Geo Group Inc (GEO)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 76,896 | 70,635 | 52,539 | 126,497 | 93,971 | 141,020 | 48,716 | 110,916 | 95,073 | 91,645 | 587,861 | 598,508 | 506,491 | 537,070 | 483,048 | 289,391 | 283,524 | 53,676 | 75,734 | 32,414 |
| Short-term investments | US$ in thousands | — | 147,774 | 141,312 | 141,378 | 135,968 | 130,729 | 136,497 | 129,832 | — | 89,760 | 81,392 | 84,886 | — | 60,732 | 45,465 | 39,924 | 26,740 | 40,970 | 32,703 | 27,271 |
| Total current liabilities | US$ in thousands | 340,223 | 441,638 | 388,863 | 420,929 | 437,464 | 433,326 | 347,208 | 396,098 | 437,212 | 427,425 | 389,205 | 408,371 | 378,842 | 420,605 | 385,732 | 423,056 | 411,296 | 421,877 | 400,921 | 385,319 |
| Cash ratio | 0.23 | 0.49 | 0.50 | 0.64 | 0.53 | 0.63 | 0.53 | 0.61 | 0.22 | 0.42 | 1.72 | 1.67 | 1.34 | 1.42 | 1.37 | 0.78 | 0.75 | 0.22 | 0.27 | 0.15 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($76,896K
+ $—K)
÷ $340,223K
= 0.23
The cash ratio of Geo Group Inc has shown fluctuations over the years, ranging from as low as 0.15 in March 2020 to as high as 1.72 in June 2022. The ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In recent periods, there has been a general improvement in the cash ratio, indicating a strengthening liquidity position for Geo Group Inc. However, there are certain quarters where the cash ratio dropped significantly, such as in September 2022 and December 2022, possibly due to changes in the company's cash holdings or short-term liabilities.
It is important for investors and analysts to monitor Geo Group Inc's cash ratio closely to assess its ability to meet its financial obligations in the short term and to ensure the company's overall financial health.
Peer comparison
Dec 31, 2024