Strategic Education Inc (STRA)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,652,520 | 1,594,750 | 1,598,610 | 1,610,430 | 1,635,790 | 1,598,480 | 1,651,920 | 1,724,310 | 1,713,990 | 1,695,060 | 1,733,180 | 1,735,920 | 1,748,320 | 1,705,060 | 1,484,550 | 1,459,150 | 1,462,710 | 1,444,660 | 1,437,880 | 1,423,440 |
| Debt-to-equity ratio | 0.04 | 0.04 | 0.06 | 0.06 | 0.06 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $61,400K ÷ $1,652,520K
= 0.04
The debt-to-equity ratio of Strategic Education Inc has remained relatively stable over the past eight quarters, ranging from 0.04 to 0.09. This ratio indicates a low level of financial leverage, as the company's debt levels are minimal compared to its equity. The downward trend observed from Q2 2022 to Q1 2023 suggests a potential improvement in the company's financial position, as it reduced its reliance on debt financing during this period. Overall, the consistent low debt-to-equity ratio reflects a conservative financial strategy, which may indicate a lower risk of financial distress for the company.
Peer comparison
Dec 31, 2023