My recent post on university debt presented data on total enrollment, total long-term debt and the debt to revenue ratio for 20 Ontario universities in 2012. I recently updated the numbers and was able to extend the data backwards to 2000 for many but not all of the same universities. For those of you who are interested in the results, feel free to read on.
Financial statements were available on the web for all of these universities but there are some gaps. The data is reasonably complete back to the early to mid 2000s with data available for about half of these universities all the way back to 2000. The universities were ranked according to their long-term debt to revenue ratios in 2012 from lowest to highest and then divided into quartiles. The first quartile were the five universities with the lowest debt to revenue ratios in 2012 and ranged from a low of 3.2 percent for Waterloo to a high of 20.6 for Ottawa U. The second quartile ranged from a low of 21 percent for Western to a high of 29.6 percent for Windsor. The third quartile ranged from a low of 30.2 percent for Toronto to a high of 45.4 percent for Trent. The last quartile ranged from a low of 48.4 percent for Nipissing to a high of 125.6 percent for UOIT. Figures are provided for each quartile with the highest debt revenue quartile (4th quartile) divided into two figures given the high initial level of the debt to revenue ratio for UOIT when it was created in 2005 made its inclusion with the others visually unappealing.
Enjoy! Will be taking a short break. See you in September!
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