Geo Group Inc (GEO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.86 | 2.96 | 2.98 | 3.08 | 3.22 | 3.33 | 4.25 | 4.51 | 4.65 | 4.50 | 4.63 | 4.70 | 4.88 | 4.55 | 4.49 | 4.37 | 4.33 | 4.25 | 4.21 | 4.27 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,696,410K ÷ $1,291,770K
= 2.86
The financial leverage ratio of Geo Group, Inc. has been decreasing over the past few quarters, indicating a trend towards lower leverage. In Q4 2023, the financial leverage ratio was 2.86, a slight decrease from the previous quarter. This suggests that the company relies less on debt financing compared to Q1 2022 when the ratio was relatively higher at 4.51. Overall, the decreasing trend in the financial leverage ratio may indicate an effort by the company to reduce its financial risk and improve its financial stability. However, further analysis and consideration of other financial metrics are necessary to fully assess the company's capital structure and financial health.
Peer comparison
Dec 31, 2023