Perdoceo Education Corp (PRDO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 599,146 | 598,807 | 561,799 | 530,156 |
| 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, 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 across all quarters in the provided data. This suggests that the company has not utilized debt as a source of financing and has relied primarily on its assets to support its operations and investments. A debt-to-assets ratio of 0.00 indicates that the company's assets fully cover its liabilities without the need for debt financing. This could be a positive sign for investors and creditors as it indicates a strong financial position with low financial risk. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023