Strategic Education Inc (STRA)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 329,069 329,061 367,786 286,122 524,094
Total current liabilities US$ in thousands 209,619 209,944 195,755 200,052 156,748
Current ratio 1.57 1.57 1.88 1.43 3.34

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $329,069K ÷ $209,619K
= 1.57

The current ratio of Strategic Education Inc has fluctuated over the past five years, ranging from a low of 1.43 in 2020 to a high of 3.34 in 2019. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to cover short-term liabilities. While the current ratio decreased slightly from 2019 to 2020, it improved in 2021 before remaining stable in the most recent two years at 1.57. Overall, Strategic Education Inc has maintained a current ratio above 1, which generally suggests sufficient liquidity to cover short-term obligations. Further analysis would be needed to assess the reasons behind the fluctuations in the current ratio over the specified period.


Peer comparison

Dec 31, 2023