CoreCivic Inc (CXW)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,083,480 | 1,055,590 | 1,058,820 | 1,092,620 | 1,084,860 | 1,113,940 | 1,148,680 | 1,483,950 | 1,492,050 | 1,586,360 | 1,480,290 | 1,719,120 | 1,747,660 | 2,043,690 | 2,227,320 | 2,236,430 | 1,928,020 | 1,521,780 | 1,569,120 | 1,828,110 |
| Total assets | US$ in thousands | 3,105,400 | 3,068,610 | 3,027,780 | 3,055,400 | 3,244,770 | 3,270,930 | 3,276,530 | 3,529,550 | 3,498,940 | 3,621,980 | 3,424,200 | 3,713,800 | 3,709,320 | 4,041,200 | 4,039,740 | 4,078,800 | 3,791,630 | 3,748,840 | 3,738,890 | 3,670,380 |
| Debt-to-assets ratio | 0.35 | 0.34 | 0.35 | 0.36 | 0.33 | 0.34 | 0.35 | 0.42 | 0.43 | 0.44 | 0.43 | 0.46 | 0.47 | 0.51 | 0.55 | 0.55 | 0.51 | 0.41 | 0.42 | 0.50 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,083,480K ÷ $3,105,400K
= 0.35
CoreCivic Inc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.35 to 0.43. This ratio indicates that, on average, the company finances around 35% to 43% of its assets with debt. A lower ratio suggests a lower level of financial risk, as the company relies less on borrowed funds to finance its operations. However, it's important to note that a higher ratio could indicate potential financial strain due to higher debt levels. The consistent level of the debt-to-assets ratio over time may suggest that CoreCivic Inc has maintained a balanced capital structure, managing its debt levels effectively in relation to its total assets.
Peer comparison
Dec 31, 2023