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.
Peer comparison
Dec 31, 2023