Perdoceo Education (Perdoceo Education) Cash And Cash Equivalents : $118.0 Mil (As of Dec. 2023)

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What is Perdoceo Education Cash And Cash Equivalents?

Perdoceo Education's quarterly cash and cash equivalents increased from Jun. 2023 ($140.53 Mil) to Sep. 2023 ($165.64 Mil) but then stayed the same from Sep. 2023 ($165.64 Mil) to Dec. 2023 ($118.01 Mil).

Perdoceo Education's annual cash and cash equivalents declined from Dec. 2021 ($319.98 Mil) to Dec. 2022 ($109.41 Mil) but then increased from Dec. 2022 ($109.41 Mil) to Dec. 2023 ($118.01 Mil).

Perdoceo Education Cash And Cash Equivalents Historical Data

The historical data trend for Perdoceo Education's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

Perdoceo Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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108.69

105.68

319.98

109.41

118.01

Perdoceo Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															109.41	89.85	140.53	165.64	118.01

Perdoceo Education Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Perdoceo Education (NAS:PRDO) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Perdoceo Education Cash And Cash Equivalents Related Terms

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Perdoceo Education (Perdoceo Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Perdoceo Education Corp (NAS:PRDO) » Definitions » Cash And Cash Equivalents

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