CoreCivic Inc (CXW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 107,487 | 121,845 | 149,401 | 299,645 | 113,219 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 285,797 | 297,454 | 450,751 | 340,968 | 313,405 |
| Quick ratio | 0.38 | 0.41 | 0.33 | 0.88 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($107,487K
+ $—K
+ $—K)
÷ $285,797K
= 0.38
CoreCivic Inc's quick ratio has shown fluctuations over the past five years, ranging from 0.33 to 0.88. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities. In 2021, the quick ratio improved to 0.88, implying that the company had a higher level of liquid assets relative to its current liabilities. However, this improvement was not sustained, as the ratio decreased in subsequent years. The ratio of 0.36 in 2020 and 0.38 in 2024 suggest that CoreCivic Inc may have faced challenges in maintaining sufficient liquid assets to cover its short-term obligations during those years. The company may need to assess its liquidity management strategies to ensure it can meet its financial commitments promptly.
Peer comparison
Dec 31, 2024