Perdoceo Education Corp (PRDO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 959,536 | 841,421 | 725,845 | 650,110 | 555,907 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $959,536K)
= 0.00
Perdoceo Education Corp has consistently maintained a debt-to-capital ratio of 0.00 across the years 2020 to 2024. This indicates that the company has not utilized debt as a significant component of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's financial obligations are entirely covered by its equity, implying a lower financial risk as there is no debt financing contributing to its capital. This stable debt-to-capital ratio reflects a conservative financial strategy that prioritizes minimizing debt levels and reducing financial leverage, which can enhance the company's financial stability and resilience to economic fluctuations.
Peer comparison
Dec 31, 2024