Perdoceo Education Corp (PRDO)

Financial leverage 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
Total assets US$ in thousands 1,237,030 1,116,760 1,078,240 1,051,960 1,007,320 1,026,030 1,013,670 963,012 957,368 899,203 856,061 843,827 847,433 836,419 786,419 750,365 721,517 683,751 655,099 606,526
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
Financial leverage ratio 1.29 1.19 1.20 1.21 1.20 1.24 1.28 1.27 1.32 1.27 1.24 1.24 1.30 1.30 1.28 1.28 1.30 1.31 1.37 1.36

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,237,030K ÷ $959,536K
= 1.29

Perdoceo Education Corp's financial leverage ratio has shown some fluctuations over the given period, ranging from 1.19 to 1.37. The financial leverage ratio indicates the company's level of debt relative to its equity. A ratio above 1 suggests that the company has more debt than equity financing.

From March 31, 2020, to December 31, 2021, the ratio gradually decreased from 1.36 to 1.30, indicating potential reduction in debt or increase in equity during this period. Subsequently, there was a slight increase to 1.32 by December 31, 2022, followed by a decrease to 1.20 by December 31, 2023.

In the later periods, the ratio remained relatively stable around the 1.20-1.30 range. Notably, the ratio was at its lowest point of 1.19 by September 30, 2024, which could suggest a decrease in debt or an increase in equity relative to previous periods.

Overall, Perdoceo Education Corp's financial leverage ratio has exhibited some variability but generally maintained at a moderate level, indicating a balanced mix of debt and equity in its capital structure.