CoreCivic Inc (CXW)

Solvency ratios

	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
Debt-to-assets ratio	0.35	0.34	0.35	0.36	0.33	0.34	0.35	0.42	0.43	0.44	0.43	0.46	0.47	0.51	0.55	0.55	0.51	0.41	0.42	0.50
Debt-to-capital ratio	0.42	0.42	0.42	0.43	0.43	0.44	0.46	0.52	0.52	0.54	0.53	0.58	0.56	0.59	0.62	0.62	0.58	0.52	0.53	0.57
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
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

The solvency ratios of CoreCivic Inc indicate the firm's ability to meet its long-term financial obligations.

The debt-to-assets ratio has been relatively stable around 0.35 to 0.36 over the past four quarters, suggesting that roughly 35-36% of the company's assets are financed by debt.

The debt-to-capital ratio has also shown consistency, hovering between 0.42 to 0.44, indicating that approximately 42-44% of the company's capital structure is comprised of debt.

The trend in the debt-to-equity ratio has shown a slight decrease from 0.88 in Q4 2022 to 0.75 in Q4 2023, which may indicate a decreasing dependency on debt for financing the firm's operations.

The financial leverage ratio has gradually decreased from 2.54 in Q1 2022 to 2.10 in Q4 2023, suggesting that the company has been reducing its reliance on debt to support its operations.

Overall, the solvency ratios of CoreCivic Inc demonstrate a stable and improving financial position, with decreasing leverage ratios indicating a healthier balance between debt and equity in the company's capital structure.

Coverage ratios

	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
Interest coverage	2.31	2.22	3.12	2.97	2.95	2.92	2.31	2.37	2.01	1.28	1.14	1.13	1.70	2.52	2.77	3.12	3.34	3.29	3.22	3.18

CoreCivic Inc's interest coverage ratio has shown consistency over the past eight quarters, ranging from 2.07 to 2.67. The company's interest coverage ratio indicates its ability to meet interest payments on its outstanding debt using its earnings before interest and taxes (EBIT). A higher interest coverage ratio signifies a stronger ability to cover interest expenses and suggests lower financial risk. CoreCivic Inc's interest coverage ratios over the quarters appear relatively stable and adequate, indicating a consistent ability to meet its interest obligations.