Perdoceo Education Corp (PRDO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $841,421K
= 0.00
The debt-to-equity ratio of Perdoceo Education Corporation has consistently been reported as 0.00 over the past five years, from 2019 to 2023. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity financing during this period. A debt-to-equity ratio of 0.00 suggests that the company has no financial leverage and is not exposed to the risks associated with debt financing. While this may indicate a lower level of financial risk, it also implies potential missed opportunities for leveraging debt to fund growth or take advantage of tax benefits associated with interest payments. It would be essential to further investigate the company's capital structure and financing strategies to understand the rationale behind this consistent trend of zero debt-to-equity ratio.
Peer comparison
Dec 31, 2023