Perdoceo Education has a Cash Ratio of 4.50. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Perdoceo Education's Cash Ratio or its related term are showing as below:
FRA:CE1'
s Cash Ratio Range Over the Past 10 Years
Min: 0.94 Med: 2.27 Max: 5.43
Current: 4.5
During the past 13 years, Perdoceo Education's highest Cash Ratio was 5.43. The lowest was 0.94. And the median was 2.27.
FRA:CE1's Cash Ratio is ranked better than 93.08% of 260
companies
in the Education industry
Industry Median: 0.705
vs FRA:CE1: 4.50
Perdoceo Education Cash Ratio Historical Data
The historical data trend for Perdoceo Education's Cash Ratio 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.
Competitive Comparison of Perdoceo Education's Cash Ratio
For the Education & Training Services subindustry, Perdoceo Education's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Perdoceo Education's Cash Ratio Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Perdoceo Education's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Perdoceo Education's Cash Ratio falls into.
Perdoceo Education Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Perdoceo Education's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Perdoceo Education (FRA:CE1) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Perdoceo Education Cash Ratio Related Terms
Thank you for viewing the detailed overview of Perdoceo Education's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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