Perdoceo Education Corp (PRDO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 959,536 | 935,431 | 899,524 | 866,106 | 841,421 | 829,659 | 792,432 | 761,172 | 725,845 | 706,222 | 692,760 | 678,380 | 650,110 | 645,385 | 613,612 | 588,345 | 555,907 | 521,671 | 478,684 | 445,143 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $959,536K)
= 0.00
Perdoceo Education Corp's debt-to-capital ratio has been consistently at 0.00 for the period ranging from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this time frame. A debt-to-capital ratio of 0.00 means that the company's total debt is equal to zero compared to its total capital, which consists of both debt and equity.
Having a debt-to-capital ratio of 0.00 can be a positive indicator as it suggests that the company is not relying on debt financing to fund its operations or growth initiatives. Instead, the company may be using equity financing or retained earnings to support its activities. This could imply a lower risk of financial distress related to debt obligations and interest payments.
However, it is important to consider that a very low or zero debt-to-capital ratio may also point to missed opportunities for leveraging debt to potentially enhance returns on equity. It is essential to assess the company's overall financial strategy, including its liquidity position, profitability, and future capital allocation plans, to gain a holistic view of its financial health and performance.
Peer comparison
Dec 31, 2024