Perdoceo Education Corp (PRDO)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	360,385	353,025	320,940	282,181
Total current liabilities	US$ in thousands	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	103,813	132,140	128,482	92,621
Current ratio		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	3.47	2.67	2.50	3.05

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $654,964K ÷ $111,039K
= 5.90

Perdoceo Education Corporation's current ratio has shown fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

In Q4 2023, the current ratio was 5.90, indicating a strong ability to meet short-term obligations with current assets. This represents an increase from the previous quarter at 4.81, signifying improved liquidity.

Looking back further, the current ratio has varied, with Q2 2022 showing the lowest ratio at 4.00, while Q2 2022 had the highest ratio at 5.19. Overall, the trend has been generally positive, with some fluctuations.

A current ratio above 1 suggests that Perdoceo Education Corporation has more current assets than current liabilities, indicating a strong financial position in the short term. It is essential to continue monitoring the current ratio to ensure the company's ability to meet its short-term obligations.