Perdoceo Education Corp (PRDO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 640,154 | 654,964 | 575,119 | 554,453 | 467,061 |
| Total current liabilities | US$ in thousands | 132,162 | 111,039 | 163,381 | 140,244 | 103,815 |
| Current ratio | 4.84 | 5.90 | 3.52 | 3.95 | 4.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $640,154K ÷ $132,162K
= 4.84
The current ratio of Perdoceo Education Corp has shown a declining trend from 2020 to 2022, decreasing from 4.50 to 3.52. However, there was a significant improvement in 2023 when the ratio increased to 5.90, indicating a stronger ability to cover its short-term obligations with current assets. In 2024, the current ratio slightly decreased to 4.84 but still remained at a healthy level overall. The company's ability to meet its short-term liabilities improved notably in 2023, although it is essential to monitor the ratio going forward to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2024