CoreCivic Inc (CXW)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.96 | 2.10 | 2.27 | 2.55 | 2.67 |
CoreCivic Inc has consistently maintained a strong solvency position based on its solvency ratios. The company's Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not reported any long-term debt relative to its total assets, capital, or equity during this period.
Furthermore, the Financial leverage ratio, which measures the extent to which a company relies on debt financing, has shown a decreasing trend over the years. Starting at 2.67 on December 31, 2020, the ratio has decreased to 1.96 on December 31, 2024. This declining trend suggests that CoreCivic Inc has been reducing its reliance on debt and is becoming less leveraged over time.
Overall, based on the solvency ratios provided, CoreCivic Inc appears to be in a solid financial position with minimal debt levels relative to its assets, capital, and equity, demonstrating good solvency and financial stability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 2.36 | 2.31 | 3.07 | 2.12 | 1.72 |
CoreCivic Inc's interest coverage has shown improvement over the years based on the provided data. The interest coverage ratio, which indicates the company's ability to meet interest obligations from its earnings, was 1.72 as of December 31, 2020. By December 31, 2021, the ratio increased to 2.12, reflecting a better ability to cover interest expenses. Subsequently, the interest coverage ratio improved further to 3.07 by December 31, 2022, indicating a strong ability to pay interest charges from operating profits. However, there was a slight decrease in the ratio to 2.31 by December 31, 2023, followed by a minor increase to 2.36 by December 31, 2024. Overall, CoreCivic Inc's interest coverage has generally shown a positive trend over the years, with the company gradually strengthening its capacity to cover interest payments with its operating income.