CoreCivic Inc (CXW)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 449,818 | 416,120 | 383,010 | 426,300 | 474,914 | 419,965 | 353,722 | 355,972 | 513,670 | 529,963 | 505,244 | 680,760 | 627,384 | 729,442 | 491,249 | 753,378 | 717,122 | 593,987 | 668,406 | 659,901 |
| 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 |
| Current ratio | 1.57 | 1.51 | 1.44 | 1.17 | 1.60 | 1.38 | 1.29 | 1.31 | 1.14 | 1.12 | 1.06 | 1.87 | 1.84 | 1.88 | 1.55 | 1.95 | 2.29 | 1.87 | 2.27 | 1.87 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $449,818K ÷ $285,797K
= 1.57
CoreCivic Inc's current ratio has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The current ratio measures a company's ability to cover its short-term obligations with its short-term assets.
The current ratio ranged from a low of 1.06 as of June 30, 2022, to a high of 2.29 as of December 31, 2020. A current ratio above 1 indicates that the company has more current assets than current liabilities, implying it should be able to meet its short-term obligations.
It is important to note that a higher current ratio is generally preferred as it indicates a stronger ability to cover short-term obligations. However, a consistently very high current ratio may suggest that the company is not efficiently using its current assets or may have too much liquidity, which could be better utilized elsewhere.
Overall, although there have been fluctuations in CoreCivic Inc's current ratio over the period, it has generally remained above 1, indicating the company's ability to meet its short-term liabilities with its short-term assets.
Peer comparison
Dec 31, 2024