CoreCivic Inc (CXW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
CoreCivic Inc has consistently maintained a very strong solvency position based on its solvency ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been reported at 0.00 across all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has no long-term debt relative to its total assets, capital, and equity during this period.
Additionally, the Financial leverage ratio has consistently decreased over the quarters, from 3.01 on March 31, 2020, to 1.96 on December 31, 2024. This downward trend indicates that the company has been reducing its reliance on debt to finance its operations, which is a positive sign for its financial health and stability.
Overall, the solvency ratios reflect CoreCivic Inc's strong financial position, with minimal debt levels and improving financial leverage over the years, suggesting a lower risk of financial distress and greater ability to meet its long-term obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.36 | 2.49 | 2.30 | 2.16 | 2.31 | 2.22 | 3.12 | 2.88 | 2.86 | 2.86 | 2.27 | 2.40 | 1.98 | 1.33 | 1.19 | 1.19 | 1.80 | 2.52 | 2.78 | 3.13 |
CoreCivic Inc's interest coverage ratio has varied over the period provided, indicating the company's ability to cover its interest payments with operating income. The interest coverage ratio decreased from 3.13 in March 2020 to a low of 1.19 in March 2021 and June 2021, signaling a higher financial risk during that time. However, the ratio improved gradually, reaching 3.12 in June 2023, before slightly decreasing to 2.36 by December 2024.
A ratio below 1 suggests that the company is not generating enough operating income to cover its interest expenses, which could be a cause for concern for creditors and investors. It is important to note that an increasing trend in the interest coverage ratio indicates the company's improving ability to meet its interest obligations from operating earnings.
Overall, CoreCivic Inc's interest coverage ratio has shown fluctuations during the period, with efforts to gradually improve and stabilize it. Maintaining a healthy interest coverage ratio is essential for ensuring the company's financial stability and sustainability in meeting its debt obligations.