Perdoceo Education Corp (PRDO)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 841,421 | 725,845 | 650,110 | 555,907 | 431,295 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $841,421K)
= 0.00
The debt-to-capital ratio of Perdoceo Education Corporation has consistently been 0.00 for the past five years, including as of December 31, 2023. This indicates that the company has not utilized debt to finance its operations relative to its total capital structure. A debt-to-capital ratio of 0.00 suggests that the company relies more on equity financing rather than borrowing to support its business activities. This could imply a conservative financial strategy aimed at minimizing interest expenses and financial risk. However, it is also important to consider the reasons behind the absence of debt in the capital structure and assess the potential implications for the company's growth and profitability in the long term.
Peer comparison
Dec 31, 2023