Geo Group Inc (GEO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,725,500 | 1,789,270 | 1,845,650 | 1,883,960 | 1,933,140 | 1,961,400 | 2,574,060 | 2,626,470 | 2,625,960 | 2,629,010 | 2,632,330 | 2,494,990 | 1,933,140 | 2,343,340 | 2,371,560 | 2,370,890 | 2,408,300 | 2,355,720 | 2,354,530 | 2,433,430 |
| Total assets | US$ in thousands | 3,696,410 | 3,724,380 | 3,671,890 | 3,701,980 | 3,760,380 | 3,704,510 | 4,555,320 | 4,608,880 | 4,537,410 | 4,588,800 | 4,563,610 | 4,427,450 | 4,460,130 | 4,247,840 | 4,242,710 | 4,187,850 | 4,317,530 | 4,282,880 | 4,308,140 | 4,384,070 |
| Debt-to-assets ratio | 0.47 | 0.48 | 0.50 | 0.51 | 0.51 | 0.53 | 0.57 | 0.57 | 0.58 | 0.57 | 0.58 | 0.56 | 0.43 | 0.55 | 0.56 | 0.57 | 0.56 | 0.55 | 0.55 | 0.56 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,725,500K ÷ $3,696,410K
= 0.47
Based on the data provided for Geo Group, Inc.'s debt-to-assets ratio over the past eight quarters, we observe a gradual decline in the ratio from 0.64 in Q1 2022 to 0.48 in Q4 2023. This downward trend indicates an improvement in the company's ability to cover its debts with its assets. A lower debt-to-assets ratio suggests that the company has a lower level of debt relative to its total assets, which could signal improved financial health and lower financial risk. It is worth noting that the ratio has fluctuated between 0.48 and 0.64 during the period under review, potentially indicating varying levels of leverage and asset composition within the company. Overall, the decreasing trend in the debt-to-assets ratio suggests Geo Group, Inc. has been effectively managing its debt levels and optimizing its asset structure over the past two years.
Peer comparison
Dec 31, 2023