Perdoceo Education Corp (PRDO)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,007,320 | 957,368 | 847,433 | 721,517 | 599,146 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,007,320K
= 0.00
Perdoceo Education Corporation has consistently maintained a debt-to-assets ratio of 0.00 over the past five years, including as of December 31 of each year from 2019 to 2023. This indicates that the company has not relied on debt financing to fund its operations or investments and has instead financed its assets primarily through equity. A debt-to-assets ratio of 0.00 signals a strong financial position with minimal financial risk associated with debt obligations. Furthermore, this stability in the debt-to-assets ratio suggests that the company has been managing its balance sheet prudently and may be viewed favorably by creditors and investors for its conservative debt management approach.
Peer comparison
Dec 31, 2023