Strategic Education Inc (STRA)

Cash 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
Cash and cash equivalents	US$ in thousands	168,481	167,707	181,024	202,824	213,667	262,757	262,941	293,419	268,918	274,774	261,585	238,290	187,509	717,804	470,319	442,845	419,693	397,094	375,515	352,387
Short-term investments	US$ in thousands	39,728	28,960	25,468	24,490	9,156	11,387	8,854	6,785	6,501	2,632	4,040	6,455	7,557	20,457	23,106	26,842	34,874	33,455	39,288	36,486
Total current liabilities	US$ in thousands	209,619	265,491	242,087	241,709	209,944	259,917	235,633	254,836	195,755	255,648	252,189	249,757	200,052	195,295	148,884	160,888	156,748	157,830	153,819	153,517
Cash ratio		0.99	0.74	0.85	0.94	1.06	1.05	1.15	1.18	1.41	1.09	1.05	0.98	0.98	3.78	3.31	2.92	2.90	2.73	2.70	2.53

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($168,481K + $39,728K) ÷ $209,619K
= 0.99

The cash ratio of Strategic Education Inc has fluctuated over the past eight quarters, ranging from a low of 0.87 in Q3 2023 to a high of 1.39 in Q1 2022. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations.

In Q4 2023, the cash ratio was 1.21, showing an improvement from the previous quarter, indicating that the company had more cash on hand relative to its short-term liabilities. However, it is still lower than the peak ratio observed in Q1 2022.

Overall, the fluctuation in the cash ratio over the quarters may reflect changes in the company's cash management and liquidity position. It is important for investors and stakeholders to monitor these trends to assess the company's financial health and ability to meet its short-term obligations.