CoreCivic Inc (CXW)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 449,818 | 474,914 | 513,670 | 627,384 | 717,122 |
| Total current liabilities | US$ in thousands | 285,797 | 297,454 | 450,751 | 340,968 | 313,405 |
| Current ratio | 1.57 | 1.60 | 1.14 | 1.84 | 2.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $449,818K ÷ $285,797K
= 1.57
The current ratio of CoreCivic Inc has shown a fluctuating trend over the past five years. As of December 31, 2020, the company had a current ratio of 2.29, indicating a strong ability to meet its short-term obligations with its current assets. However, by December 31, 2022, the current ratio decreased to 1.14, suggesting a potential weakening of the company's liquidity position.
Subsequently, there was an improvement in the current ratio to 1.60 as of December 31, 2023, indicating a better ability to cover short-term liabilities. However, the ratio slightly dropped to 1.57 by the end of 2024, which may indicate some challenges in managing current obligations efficiently.
Overall, the company's current ratio has shown variability, with fluctuations in liquidity levels over the years. It is important for CoreCivic Inc to closely monitor its current assets and liabilities to ensure a healthy balance between short-term obligations and available resources.
Peer comparison
Dec 31, 2024