Grand Canyon Education (Grand Canyon Education) Interest Expense

: $-0.0 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grand Canyon Education's interest expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Grand Canyon Education's Operating Income for the three months ended in Dec. 2023 was $ 97.8 Mil. Grand Canyon Education's Interest Expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Grand Canyon Education's Interest Coverage for the quarter that ended in Dec. 2023 was 16,299.83. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Grand Canyon Education Interest Expense Historical Data

The historical data trend for Grand Canyon Education's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grand Canyon Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-11.31

-4.40

-3.60

-0.03

Grand Canyon Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-	-0.02	-0.01	-	-0.01

Grand Canyon Education Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.0 Mil.

Grand Canyon Education (NAS:LOPE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Grand Canyon Education's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $97.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $88.3 Mil.

Grand Canyon Education's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	97.799	/	-0.006
	=	16,299.83

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Grand Canyon Education Inc has enough cash to cover all of its debt. Its financial situation is stable.

Grand Canyon Education (Grand Canyon Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Canyon Education Inc (NAS:LOPE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GKD:Germany

Address

2600 West Camelback Road, Phoenix, AZ, USA, 85017

Website

https://www.gcu.edu

Grand Canyon Education, Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's most significant university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online, on ground at its campus in Phoenix, Arizona and at four off-site classroom and laboratory sites. The Company generates all of its revenue through services agreements with its university partners.

Executives

Jack A Henry	director	C/O SIERRA BLANCA VENTURES, 1211 E. MISSOURI AVENUE, SUITE 222, PHOENIX AZ 85014
Lisa Graham Keegan	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Lori Browning	officer: Chief Accounting Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Kathy J. Claypatch	officer: Chief Information Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Sara R. Dial	director	3300 W. CAMELBACK ROAD, SCOTTSDALE AZ 85017
David Adame	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian E Mueller	officer: Chief Executive Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
William Stan Meyer	officer: Executive Vice President	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Joseph N Mildenhall	officer: Chief Information Officer	3300 W. CAMELBACK AVENUE, PHOENIX AZ 85017
Daniel E Bachus	officer: Chief Financial Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Dilek Marsh	officer: Chief Data Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Daniel J. Briggs	officer: Orbis Education, CEO	2600 WEST CAMELBACK ROAD, PHOENIX AZ 85017
Chevy Humphrey	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian M Roberts	officer: General Counsel	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Brent D. Richardson	director, 10 percent owner, officer: Executive Chairman	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017