Strategic Education Inc (STRA)

Debt-to-assets 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
Long-term debt	US$ in thousands	61,400	61,247	101,309	101,344	101,396	141,234	141,437	141,743	141,630	141,593	141,748	141,798	141,823	—	—	—	0	—	—	—
Total assets	US$ in thousands	2,125,210	2,114,100	2,142,110	2,165,770	2,161,750	2,215,250	2,260,260	2,367,880	2,305,880	2,316,120	2,363,310	2,369,440	2,295,810	2,047,320	1,791,560	1,783,820	1,789,410	1,781,200	1,784,570	1,775,390
Debt-to-assets ratio		0.03	0.03	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $61,400K ÷ $2,125,210K
= 0.03

The debt-to-assets ratio for Strategic Education Inc has remained relatively stable over the past eight quarters, hovering around the range of 0.03 to 0.06. A lower debt-to-assets ratio indicates that the company has a lower proportion of debt relative to its total assets, which can be seen as a positive sign of financial health and lower financial risk.

The consistent low debt-to-assets ratio suggests that Strategic Education Inc has been managing its debt levels effectively and maintaining a healthy balance between debt and assets. This could imply that the company has a strong ability to meet its debt obligations and may have lower financial leverage compared to industry peers.

Overall, the stability of the debt-to-assets ratio over the quarters indicates a prudent approach to managing the company's capital structure and financial obligations by Strategic Education Inc.