Geo Group Inc (GEO)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 528,505 | 538,659 | 451,976 | 501,248 | 555,008 | 515,727 | 1,023,410 | 1,022,820 | 943,908 | 932,989 | 868,640 | 700,963 | 711,323 | 500,073 | 510,320 | 476,526 | 541,728 | 517,599 | 532,884 | 604,613 |
| Total current liabilities | US$ in thousands | 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 | 395,928 | 408,605 | 409,652 | 708,785 |
| Current ratio | 1.21 | 1.24 | 1.30 | 1.27 | 1.27 | 1.21 | 2.63 | 2.50 | 2.49 | 2.22 | 2.25 | 1.66 | 1.73 | 1.19 | 1.27 | 1.24 | 1.37 | 1.27 | 1.30 | 0.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $528,505K ÷ $437,464K
= 1.21
Geo Group, Inc.'s current ratio has shown some fluctuation over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its short-term assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities.
In the most recent quarter, the current ratio was 1.21, which indicates that the company may have slightly more current liabilities compared to its current assets. However, it is important to consider the trend over time. Looking back at the previous quarters, the trend has been relatively stable, staying within the range of 1.21 to 1.30.
The significant decrease in the current ratio in Q2 and Q1 of 2022, where it spiked to 2.63 and 2.50 respectively, could be an anomaly or a result of some specific transaction or event during that period.
In conclusion, Geo Group, Inc.'s current ratio has been relatively stable in the recent quarters, showing a slight decrease in the most recent quarter. Further analysis and comparison with industry benchmarks would be necessary to fully evaluate the company's liquidity position.
Peer comparison
Dec 31, 2023