Perdoceo Education Corp (PRDO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,237,030 | 1,116,760 | 1,078,240 | 1,051,960 | 1,007,320 | 1,026,030 | 1,013,670 | 963,012 | 957,368 | 899,203 | 856,061 | 843,827 | 847,433 | 836,419 | 786,419 | 750,365 | 721,517 | 683,751 | 655,099 | 606,526 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 consistently maintained a debt-to-assets ratio of 0.00 across all quarterly periods from March 31, 2020, to December 31, 2024. This indicates that the company's total debt levels were effectively non-existent relative to its total assets during this period. A debt-to-assets ratio of 0.00 implies that the company primarily funded its operations and investments using equity or retained earnings rather than borrowed funds. This may suggest that Perdoceo Education Corp had a strong financial position with low financial leverage and minimal financial risk associated with debt repayment obligations.
Peer comparison
Dec 31, 2024