CoreCivic Balance Sheet Health
Financial Health criteria checks 3/6
CoreCivic has a total shareholder equity of $1.5B and total debt of $1.1B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are $3.1B and $1.6B respectively. CoreCivic's EBIT is $170.8M making its interest coverage ratio 2.3. It has cash and short-term investments of $121.8M.
Key information
74.1%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$121.85m |
| Equity | US$1.48b |
| Total liabilities | US$1.63b |
| Total assets | US$3.11b |
Recent financial health updates
Does CoreCivic (NYSE:CXW) Have A Healthy Balance Sheet?
Jan 05
Is CoreCivic (NYSE:CXW) A Risky Investment?
May 10Here's Why CoreCivic (NYSE:CXW) Has A Meaningful Debt Burden
Jan 24Does CoreCivic (NYSE:CXW) Have A Healthy Balance Sheet?
Aug 25Is CoreCivic (NYSE:CXW) Using Too Much Debt?
Mar 02Recent updates
Is Now An Opportune Moment To Examine CoreCivic, Inc. (NYSE:CXW)?
Apr 15Estimating The Fair Value Of CoreCivic, Inc. (NYSE:CXW)
Apr 03CoreCivic, Inc.'s (NYSE:CXW) Shareholders Might Be Looking For Exit
Mar 02Returns On Capital At CoreCivic (NYSE:CXW) Paint A Concerning Picture
Jan 23CoreCivic: High FFO May Lead To A Debt-Free Status By 2028
Jan 12Does CoreCivic (NYSE:CXW) Have A Healthy Balance Sheet?
Jan 05Why CoreCivic, Inc. (NYSE:CXW) Could Be Worth Watching
Dec 19CoreCivic: Quarterly Revenue Surprise, New 2023 Contracts, And Cheap
Nov 17CoreCivic, Inc.'s (NYSE:CXW) Intrinsic Value Is Potentially 27% Above Its Share Price
Nov 08CoreCivic, Inc.'s (NYSE:CXW) Low P/E No Reason For Excitement
Sep 23CoreCivic: Having Successfully Executed Its Balance Sheet Plan, It May Be Time To Follow The Playbook Elsewhere
Aug 31Why CoreCivic, Inc. (NYSE:CXW) Could Be Worth Watching
Aug 10CoreCivic: A Risk Bound Investment
Jul 04Is CoreCivic (NYSE:CXW) A Risky Investment?
May 10When Should You Buy CoreCivic, Inc. (NYSE:CXW)?
Apr 12CoreCivic (NYSE:CXW) Could Be At Risk Of Shrinking As A Company
Feb 11Corecivic FFO of $0.42 beats by $0.09, revenue of $471.43M beats by $2.38M
Feb 08Here's Why CoreCivic (NYSE:CXW) Has A Meaningful Debt Burden
Jan 24When Should You Buy CoreCivic, Inc. (NYSE:CXW)?
Jan 03CoreCivic to redeem 4.625% senior notes due 2023
Dec 22CoreCivic (NYSE:CXW) Hasn't Managed To Accelerate Its Returns
Oct 13Is Now An Opportune Moment To Examine CoreCivic, Inc. (NYSE:CXW)?
Sep 25CoreCivic: 16% Buyback Yield Should Drive The Share Price Up Sharply
Sep 06Does CoreCivic (NYSE:CXW) Have A Healthy Balance Sheet?
Aug 25Corecivic FFO of $0.34 misses by $0.02, revenue of $456.7M misses by $3.36M
Aug 02What Does CoreCivic, Inc.'s (NYSE:CXW) Share Price Indicate?
May 30We Like The Quality Of CoreCivic's (NYSE:CXW) Earnings
May 12Investors Met With Slowing Returns on Capital At CoreCivic (NYSE:CXW)
Apr 07Is CoreCivic (NYSE:CXW) Using Too Much Debt?
Mar 02Pair Trade Revisited: Stay In The Long CoreCivic/Short GEO Group Trade
Dec 31Return Trends At CoreCivic (NYSE:CXW) Aren't Appealing
Dec 21Financial Position Analysis
Short Term Liabilities: CXW's short term assets ($474.9M) exceed its short term liabilities ($297.5M).
Long Term Liabilities: CXW's short term assets ($474.9M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: CXW's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: CXW's debt to equity ratio has reduced from 127.3% to 74.1% over the past 5 years.
Debt Coverage: CXW's debt is well covered by operating cash flow (21.2%).
Interest Coverage: CXW's interest payments on its debt are not well covered by EBIT (2.3x coverage).