Perdoceo Education Corp (PRDO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $959,536K
= 0.00
Based on the data provided, Perdoceo Education Corp has consistently maintained a debt-to-equity ratio of 0.00 for the years ending December 31, 2020 through December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity, implying that all financing is derived from equity rather than borrowed funds. This signifies that the company may be operating with a conservative financial structure, with minimal financial risk associated with debt obligations. Investors and creditors often view a low or zero debt-to-equity ratio favorably as it suggests sound financial health and stability.
Peer comparison
Dec 31, 2024