Geo Group Inc (GEO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,291,770 | 1,259,900 | 1,233,710 | 1,200,360 | 1,166,400 | 1,111,860 | 1,071,110 | 1,022,080 | 976,211 | 1,018,880 | 986,181 | 941,256 | 913,102 | 933,283 | 945,250 | 958,346 | 996,830 | 1,007,790 | 1,022,270 | 1,027,560 |
| Debt-to-capital ratio | 0.57 | 0.59 | 0.60 | 0.61 | 0.62 | 0.64 | 0.71 | 0.72 | 0.73 | 0.72 | 0.73 | 0.73 | 0.68 | 0.72 | 0.72 | 0.71 | 0.71 | 0.70 | 0.70 | 0.70 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,725,500K ÷ ($1,725,500K + $1,291,770K)
= 0.57
The debt-to-capital ratio of Geo Group, Inc. has shown a decreasing trend from 0.74 in Q1 2022 to 0.58 in Q4 2023. This suggests that the company has been gradually reducing its reliance on debt to finance its operations and investments compared to its total capital structure. The lower ratio indicates a healthier financial position as the company has a lower proportion of debt relative to its total capital. It is important to note that while the ratio has fluctuated slightly over the quarters, the overall trend indicates a positive direction in managing the company's capital structure.
Peer comparison
Dec 31, 2023