Study: Financial Ratios for Universities, 2016/2017 to 2022/2023

October 14, 2025

The financial and economic environment in which Canadian universities operate has evolved in the last two decades, marked by the COVID-19 pandemic and the increased reliance on international student tuition fees as a source of revenue. Statistics Canada is releasing a new feasibility study on financial ratios for Canadian universities using data from Statistics Canada’s Financial Information of Universities Survey from 2016/2017 to 2022/2023. This study can shed light on financial pressures universities have faced.

These ratios are analyzed over various university characteristics, such as size, belonging to the U15 Canada association and level (graduate or undergraduate). Universities are heterogeneous institutions, so these characteristics were chosen to group institutions into common groups for comparability. Larger universities have economies of scale compared with smaller universities, and U15 members and graduate universities likely have more focus on research and publication than undergraduate universities, which mostly focus on instruction.

Read More: https://educationnewscanada.com/article/education/level/university/1/1164260/study-financial-ratios-for-universities-2016-2017-to-2022-2023.html