Strategic Education Inc (STRA)

Quick 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	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
Receivables	US$ in thousands	76,102	105,279	92,092	71,860	62,953	81,676	75,937	64,798	51,590	87,923	79,109	64,069	52,498	47,458	42,204	42,635	52,823	60,034	59,158	52,042
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
Quick ratio		1.36	1.14	1.23	1.24	1.36	1.37	1.48	1.43	1.67	1.43	1.37	1.24	1.24	4.02	3.60	3.18	3.24	3.11	3.08	2.87

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($168,481K + $39,728K + $76,102K) ÷ $209,619K
= 1.36

The quick ratio of Strategic Education Inc for the last eight quarters has shown some fluctuations but generally remains above 1, indicating the company's ability to cover its short-term liabilities with its most liquid assets.

The quick ratio peaked at 1.68 in Q2 2022 and reached its lowest point at 1.27 in Q3 2023. It has been above 1 for all quarters, suggesting that the company has an adequate level of liquid assets to meet its short-term obligations without relying heavily on inventory.

Overall, the trend in the quick ratio over the quarters indicates that Strategic Education Inc has maintained a healthy liquidity position, which is essential for financial stability and meeting short-term financial obligations.