Perdoceo Education Corp (PRDO)

Financial leverage 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
Total assets	US$ in thousands	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	599,146	598,807	561,799	530,156
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
Financial leverage ratio		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	1.39	1.49	1.47	1.39

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,007,320K ÷ $841,421K
= 1.20

The financial leverage ratio of Perdoceo Education Corporation has ranged between 1.20 to 1.32 over the past eight quarters. The ratio indicates the degree to which the company is using debt to finance its operations compared to equity. A higher ratio suggests a higher proportion of debt in the capital structure.

The trend shows some fluctuations within a relatively narrow range, with the ratio peaking at 1.32 in Q4 2022 and hitting a low of 1.20 in Q4 2023. This fluctuation may indicate varied strategies in managing the company's capital structure over time.

Overall, the company's financial leverage ratio has remained relatively stable around the 1.24 to 1.28 range in recent quarters, implying a moderately leveraged position. Further analysis of the company's debt levels, growth plans, and profitability metrics would provide a better understanding of how the financial leverage ratio aligns with Perdoceo Education Corporation's overall financial health and strategic objectives.