Perdoceo Education Corp (PRDO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,237,030 | 1,007,320 | 957,368 | 847,433 | 721,517 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,237,030K
= 0.00
Perdoceo Education Corp's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's total debt is negligible compared to its total assets, suggesting a strong financial position regarding leverage and solvency. This low ratio may indicate a lower financial risk for the company and potentially reflect conservative financial management strategies. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Perdoceo Education Corp's overall financial health and performance.
Peer comparison
Dec 31, 2024