Geo Group Inc (GEO)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| 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 |
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 some fluctuations over the period analyzed. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, increased steadily from March 31, 2020, to June 30, 2022, indicating an improvement in the company's liquidity position. This suggests that the company had a stronger ability to cover its short-term liabilities with its quick assets during this period.
However, the quick ratio experienced a significant decline in the subsequent quarters, dropping to 0.42 as of September 30, 2022, and further decreasing to 0.22 by December 31, 2022. This sharp decline may raise concerns about the company's liquidity position and its ability to meet its short-term obligations.
The quick ratio then showed some improvement by March 31, 2023, reaching 0.61, but remained relatively volatile over the following quarters, fluctuating between 0.50 and 0.64. The ratio stabilized around 0.50 to 0.64 from June 30, 2023, to December 31, 2024.
Overall, while the quick ratio of Geo Group Inc showed some improvement in the early years of the analyzed period, it exhibited volatility and a decline in later periods, which may indicate potential challenges with liquidity management that the company needs to address. Investors and stakeholders should continue to monitor the company's liquidity position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024