CoreCivic Inc (CXW)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($107,487K
+ $—K
+ $—K)
÷ $285,797K
= 0.38
CoreCivic Inc has shown some fluctuation in its quick ratio over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Starting from March 2020, the quick ratio was at 0.95, indicating that the company had $0.95 in liquid assets for every $1 of current liabilities. The ratio improved to 1.24 in June 2020 but decreased to 0.89 by September 2020.
There was a significant drop in the quick ratio to 0.36 by December 2020, indicating a lower level of liquidity relative to short-term obligations. The ratio improved slightly in the following quarters, reaching 0.51 in June 2021 and 1.18 in September 2021, showing a better ability to cover short-term liabilities.
Subsequently, the quick ratio decreased to 0.88 by December 2021 but improved to 1.04 in March 2022. However, in June 2022, there was a significant decline to 0.24, indicating a potential liquidity concern.
The quick ratio continued to fluctuate in the following periods, with values ranging between 0.15 to 0.43. It reached 0.38 by December 2024. Overall, the quick ratio of CoreCivic Inc has experienced some variability, which may suggest fluctuations in the company's liquidity position and ability to meet short-term obligations.
Peer comparison
Dec 31, 2024