Strategic Education Inc (STRA)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 137,074 | 195,889 | 243,592 | 237,328 | 181,425 | 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 |
| Short-term investments | US$ in thousands | 46,949 | 26,182 | 26,128 | 31,448 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 216,460 | 285,840 | 253,439 | 261,723 | 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 |
| Quick ratio | 0.85 | 0.78 | 1.06 | 1.03 | 1.06 | 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 |
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 shows the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to December 31, 2023, the quick ratio of Strategic Education Inc ranged from 0.74 to 3.78, showing fluctuations in the company's liquidity position over time. The higher quick ratios in 2020 and 2021 indicate a strong ability to cover short-term obligations with liquid assets. However, the quick ratio dropped significantly to below 1 in the following quarters, specifically in December 2023, suggesting a potential strain on the company's liquidity.
In the most recent periods, the quick ratio has shown some recovery, ranging from 0.85 to 1.06 from March 31, 2024, to December 31, 2024. While the quick ratio has improved from the low point in December 2023, it still hovers around 1, indicating a relatively limited ability to cover short-term obligations solely with liquid assets.
Overall, the fluctuating trend in the quick ratio of Strategic Education Inc suggests varying levels of liquidity and highlights the importance of careful monitoring of the company's short-term financial position to ensure it can meet its obligations in a timely manner.
Peer comparison
Dec 31, 2024