CoreCivic Inc (CXW)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 1,376,750 | 1,383,200 | 1,382,590 | 1,382,410 |
| Debt-to-equity ratio | 0.73 | 0.72 | 0.74 | 0.77 | 0.76 | 0.79 | 0.84 | 1.07 | 1.09 | 1.18 | 1.15 | 1.36 | 1.26 | 1.45 | 1.61 | 1.65 | 1.40 | 1.10 | 1.13 | 1.32 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,083,480K ÷ $1,477,570K
= 0.73
The debt-to-equity ratio of CoreCivic Inc has shown a decreasing trend over the past four quarters, indicating a gradual decrease in the company's reliance on debt to finance its operations relative to its equity. The ratio has decreased from 0.88 in Q4 2022 to 0.75 in Q4 2023. This trend suggests an improvement in the company's financial structure and reduced financial risk, as a lower debt-to-equity ratio implies a lesser proportion of debt used to fund operations compared to equity. It may also indicate that CoreCivic Inc is effectively managing its debt levels and optimizing its capital structure to enhance financial stability and flexibility. However, investors should continue to monitor the trend in the debt-to-equity ratio to ensure sustainable financial health and prudent capital management.
Peer comparison
Dec 31, 2023