CoreCivic Inc (CXW)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,487 | 121,845 | 149,401 | 299,645 | 113,219 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 285,797 | 297,454 | 450,751 | 340,968 | 313,405 |
| Cash ratio | 0.38 | 0.41 | 0.33 | 0.88 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($107,487K
+ $—K)
÷ $285,797K
= 0.38
CoreCivic Inc's cash ratio has shown fluctuations over the past five years.
As of December 31, 2020, the cash ratio was 0.36, indicating that the company had $0.36 in cash and cash equivalents for every $1 of current liabilities.
The cash ratio improved significantly by December 31, 2021, reaching 0.88. This could suggest that CoreCivic Inc strengthened its liquidity position by holding more cash relative to its short-term obligations.
However, there was a decline in the cash ratio to 0.33 by December 31, 2022. This decrease could signify potential challenges in managing liquidity or increased short-term liabilities.
The ratio slightly increased to 0.41 by December 31, 2023, showing a modest improvement in the company's ability to cover its current liabilities with cash on hand.
By December 31, 2024, the cash ratio was 0.38, indicating a relatively stable position compared to the previous year.
In conclusion, CoreCivic Inc's cash ratio has varied over the past five years, with fluctuations possibly reflecting changes in the company's liquidity management and financial position.
Peer comparison
Dec 31, 2024