Geo Group Inc (GEO)
Debt-to-equity 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-equity ratio | 1.34 | 1.42 | 1.50 | 1.57 | 1.66 | 1.76 | 2.40 | 2.57 | 2.69 | 2.58 | 2.67 | 2.65 | 2.12 | 2.51 | 2.51 | 2.47 | 2.42 | 2.34 | 2.30 | 2.37 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,725,500K ÷ $1,291,770K
= 1.34
Geo Group, Inc.'s debt-to-equity ratio has been fluctuating over the past eight quarters. The ratio decreased from 1.70 in Q4 2022 to 1.38 in Q4 2023, which suggests an improvement in the company's leverage position as it indicates a decrease in debt relative to equity. However, the ratio has been on an upward trend since then, reaching a peak of 2.89 in Q1 2022. This increase may raise concerns about the company's financial health and ability to meet its debt obligations. Overall, Geo Group, Inc. has experienced varying levels of leverage over the quarters, indicating the need for careful monitoring of its debt management practices.
Peer comparison
Dec 31, 2023