CoreCivic Inc (CXW)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,487 | 107,850 | 67,683 | 119,377 | 128,956 | 103,697 | 41,840 | 51,463 | 149,401 | 185,328 | 115,611 | 378,204 | 299,645 | 455,544 | 162,891 | 168,141 | 113,219 | 282,462 | 363,772 | 335,491 |
| Short-term investments | US$ in thousands | — | -9,714 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 285,797 | 274,702 | 266,466 | 364,553 | 297,454 | 304,367 | 273,638 | 271,938 | 450,751 | 473,227 | 474,813 | 363,075 | 340,968 | 387,363 | 316,603 | 385,408 | 313,405 | 317,376 | 293,947 | 353,256 |
| Cash ratio | 0.38 | 0.36 | 0.25 | 0.33 | 0.43 | 0.34 | 0.15 | 0.19 | 0.33 | 0.39 | 0.24 | 1.04 | 0.88 | 1.18 | 0.51 | 0.44 | 0.36 | 0.89 | 1.24 | 0.95 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($107,487K
+ $—K)
÷ $285,797K
= 0.38
The cash ratio of CoreCivic Inc has exhibited fluctuations over the reporting periods. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
CoreCivic Inc's cash ratio ranged from a low of 0.15 as of June 30, 2023, to a high of 1.24 as of June 30, 2020. The ratio generally stayed below 1, implying that the company may have had difficulty in meeting its short-term obligations solely with cash on hand. However, there were exceptions where the ratio exceeded 1, such as on June 30, 2020, and September 30, 2021, indicating improved liquidity positions during those periods.
Overall, the cash ratio of CoreCivic Inc has been volatile, reflecting the fluctuations in its cash and cash equivalents relative to its short-term liabilities. Further analysis and comparison with industry peers may provide additional insights into the company's liquidity management.
Peer comparison
Dec 31, 2024