CoreCivic Inc (CXW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.10 | 2.10 | 2.10 | 2.15 | 2.27 | 2.33 | 2.39 | 2.54 | 2.55 | 2.70 | 2.66 | 2.93 | 2.67 | 2.86 | 2.92 | 3.01 | 2.75 | 2.71 | 2.70 | 2.66 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,105,400K ÷ $1,477,570K
= 2.10
The financial leverage ratio of CoreCivic Inc has been relatively stable in recent quarters, ranging from 2.10 to 2.54. A financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing. A decreasing trend in the ratio from Q1 2022 to Q4 2023 suggests a slight improvement in the company's leverage position over time. However, the ratio remains relatively high, indicating a significant level of debt relative to equity in the company's capital structure. Investors and creditors may monitor this ratio closely to assess the company's debt repayment capacity and financial risk.
Peer comparison
Dec 31, 2023