CoreCivic Inc (CXW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,931,890 | 2,913,940 | 2,903,210 | 3,027,360 | 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 |
| 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 |
| Financial leverage ratio | 1.96 | 1.97 | 2.01 | 2.10 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,931,890K ÷ $1,493,350K
= 1.96
CoreCivic Inc's financial leverage ratio has been trending downwards over the years, indicating a decreasing reliance on debt to finance its operations. The ratio decreased from 3.01 as of March 31, 2020, to 1.96 as of December 31, 2024. This suggests that the company has been reducing its debt levels in relation to its equity, which can be positive as it lowers financial risk and enhances financial stability. Overall, the declining trend in the financial leverage ratio indicates improved financial health and a stronger balance sheet for CoreCivic Inc.
Peer comparison
Dec 31, 2024