American Public Education Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Public Education financial position
At the end of fiscal 2025, American Public Education reported total assets of $521.4 million, down 8.5% from a year earlier against total liabilities of $226.6 million. Shareholders' equity stood at $294.8 million, or 56.5% of assets. The company held $174.1 million in cash and equivalents against $94.7 million of debt, a net cash position of $79.4 million.
The current ratio (current assets divided by current liabilities) was 3.46, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.32.
Summary generated from market data by MetaCap's automated system. Methodology
American Public Education balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 174.09M | 131.93M | 116.66M | 102.52M | 149.63M | 227.69M | 202.74M | 212.13M | 179.21M | 146.35M |
| Short-Term Investments | 0 | — | — | — | — | — | — | — | — | — |
| Receivables | 65.66M | 62.47M | 50.97M | 42.35M | 36.03M | 17.65M | 11.32M | 14.06M | 7.14M | 6.95M |
| Total Current Assets | 259.82M | 260.57M | 217.38M | 186.09M | 202.64M | 251.81M | 222.91M | 232.57M | 191.13M | 158.63M |
| Property, Plant & Equipment | 70.60M | 73.38M | 87.50M | 100.89M | 102.42M | 68.43M | 78.50M | 86.88M | 95.25M | 97.69M |
| Goodwill | 59.59M | 59.59M | 59.59M | 112.59M | 243.49M | 26.56M | 26.56M | 33.90M | 33.90M | 33.90M |
| Intangible Assets | 28.22M | 28.22M | 31.54M | 54.73M | 85.08M | 3.72M | 3.72M | 4.04M | 4.61M | 5.20M |
| Total Assets | 521.42M | 570.10M | 557.39M | 615.06M | 725.61M | 371.02M | 354.90M | 370.96M | 339.04M | 315.62M |
| Accounts Payable | 4.82M | 7.85M | 8.66M | 3.81M | 13.50M | 3.76M | 3.55M | 9.11M | 8.84M | 6.85M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 8.75M | 0 | — | — | — | — |
| Total Current Liabilities | 75.05M | 79.16M | 73.99M | 70.76M | 83.68M | 55.06M | 45.28M | 44.33M | 43.35M | 42.17M |
| Long-Term Debt | 94.67M | 93.42M | 94.68M | 93.15M | 151.77M | 0 | — | — | — | — |
| Total Liabilities | 226.64M | 266.22M | 265.41M | 265.33M | 310.00M | 64.09M | 58.16M | 49.69M | 49.63M | 50.95M |
| Shareholders' Equity | 294.78M | 303.88M | 291.98M | 349.73M | 415.61M | 306.93M | 296.73M | 321.27M | 289.41M | 264.67M |
| Retained Earnings | -16.50M | -41.80M | -49.10M | 13.89M | 128.93M | 111.18M | 105.96M | 133.93M | 108.57M | 87.45M |
| Total Debt | 94.67M | 93.42M | 94.68M | 93.15M | 160.52M | 0 | — | — | — | — |
| Net Cash (Debt) | 79.43M | 38.50M | 21.98M | 9.37M | -10.89M | 227.69M | 202.74M | 212.13M | 179.21M | 146.35M |
| Shares Outstanding | 18.13M | 17.71M | 17.60M | 18.89M | 18.71M | 14.81M | 15.18M | 16.43M | 16.27M | 16.11M |
This table shows 10 annual periods of American Public Education's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow APEI's reporting calendar. What is a balance sheet?