Strategic Education Inc (STRA)

Solvency ratios

	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
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
Debt-to-capital ratio	0.04	0.04	0.06	0.06	0.06	0.08	0.08	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
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
Financial leverage ratio	1.29	1.33	1.34	1.34	1.32	1.39	1.37	1.37	1.35	1.37	1.36	1.36	1.31	1.20	1.21	1.22	1.22	1.23	1.24	1.25

The solvency ratios of Strategic Education Inc indicate the company's ability to meet its long-term financial obligations and leverage its assets effectively to generate growth.

The debt-to-assets ratio has remained relatively stable over the quarters, indicating that only a small portion of the company's assets are financed by debt. This suggests a low level of financial risk as the company has a strong asset base to cushion against potential financial difficulties.

Similarly, the debt-to-capital and debt-to-equity ratios have also shown consistency over time, with the company maintaining a conservative level of debt relative to its total capital and equity. This implies that Strategic Education Inc relies more on its own funds than on borrowed funds to finance its operations, reducing its overall financial risk profile.

The financial leverage ratio, which measures the extent to which the company uses debt to finance its operations, has fluctuated but generally remained at a moderate level. This indicates that while the company utilizes some level of debt, it is not overly reliant on debt financing, striking a balance between utilizing debt for growth and maintaining financial stability.

Overall, the solvency ratios of Strategic Education Inc reflect a prudent approach to managing its financial structure, with a low level of debt relative to assets, capital, and equity. This conservative financial strategy helps mitigate risks and provides a solid foundation for sustainable long-term growth.

Coverage ratios

	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
Interest coverage	171.13	124.09	92.25	101.39	128.19	128.58	127.75	136.51	133.90	78.82	100.40	148.61	234.73	429.40	443.14	386.69	331.93	276.86	108.40	-35.82

I'm sorry, but without the actual data for interest coverage provided in the table, I am unable to analyze Strategic Education Inc's interest coverage. Please provide the specific interest coverage figures for each period so that I can offer a detailed analysis. Thank you.