Strategic Education Inc (STRA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 137,074 | 168,481 | 213,667 | 268,918 | 187,509 |
| Short-term investments | US$ in thousands | 46,949 | 39,728 | 9,156 | 6,501 | 7,557 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 216,460 | 209,619 | 209,944 | 195,755 | 200,052 |
| Quick ratio | 0.85 | 0.99 | 1.06 | 1.41 | 0.98 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($137,074K
+ $46,949K
+ $—K)
÷ $216,460K
= 0.85
The quick ratio of Strategic Education Inc has shown fluctuations over the past five years. Starting at 0.98 in December 31, 2020, it increased to 1.41 by December 31, 2021, indicating an improvement in the company's ability to meet its short-term obligations with its most liquid assets. However, by December 31, 2022, the quick ratio decreased to 1.06, suggesting a slight decline in liquidity compared to the previous year. In December 31, 2023, the quick ratio further decreased to 0.99, raising concerns about the company's short-term liquidity position. The ratio fell to 0.85 by December 31, 2024, indicating a significant decrease in liquidity compared to the previous year. Overall, the quick ratio trend indicates some volatility in Strategic Education Inc's ability to cover its short-term liabilities with its quick assets over the years.
Peer comparison
Dec 31, 2024