6, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Grand Canyon Education's interest coverage?: Grand Canyon Education (LOPE) reported interest coverage of 24,230.4× in Q2 2024.
What is the long-term trend for Grand Canyon Education's interest coverage?: Over 2 years (2020 to 2023), Grand Canyon Education's interest coverage has grown at a 994.7% compound annual growth rate (CAGR), from 63× to 7,553.2×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.