Perdoceo Education Corp (PRDO)

Debt-to-equity ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 841,421 829,659 792,432 761,172 725,845 706,222 692,760 678,380 650,110 645,385 613,612 588,345 555,907 521,671 478,684 445,143 431,295 401,944 381,248 380,322
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, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $841,421K
= 0.00

Perdoceo Education Corporation has consistently maintained a debt-to-equity ratio of 0.00 across all quarters in the past two years. This indicates that the company has not utilized any debt to finance its operations and investments, relying solely on equity for its capital structure. While a low or zero debt-to-equity ratio can be a positive sign of financial stability and lower financial risk, it is essential to consider the potential limitations of this metric, such as the impact on the company's ability to take advantage of debt financing for growth opportunities. Further analysis of the company's overall financial health and future growth strategies would provide a more comprehensive understanding of Perdoceo Education Corporation's capital structure and financial risk management.


Peer comparison

Dec 31, 2023