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 | ||
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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.
Peer comparison
Dec 31, 2024