Phoenix Education Partners, Inc. (PXED) Balance Sheet
PXED balance sheet, FY2025
August 31, 2025 · U.S. dollars$493.6M assets = $253.5M liabilities + $240.1M equity
Both columns are drawn to the same scale: what PXED owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PXED financial health
Descriptive bands, not a rating. Fiscal FY2025.
PXED balance sheet trends, FY2023–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $682.3MFY2023 | $493.6MFY2025 | −14.9%/yr | |
| Total liabilities | $378.9MFY2023 | $253.5MFY2025 | −18.2%/yr | |
| Shareholders’ equity | $283.9MFY2023 | $246.8MFY2025 | −6.8%/yr | |
| Cash & short-term investments | $251.2MFY2023 | $145.5MFY2025 | −23.9%/yr | |
| Total debt | $98.3MFY2023 | $73.3MFY2025 | −13.7%/yr | |
| Net cash (debt) | $152.9MFY2023 | $72.2MFY2025 | −$80.7M | |
| Working capital | $129.3MFY2023 | $103.9MFY2025 | −$25.4M | |
| Book value per share | $7.97FY2023 | $6.92FY2025 | −6.8%/yr | |
| Current ratio | 1.47FY2023 | 1.64FY2025 | +0.17 | |
| Debt / equity | 0.35FY2023 | 0.30FY2025 | −0.05 | |
| Shares outstanding | 35.6MFY2023 | 35.7MFY2025 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PXED assets
PXED liabilities and equity
PXED debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PXED balance sheet
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $145.5M | $313.7M | $251.2M |
| Cash & equivalents | $136.5M | $297.3M | $240.7M |
| Short-term investments | $9.0M | $16.3M | $10.6M |
| Receivables | $59.0M | $51.2M | $45.9M |
| Inventory | $0 | $0 | $0 |
| Other current assets | $61.5M | $76.5M | $104.8M |
| Total current assets | $265.9M | $441.5M | $401.9M |
| Property, plant & equipment (net) | $80.8M | $85.3M | $90.7M |
| Goodwill & intangible assets | $91.0M | $82.7M | $82.8M |
| Long-term investments | $12.8M | $10.4M | $11.1M |
| Other non-current assets | $43.0M | $75.3M | $95.7M |
| Total assets | $493.6M | $695.2M | $682.3M |
| Liabilities | |||
| Accounts payable | $25.7M | $33.5M | $23.3M |
| Short-term debt | $8.9M | $9.4M | $12.6M |
| Deferred revenue | $61.3M | $139.2M | $169.8M |
| Total current liabilities | $162.0M | $250.5M | $272.5M |
| Long-term debt | $0 | $0 | $0 |
| Lease obligations | $73.3M | $84.2M | $98.3M |
| Other long-term liabilities | $91.5M | $95.8M | $106.3M |
| Total liabilities | $253.5M | $346.3M | $378.9M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $246.7M | $327.3M | $284.1M |
| Accumulated other comprehensive income | $39,000 | $45,000 | −$234,000 |
| Minority interest | −$6.7M | $21.6M | $19.5M |
| Total shareholders' equity | $246.8M | $327.3M | $283.9M |
| Key figures | |||
| Total debt | $73.3M | $84.2M | $98.3M |
| Net cash (debt) | $72.2M | $229.5M | $152.9M |
| Working capital | $103.9M | $191.0M | $129.3M |
| Tangible book value | $155.7M | $244.6M | $201.0M |
| Book value per share | $6.92 | $9.19 | $7.97 |
| Shares outstanding | 35.7M | 35.6M | 35.6M |
| Current ratio | 1.64 | 1.76 | 1.47 |
| Quick ratio | 1.26 | 1.46 | 1.09 |
| Debt / equity | 0.30 | 0.26 | 0.35 |
| Equity / assets | 50.0% | 47.1% | 41.6% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Aug '24 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $233.0M | $238.1M | $203.2M | $145.5M | $212.7M | $313.7M |
| Cash & equivalents | $158.0M | $231.3M | $191.0M | $136.5M | $203.5M | $297.3M |
| Short-term investments | $75.1M | $6.8M | $12.2M | $9.0M | $9.2M | $16.3M |
| Receivables | $96.5M | $35.0M | $82.6M | $59.0M | $92.1M | $51.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $31.3M | $44.3M | $30.1M | $61.5M | $61.9M | $76.5M |
| Total current assets | $360.9M | $317.5M | $315.9M | $265.9M | $366.7M | $441.5M |
| Property, plant & equipment (net) | $74.8M | $76.8M | $78.8M | $80.8M | $81.6M | $85.3M |
| Goodwill & intangible assets | $89.2M | $89.8M | $90.4M | $91.0M | $91.6M | $82.7M |
| Long-term investments | $36.4M | $14.0M | $14.9M | $12.8M | $14.6M | $10.4M |
| Other non-current assets | $47.4M | $48.4M | $49.6M | $43.0M | $52.2M | $108.1M |
| Total assets | $608.6M | $546.4M | $549.6M | $493.6M | $606.8M | $728.0M |
| Liabilities | ||||||
| Accounts payable | $24.4M | $30.5M | $24.3M | $25.7M | $22.3M | $33.5M |
| Short-term debt | $9.8M | $9.5M | $9.2M | $8.9M | $8.7M | $9.4M |
| Deferred revenue | $95.2M | $51.5M | $73.4M | $61.3M | $103.2M | $139.2M |
| Total current liabilities | $188.4M | $157.7M | $168.0M | $162.0M | $184.9M | $250.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $65.7M | $68.3M | $70.8M | $73.3M | $75.7M | $84.2M |
| Other long-term liabilities | $93.8M | $95.1M | $98.4M | $91.5M | $97.4M | $128.6M |
| Total liabilities | $282.2M | $252.8M | $266.4M | $253.5M | $282.3M | $379.1M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $360,000 | $358,000 | $357,000 | $246.7M | $309.6M | $327.3M |
| Retained earnings (deficit) | $48.7M | $17.9M | $15.5M | — | — | — |
| Accumulated other comprehensive income | −$7,000 | $65,000 | $81,000 | $39,000 | −$39,000 | $45,000 |
| Minority interest | $2.2M | $2.4M | $2.7M | −$6.7M | $14.9M | — |
| Total shareholders' equity | $324.3M | $291.1M | $280.4M | $246.8M | $309.6M | $327.3M |
| Key figures | ||||||
| Total debt | $65.7M | $68.3M | $70.8M | $73.3M | $75.7M | $84.2M |
| Net cash (debt) | $167.3M | $169.8M | $132.4M | $72.2M | $137.0M | $229.5M |
| Working capital | $172.4M | $159.7M | $147.9M | $103.9M | $181.8M | $191.0M |
| Tangible book value | $235.1M | $201.4M | $190.0M | $155.7M | $218.0M | $244.6M |
| Book value per share | $8.36 | $7.49 | $7.21 | $6.92 | $8.70 | $9.19 |
| Shares outstanding | 38.8M | 38.9M | 38.9M | 35.7M | 35.6M | 35.6M |
| Current ratio | 1.92 | 2.01 | 1.88 | 1.64 | 1.98 | 1.76 |
| Quick ratio | 1.75 | 1.73 | 1.70 | 1.26 | 1.65 | 1.46 |
| Debt / equity | 0.20 | 0.23 | 0.25 | 0.30 | 0.24 | 0.26 |
| Equity / assets | 53.3% | 53.3% | 51.0% | 50.0% | 51.0% | 45.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 20, 2025); data from EODHD.
PXED financial position
At the end of fiscal 2025 (August 31, 2025), Phoenix Education Partners had total assets of $493.6 million (down 29.0% from a year earlier), total liabilities of $253.5 million and shareholders' equity of $246.8 million. It held $145.5 million in cash and short-term investments against $73.3 million of debt, a net cash position of $72.2 million. Its current ratio was 1.64. In the latest quarter (ended May 31, 2026) total assets were $608.6 million and equity $324.3 million.
Related: PXED income statement, PXED cash flow statement, PXED key metrics. See the PXED stock overview for the latest quote and news.
PXED balance sheet FAQ
What are Phoenix Education Partners's total assets?
Phoenix Education Partners reported total assets of $493.6 million at the end of fiscal 2025 (August 31, 2025), compared with $695.2 million a year earlier.
How much debt does Phoenix Education Partners have?
Phoenix Education Partners had $73.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.30.
How much cash does Phoenix Education Partners have?
Phoenix Education Partners held $145.5 million in cash and short-term investments at the end of fiscal 2025; with $73.3 million of debt that is net cash of $72.2 million.
What is Phoenix Education Partners's book value?
Phoenix Education Partners's shareholders' equity (book value) was $246.8 million at the end of fiscal 2025, or $6.92 per share.
What is Phoenix Education Partners's current ratio?
Phoenix Education Partners had current assets of $265.9 million and current liabilities of $162.0 million, a current ratio of 1.64 (it can cover its short-term obligations).
How much goodwill does Phoenix Education Partners have?
Phoenix Education Partners carried $91.0 million of goodwill and intangible assets, 18.4% of total assets, at the end of fiscal 2025.