CoreCivic Inc (CXW)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,493,350 | 1,477,570 | 1,432,410 | 1,372,470 | 1,390,170 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,493,350K)
= 0.00
CoreCivic Inc's debt-to-capital ratio has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not had any long-term debt or capital structure changes during this period. A debt-to-capital ratio of 0.00 implies that the company is financing its operations predominantly through equity rather than debt, which may be perceived positively by investors as it signifies a lower financial risk and less reliance on borrowing. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of CoreCivic Inc's overall financial health and stability.
Peer comparison
Dec 31, 2024