Perdoceo Education (Perdoceo Education) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Perdoceo Education LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Perdoceo Education's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Perdoceo Education's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that Perdoceo Education is progressively becoming less dependent on debt to grow their business.

Perdoceo Education LT-Debt-to-Total-Asset Historical Data

The historical data trend for Perdoceo Education's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Perdoceo Education LT-Debt-to-Total-Asset Chart

Perdoceo Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.09

0.06

0.04

0.03

0.02

Perdoceo Education Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.02	0.02	0.02

Perdoceo Education LT-Debt-to-Total-Asset Calculation

Perdoceo Education's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	21.346	/	1007.316
	=	0.02

Perdoceo Education's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	16.701	/	1051.965
	=	0.02

Perdoceo Education (NAS:PRDO) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Perdoceo Education LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Perdoceo Education's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Perdoceo Education (Perdoceo Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Perdoceo Education Corp (NAS:PRDO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CE1:Germany

Address

1750 E. Golf Road, Schaumburg, IL, USA, 60173

Website

https://www.perdoceoed.com

Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company's important segment is its online universities, which include the American InterContinental University, and Colorado Technical University. These online universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services. Career Education Corporation is focusing on its online universities as it continues to reduce its on-campus program offerings. The majority of the company's revenue comes from the Colorado Technical University segment.

Executives

Todd S Nelson	director, officer: President & CEO	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
John Robert Kline	officer: SVP, AIU	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Michele A Peppers	officer: Principal Accounting Officer	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Andrew Hurst	officer: SVP	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Ashish R Ghia	officer: Interim CFO	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
David C. Czeszewski	officer: SVP, CIO	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Patrick W Gross	director
Gregory L. Jackson	director	909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Leslie T Thornton	director	3921 COURTLAND CIRCLE, ALEXANDRIA VA 22305
Thomas B Lally	director	231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Elise Baskel	officer: SVP, CTU	1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Greg E. Jansen	officer: SVP, General Counsel	1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Jeffrey David Ayers	officer: SVP	PERDOCEO EDUCATION CORPORATION, 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Alan Dupree Wheat	director	PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Richard D Wang	director	C/O TENZING GLOBAL MANAGEMENT LLC, 388 MARKET STREET SUITE 860, SAN FRANCISCO CA 94111