CoreCivic Inc (CXW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 474,914 | 513,670 | 627,384 | 717,122 | 435,385 |
| Total current liabilities | US$ in thousands | 297,454 | 450,751 | 340,968 | 313,405 | 368,811 |
| Current ratio | 1.60 | 1.14 | 1.84 | 2.29 | 1.18 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $474,914K ÷ $297,454K
= 1.60
The current ratio of CoreCivic Inc has fluctuated over the past five years. In 2023, the current ratio improved to 1.60 from the previous year's 1.14, indicating that the company's ability to cover its short-term liabilities with current assets increased. However, the current ratio is still lower than the ratios in 2021 and 2020, when it was 1.84 and 2.29, respectively. In 2019, the company had the lowest current ratio of 1.18 in the given period. Overall, while the current ratio has shown some variability, CoreCivic Inc has maintained a relatively stable position in managing its short-term obligations with current assets over the years.
Peer comparison
Dec 31, 2023