Adtalem Global Education (Adtalem Global Education) Cash-to-Debt : 0.21 (As of Mar. 2024)

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What is Adtalem Global Education Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Adtalem Global Education's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.21.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Adtalem Global Education couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Adtalem Global Education's Cash-to-Debt or its related term are showing as below:

ATGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1 Max: No Debt
Current: 0.21

During the past 13 years, Adtalem Global Education's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 1.00.

ATGE's Cash-to-Debt is ranked worse than
84.35% of 262 companies
in the Education industry
Industry Median: 1.235 vs ATGE: 0.21

Adtalem Global Education Cash-to-Debt Historical Data

The historical data trend for Adtalem Global Education's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Adtalem Global Education Cash-to-Debt Chart

Adtalem Global Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.53

0.97

0.37

0.33

0.31

Adtalem Global Education Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.31	0.29	0.20	0.21

Competitive Comparison of Adtalem Global Education's Cash-to-Debt

For the Education & Training Services subindustry, Adtalem Global Education's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Adtalem Global Education's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Adtalem Global Education's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Adtalem Global Education's Cash-to-Debt falls into.

Adtalem Global Education Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Adtalem Global Education's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	273.689	/	(37.673	+	858.518)
	=	0.31

Adtalem Global Education's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	179.762	/	(32.475	+	807.823)
	=	0.21

Adtalem Global Education (NYSE:ATGE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Adtalem Global Education Cash-to-Debt Related Terms

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

Adtalem Global Education (Adtalem Global Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Adtalem Global Education Inc (NYSE:ATGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DVY:Germany

Address

500 West Monroe Street, Suite 28, Chicago, IL, USA, 60661

Website

https://www.adtalem.com

Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company runs eight colleges and universities that specialize in business, medicine, education, and nursing degree programs. DeVry Education Group has over 90 campuses as well as online courses that offer associate, bachelor, and postgraduate degrees. Enrollment in its business colleges represents almost half of overall student enrollment, followed by technology and healthcare. The company derives the majority of its revenue from student enrollment fees using federal financial aid programs such as Pell Fund grants.

Executives

Maurice Herrera	officer: Chief Marketing Officer	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Blake Simpson	officer: SVP, Chief Comms Officer	500 W. MONROE, SUITE 1300, CHICAGO IL 60661
Lisa W Wardell	director	5900 RYLAND DRIVE, BETHESDA MD 20817
Manjunath Gangadharan	officer: VP, Chief Accounting Officer	600 WEST CHICAGO AVE., STE 400, CHICAGO IL 60654
William W Burke	director	3868 MOCKINGBIRD LN, DALLAS TX 75205
Lyle Logan	director	ONE TOWER LANE, OAKBROOK TERRACE IL 60181
Evan Trent	officer: SVP, Chief Strat. & Transform	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
William V Krehbiel	director	500 W. MONROE, CHICAGO IL 60661
James Raymond Bartholomew	officer: President, DeVry University	2449 MARCY AVENUE, EVANSTON IL 60201
Michael Betz	officer: President, Walden University	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Cheryl James	officer: SVP, CHRO	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Sharon O'keefe	director	C/O VOCERA COMMUNICATIONS, INC., 525 RACE STREET, SAN JOSE CA 95126
Michael W Malafronte	director	INTERNATIONAL VALUE ADVISERS, LLC, 717 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10022
Georgette D. Kiser	director	1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Kenneth J Phelan	director	HUNTINGTON BANCSHARES INCORPORATED, 41 S. HIGH STREET, COLUMBUS OH 43215