CoreCivic Inc (CXW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,931,890 | 3,105,400 | 3,244,770 | 3,498,940 | 3,709,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,931,890K
= 0.00
CoreCivic Inc's debt-to-assets ratio has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its assets entirely with equity, without relying on debt. A debt-to-assets ratio of 0.00 signifies a strong financial position with low financial risk, as there is no debt that needs to be repaid from the company's assets. However, while this low ratio can be seen as positive, it may also suggest that CoreCivic Inc is not taking advantage of potential leverage that could enhance returns. It's important to assess the company's overall financial strategy and goals in conjunction with this ratio to understand the full context of its capital structure.
Peer comparison
Dec 31, 2024