Grand Canyon Education (FRA:GKD) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Grand Canyon Education LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Grand Canyon Education's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Grand Canyon Education's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.08). It may suggest that Grand Canyon Education is progressively becoming more dependent on debt to grow their business.

Grand Canyon Education LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grand Canyon Education's LT-Debt-to-Total-Asset 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.

* Premium members only.

Grand Canyon Education LT-Debt-to-Total-Asset Chart

Grand Canyon Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.07

0.04

0.08

0.10

Grand Canyon Education Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.10	0.10	0.08

Grand Canyon Education LT-Debt-to-Total-Asset Calculation

Grand Canyon Education's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	80.932	/	853.235
	=	0.09

Grand Canyon Education's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	79.084	/	952.725
	=	0.08

Grand Canyon Education (FRA:GKD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Grand Canyon Education LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Grand Canyon Education's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Grand Canyon Education (FRA:GKD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Canyon Education Inc (FRA:GKD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LOPE:USA 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.

Grand Canyon Education (FRA:GKD) Headlines

No Headlines