Perdoceo Education Corp (PRDO)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $959,536K
= 0.00
Perdoceo Education Corp has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt in relation to its equity. This suggests that the company's funding comes primarily from equity rather than borrowed funds.
Having a debt-to-equity ratio of 0.00 can be viewed positively as it implies that the company has a strong equity position and is not highly leveraged. It also signifies lower financial risk and a potentially more stable financial structure, as the company is not relying heavily on external debt to finance its operations or investments.
However, it is essential to consider the context and industry norms when interpreting a debt-to-equity ratio. While a low ratio like 0.00 can indicate financial stability and conservative financial management, it could also imply limited access to capital for potential growth opportunities. Comparing this ratio to industry benchmarks and analyzing the company's overall financial health can provide a more comprehensive assessment of Perdoceo Education Corp's financial leverage and risk profile.
Peer comparison
Dec 31, 2024