Perdoceo Education Corp (PRDO)

Current 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
Total current assets US$ in thousands 640,154 773,524 732,481 706,023 654,964 669,590 643,394 585,445 575,119 582,315 571,794 556,203 554,453 537,144 549,145 506,053 467,061 416,854 394,061 332,293
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
Current ratio 4.84 5.48 5.43 4.95 5.90 4.81 4.00 4.33 3.52 4.15 5.19 5.04 3.95 4.00 4.66 4.90 4.50 4.23 3.57 3.60

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $640,154K ÷ $132,162K
= 4.84

Perdoceo Education Corp's current ratio has shown fluctuations over the analyzed periods. The current ratio is a liquidity ratio that measures the company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to December 31, 2024, the current ratio ranged from a low of 3.52 to a high of 5.90. The highest current ratio was observed on December 31, 2023, indicating that the company had $5.90 in current assets for every $1 in current liabilities, reflecting a strong liquidity position at that point in time.

The current ratio trended upward from March 31, 2020, to December 31, 2023, indicating an improvement in the company's ability to cover its short-term obligations. However, in the subsequent periods through the end of December 31, 2024, the current ratio declined, albeit remaining above the industry average.

Overall, the current ratio analysis suggests that Perdoceo Education Corp maintained a favorable liquidity position over the analyzed periods, with fluctuations reflecting varying levels of current assets relative to current liabilities. It is essential for the company to continue monitoring its current ratio to ensure it remains at levels that support its short-term financial obligations and operations.