Applying the Education and Skills Funding Agency’s way of scoring college financial health on the most recent available college accounts – for the academic year of 2017-18 – shows that about 14 per cent were in inadequate financial health at that point – about one in seven.
That is more than the previous year when it was one in eight. Of the 258 colleges for which data is available, 37 are inadequate and 58 require improvement. Only 71 were outstanding, with 92 good.
The ESFA’s scoring system considers solvency – the ratio between current assets and current liabilities, performance – earnings before interest, tax, depreciation, and amortization as a percentage of adjusted income, and borrowing as a percentage of adjusted income.
この記事は TES の September 20, 2019 版に掲載されています。
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