Perdoceo Education Corp (PRDO)

Cash ratio

		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	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	700,678	238,049	127,852	125,807	118,009	165,639	140,533	89,845	109,408	147,120	148,749	190,443	319,982	266,400	87,343	86,031	105,684	58,120	91,536	37,932
Short-term investments	US$ in thousands	459,795	483,772	546,273	515,602	485,135	429,617	428,104	420,943	399,315	375,871	366,840	307,620	174,213	209,391	389,310	360,986	300,676	305,610	250,265	243,651
Total current liabilities	US$ in thousands	132,162	141,167	134,858	142,508	111,039	139,244	160,695	135,139	163,381	140,404	110,198	110,347	140,244	134,411	117,772	103,219	103,815	98,495	110,430	92,289
Cash ratio		8.78	5.11	5.00	4.50	5.43	4.27	3.54	3.78	3.11	3.72	4.68	4.51	3.52	3.54	4.05	4.33	3.91	3.69	3.10	3.05

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($700,678K + $459,795K) ÷ $132,162K
= 8.78

The cash ratio of Perdoceo Education Corp has shown fluctuations over the past few years.

From March 31, 2020, to September 30, 2021, the cash ratio remained within the range of 3.05 to 4.33, indicating the company had a comfortable level of cash on hand relative to its current liabilities during this period.

However, there was a notable increase in the cash ratio from March 31, 2022, to December 31, 2024. During this period, the cash ratio ranged from 3.11 to 8.78, with significant improvements in liquidity. This suggests the company had a stronger ability to cover its short-term liabilities with its available cash reserves.

The peak cash ratio of 8.78 as of December 31, 2024, indicates a substantial increase in the company's liquidity position, possibly due to improved cash management or increased cash reserves.

Overall, the trend of the cash ratio for Perdoceo Education Corp reflects varying levels of liquidity over the analyzed period, with notable improvements observed in recent years, which could indicate a stronger financial position and better capability to meet short-term obligations with cash on hand.