Geo Group Inc (GEO)
Liquidity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.47 | 1.10 | 1.26 | 1.26 | 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 |
| Quick 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 |
| 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 |
Geo Group Inc's liquidity ratios have shown fluctuating trends over the past few years.
The current ratio, which measures the company's ability to cover its short-term liabilities with current assets, has generally been increasing since March 31, 2020. The ratio improved significantly from 1.24 on March 31, 2020, to 2.63 on June 30, 2022, indicating a strengthening liquidity position. However, there was a notable decline in the current ratio to 1.10 on September 30, 2024, suggesting a potential strain on the company's ability to meet its short-term obligations.
In contrast, the quick ratio, also known as the acid-test ratio, reflects the company's ability to meet its short-term liabilities with its most liquid assets. The quick ratio has displayed a more volatile pattern compared to the current ratio. The ratio ranged from a low of 0.15 on March 31, 2020, to a high of 1.72 on June 30, 2022. This indicates that Geo Group Inc may have periods of stronger or weaker liquidity depending on the composition of its current assets.
The cash ratio, which is the strictest measure of liquidity, assesses the company's ability to pay off its current liabilities with only its cash and cash equivalents. Similar to the quick ratio, the cash ratio has exhibited variability, with values ranging between 0.15 on March 31, 2020, and 1.72 on June 30, 2022. This suggests that the company has diversified levels of cash reserves relative to its current liabilities.
Overall, while Geo Group Inc has shown improvement in its liquidity position over the years, there are fluctuations in the ratios that may warrant further monitoring to ensure the company can effectively manage its short-term obligations.
Additional liquidity measure
| 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 conversion cycle | days | 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 |
The cash conversion cycle of Geo Group Inc has consistently remained at 0.00 days from March 31, 2020, to December 31, 2024. This suggests that the company efficiently manages its cash flow and working capital, as it takes very little time for Geo Group Inc to convert its investments in inventory and other resources into cash from sales. This implies that the company is effectively managing its liquidity and operating efficiently without tying up excess capital in its operations.