Geo Group Inc (GEO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 32,463 | 54,030 | 21,561 | 67,728 |
| Short-term investments | US$ in thousands | 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 | 32,418 | 33,728 | 27,358 | 2,328 |
| Receivables | US$ in thousands | 390,023 | 356,501 | 350,961 | 349,337 | 416,399 | 383,694 | 371,851 | 358,648 | 365,573 | 327,723 | 313,831 | 346,817 | 362,668 | 380,072 | 361,030 | 375,453 | 430,982 | 377,984 | 394,720 | 423,596 |
| 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 |
| Quick ratio | 1.42 | 1.45 | 1.54 | 1.49 | 1.17 | 1.32 | 2.67 | 2.55 | 2.30 | 2.20 | 2.18 | 1.60 | 1.64 | 1.13 | 1.17 | 1.13 | 1.25 | 1.14 | 1.08 | 0.70 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($93,971K
+ $135,968K
+ $390,023K)
÷ $437,464K
= 1.42
The quick ratio of Geo Group, Inc. has shown some fluctuations over the past eight quarters. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.
In the most recent quarter (Q4 2023), the quick ratio was 1.21, showing a slight decrease from the previous quarter but still above 1, indicating a strong ability to meet short-term obligations. The company has maintained a relatively stable quick ratio above 1 in the past few quarters, which is a positive sign.
Notable changes in the quick ratio occurred in Q2 and Q3 of 2022, where the quick ratio spiked to 2.58 and 2.45, respectively. This significant increase in the quick ratio during those quarters could indicate an increase in liquid assets relative to short-term liabilities, possibly due to better management of working capital or increased cash reserves.
Overall, Geo Group, Inc. has generally maintained a healthy quick ratio above the threshold of 1, suggesting a solid liquidity position and the ability to meet its short-term financial obligations. Investors and stakeholders may view this stability positively as it signals the company's financial health and ability to weather short-term financial challenges.
Peer comparison
Dec 31, 2023