[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-587184-105":59,"doc-detail-587184-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","financial-ratios-for-universities-a-feasibility-study","Financial Ratios for Universities: A Feasibility Study","","Financial Ratios for Universities: A Feasibility Study examines how shifts in Canada’s higher-education financial and economic environment—such as the 2008/2009 recession, the COVID-19 pandemic, and reliance on international student tuition—created new pressures on university revenues and expenses. Using Statistics Canada’s FINUNI survey, the study calculates standardized financial ratios to compare institutions over time. The analysis evaluates dependencies on public and private funding, wage expense proportions, scholarships and bursary costs, and fixed and variable revenue and expense patterns, including changes before, during, and after the pandemic.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/financial-ratios-for-universities-a-feasibility-study/587184/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/financial-ratios-for-universities-a-feasibility-study/587184.png","ImageObject",300,407,{"name":92,"@type":93},"Fahsai","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":24},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What data source does the study use to calculate university financial ratios?","Question",{"text":112,"@type":113},"The study uses Statistics Canada’s FINUNI survey, applying standardized financial data from FINUNI to compute ratios.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which financial areas do the ratios aim to measure?",{"text":117,"@type":113},"The ratios measure dependency on private and public funding, the expense proportion of wages and salaries, scholarships and bursary expenses, and other key fixed and variable revenues and expenses.",{"name":119,"@type":110,"acceptedAnswer":120},"How does the analysis account for differences among universities?",{"text":121,"@type":113},"Results are analyzed by university size, whether a university is a member of the U15, and whether it is primarily a graduate or an undergraduate institution, highlighting associations with specific financial pressures.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},587184,1792437666,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":24,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},549768702563,"https://ap-avatar.wpscdn.com/avatar/8000c4aa63b76e948b?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786536092046926083","Catalogue no. 81‑595‑MISSN 2818‑7628  \nISBN 978‑0‑660‑78100‑6  \nEducation, Learning and Training Research Paper Series  \nFinancial Ratios for Universities: A Feasibility Study  \nby Andrija Popovic, Christopher Matias, Aisha Ali and André Lebel Release date: October 9, 2025  \nHow to obtain more information  \nFor information about this product or the wide range of services and data available from Statistics Canada, visit our website, [www.statcan.gc.ca](www.statcan.gc.ca).  \nYou can also contact us by  \nEmail at infostats@statcan.gc.ca  \nTelephone, from Monday to Friday, 8:30 a.m. to 4:30 p.m. , at the following numbers:  \n• Statistical Information Service 1‑800‑263‑1136  \n• National telecommunications device for the hearing impaired 1‑800‑363‑7629  \n• Fax line 1‑514‑283‑9350  \nStandards of service to the public  \nStatistics Canada is committed to serving its clients in a prompt, reliable and courteous manner. To this end, the Agency has developed standards of service which its employees observe in serving its clients. To obtain a copy of these service standards, please contact Statistics Canada toll‑free at 1‑800‑263‑1136. The service standards are also published on [www.statcan.gc.ca](www.statcan.gc.ca) under “Contact us” >“Standards of service to the public”.  \nNote of appreciation  \nCanada owes the success of its statistical system to along‑standing partnership between Statistics Canada, the citizens of Canada, its businesses, governments and other institutions. Accurate and timely statistical information could not be produced without their continued co‑operation and goodwill.  \nPublished by authority of the Minister responsible for Statistics Canada © His Majesty the King in Right of Canada, as represented by the Minister of Industry, 2025 Use of this publication is governed by the Statistics Canada Open Licence Agreement.  \nAn HTML version is also available.  \nCette publication est aussi disponible en français.  \nFinancial Ratios for Universities: A Feasibility Study  \nBy Andrija Popovic, Christopher Matias, Aisha Ali and André Lebel  \nIntroduction  \nThe financial and economic environment in which Canadian universities operate has evolved in the last two decades, which include the 2008/2009 recession, the COVID‑19 pandemic and the increased reliance on international student tuition fees as a source of revenue. During the 2020/2021 and 2021/2022 fiscal years, the impact of the pandemic forced universities to transition rapidly to virtual learning environments and to more thoroughly manage expenses to mitigate potential losses of tuition revenue related to travel restrictions affecting international students. The additional pressure of campus services being closed and residences operating at lower capacity negatively impacted other revenues sources as well1.  \nSeveral phenomena have impacted the finances of Canadian universities, and during the pandemic in February 2021, Laurentian University had to restructure their operations in order to remain financially viable. Following the pandemic, the increase in inflation placed pressure on costs for universities. In January 2024, the federal government announced a cap on the number of study permits, which will affect university finances in the 2024/2025 fiscal year and beyond. Given the rapidly changing fiscal environment, financial data from the Financial Information of Universities Survey (FINUNI) can shed light on fiscal pressures universities may face.  \nObjective  \nThis feasibility study uses Statistics Canada’s FINUNI survey to calculate financial ratios for universities. These ratios use standardized financial data from the FINUNI survey and allow comparisons from one institution to another andover time. These ratios will measure dependency on private and public funding, the expense proportion of wages and salaries, scholarships and bursary expenses, and other significant fixed and variable financial revenues and expenses. The analysis will be based on university size, whet","cbCaifEJJTCCeTUr","https://ap.wps.com/l/cbCaifEJJTCCeTUr","pdf",620222,11,"English","# Introduction\n## Objective\n## Methodology","[{\"question\":\"What data source does the study use to calculate university financial ratios?\",\"answer\":\"The study uses Statistics Canada’s FINUNI survey, applying standardized financial data from FINUNI to compute ratios.\"},{\"question\":\"Which financial areas do the ratios aim to measure?\",\"answer\":\"The ratios measure dependency on private and public funding, the expense proportion of wages and salaries, scholarships and bursary expenses, and other key fixed and variable revenues and expenses.\"},{\"question\":\"How does the analysis account for differences among universities?\",\"answer\":\"Results are analyzed by university size, whether a university is a member of the U15, and whether it is primarily a graduate or an undergraduate institution, highlighting associations with specific financial pressures.\"}]","Financial Ratios for Universities: A Feasibility Study | PDF",1792060935,28]