Perdoceo Education Corp (PRDO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Perdoceo Education Corporation's solvency ratios suggest that the company has been maintaining a strong financial position with minimal debt relative to its assets, capital, and equity.
The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently been at 0.00 across all quarters, indicating that the company has no debt obligations in relation to its total assets, capital, or equity. This signifies a low level of financial risk and leverage for the company.
The financial leverage ratio has shown some variation over the quarters, ranging from 1.20 to 1.32. This ratio indicates the extent to which the company relies on debt to finance its operations. Despite the fluctuations, the ratios generally remain at modest levels, reflecting a relatively stable and sustainable capital structure.
Overall, the solvency ratios of Perdoceo Education Corporation demonstrate a conservative approach towards managing its debt levels and financial leverage, which may contribute to its financial stability and resilience in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 476.55 | 498.88 | 456.98 | 351.73 | 336.67 | 563.71 | 206.53 | 167.20 | 163.03 | 151.85 | 311.50 | 635.16 | 879.68 | 854.96 | 809.39 | 602.94 | 554.35 | 166.49 | 136.02 | 137.71 |
The interest coverage ratio for Perdoceo Education Corporation for Q1 2022 was very high at 15,209.20, implying that the company generated significant earnings compared to its interest expenses during that period. Unfortunately, without data for the subsequent quarters in 2022 and 2023, it is not possible to provide a trend analysis or assess any recent developments in the company's ability to cover its interest payments. It is essential for stakeholders to monitor this ratio over time to gauge the company's financial health and its ability to meet debt obligations.