Perdoceo Education Corp (PRDO)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($700,678K
+ $459,795K
+ $—K)
÷ $132,162K
= 8.78
The quick ratio of Perdoceo Education Corp has shown fluctuations over the reported periods, ranging from a low of 3.05 to a high of 8.78. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
In the initial periods, the quick ratio remained stable around 3.05 to 3.69. However, it started to increase significantly from March 31, 2021, reaching a peak of 8.78 by December 31, 2024. This substantial increase indicates that the company significantly improved its ability to cover its short-term obligations with liquid assets during this period.
It is essential to note that a very high quick ratio may also suggest that the company is holding on to excess liquid assets that could potentially be invested elsewhere to generate higher returns. Monitoring the quick ratio over time can provide insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024