Strategic Education Inc (STRA)

Current 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
Total current assets	US$ in thousands	329,069	350,635	350,914	357,013	329,061	402,748	395,824	417,848	367,786	406,481	393,635	352,928	286,122	806,375	553,496	532,783	524,094	505,613	490,321	456,589
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
Current ratio		1.57	1.32	1.45	1.48	1.57	1.55	1.68	1.64	1.88	1.59	1.56	1.41	1.43	4.13	3.72	3.31	3.34	3.20	3.19	2.97

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 exhibited fluctuations over the past eight quarters. The ratio, which measures the company's ability to cover its short-term liabilities with its current assets, ranged from a low of 1.32 in Q3 2023 to a high of 1.68 in Q2 2022.

In Q4 2023, the current ratio improved to 1.57 compared to the previous quarter, indicating a stronger liquidity position. However, the increase in the current ratio in Q4 2023 may be attributed to a decrease in short-term liabilities or an increase in current assets.

It is essential to monitor the current ratio over time to assess the company's liquidity position and its ability to meet short-term obligations effectively. Fluctuations in the current ratio could signal changes in the company's financial health and warrant further investigation into the underlying factors driving these fluctuations.