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.
Peer comparison
Dec 31, 2023