Geo Group Inc (GEO)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 76,896 93,971 95,073 506,491 283,524
Short-term investments US$ in thousands 26,740
Receivables US$ in thousands
Total current liabilities US$ in thousands 340,223 437,464 437,212 378,842 411,296
Quick ratio 0.23 0.21 0.22 1.34 0.75

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($76,896K + $—K + $—K) ÷ $340,223K
= 0.23

The quick ratio of Geo Group Inc has shown varying trends over the years. In December 2020, the quick ratio was 0.75, indicating that the company had $0.75 of liquid assets available to cover each dollar of current liabilities. This ratio improved significantly to 1.34 by December 2021, suggesting a stronger ability to meet short-term obligations with quick assets.

However, the quick ratio dropped notably to 0.22 in December 2022, signaling a potential liquidity strain as the company may struggle to fulfill its immediate liabilities using its most liquid assets. The ratio remained low in the subsequent years, with values of 0.21 in 2023 and 0.23 in 2024, indicating ongoing challenges in maintaining sufficient liquid assets relative to current liabilities.

Overall, the trend in Geo Group Inc's quick ratio highlights fluctuating liquidity levels and suggests a need for careful monitoring and management of short-term financial obligations to ensure financial stability and solvency.


Peer comparison

Dec 31, 2024

Company name
Symbol
Quick ratio
Geo Group Inc
GEO
0.23
CoreCivic Inc
CXW
0.38