Geo Group Inc (GEO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 500,179 | 528,505 | 555,008 | 943,908 | 711,323 |
| Total current liabilities | US$ in thousands | 340,223 | 437,464 | 437,212 | 378,842 | 411,296 |
| Current ratio | 1.47 | 1.21 | 1.27 | 2.49 | 1.73 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $500,179K ÷ $340,223K
= 1.47
The current ratio of Geo Group Inc has fluctuated over the past five years. It increased from 1.73 in December 2020 to 2.49 in December 2021, signaling improved short-term liquidity. However, there was a notable decrease in the current ratio in the subsequent years, dropping to 1.27 in December 2022, 1.21 in December 2023, and then slightly recovering to 1.47 in December 2024.
The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive indicator of financial health. Despite the fluctuations, the current ratio of Geo Group Inc has remained above 1 in all the years analyzed, suggesting that the company has generally had sufficient current assets to cover its short-term liabilities.
It is important for stakeholders to continue monitoring the company's current ratio to ensure ongoing liquidity and financial stability.
Peer comparison
Dec 31, 2024