Adtalem Global Education Inc (ATGE)

Debt-to-capital ratio

		Jun 30, 2025	Mar 31, 2025	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,433,620	1,432,710	1,438,910	1,389,950	1,369,140	1,320,960	1,369,400	1,378,660	1,457,340	1,510,380	1,522,720	1,510,040	1,505,070	1,491,310	1,287,890	1,265,180	1,301,070	1,306,220	1,313,780	1,330,970
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

June 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,433,620K)
= 0.00

The data indicates that Adtalem Global Education Inc's debt-to-capital ratio has consistently been zero across all reporting periods from September 30, 2020, through June 30, 2025. This persistent ratio of zero suggests that the company maintained an entirely equity-financed capital structure during this timeframe, without relying on long-term or short-term debt to fund its operations or growth initiatives. Such a financial stance reflects a conservative approach to leverage, indicating that the company may have prioritized maintaining a debt-free balance sheet or utilized internal cash flows for funding needs. This neutrality in leverage levels could influence the company's financial flexibility, risk profile, and perception among investors, potentially signaling stability and low financial risk but also possibly limiting growth opportunities related to debt financing.