Geo Group Inc (GEO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,632,080 | 3,696,410 | 3,760,380 | 4,537,410 | 4,460,130 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,632,080K
= 0.00
Based on the provided data, Geo Group Inc's debt-to-assets ratio has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not had any debt in relation to its total assets over this period. A debt-to-assets ratio of 0.00 suggests that Geo Group Inc has been funding its operations and investments primarily through equity and retained earnings rather than debt financing. While having no debt may indicate lower financial risk and less interest expense, it can also imply missed opportunities for leveraging financial leverage for potential growth. It's important to consider other factors such as the company's overall financial health, industry norms, and strategic objectives when evaluating the significance of this consistently low debt-to-assets ratio.
Peer comparison
Dec 31, 2024