CoreCivic Inc (CXW)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,493,350 | 1,476,220 | 1,447,520 | 1,443,920 | 1,477,570 | 1,458,300 | 1,439,140 | 1,419,730 | 1,432,410 | 1,402,180 | 1,368,940 | 1,391,520 | 1,372,470 | 1,339,360 | 1,286,960 | 1,266,960 | 1,390,170 | 1,412,720 | 1,381,910 | 1,355,400 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,493,350K
= 0.00
CoreCivic Inc has consistently maintained a debt-to-equity ratio of 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any long-term debt during this period in relation to its shareholders' equity. A debt-to-equity ratio of 0.00 typically implies that the company is primarily financed through equity rather than debt. This could suggest a conservative financial strategy, lower financial risk, or strong equity position. It is important to note that a low or zero debt-to-equity ratio may also limit potential growth opportunities that could be achieved through leveraging.
Peer comparison
Dec 31, 2024