CoreCivic Long Term Debt vs Other Current Assets Analysis

CXW Stock

USD 15.06 0.09 0.60%

CoreCivic financial indicator trend analysis is way more than just evaluating CoreCivic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CoreCivic is a good investment. Please check the relationship between CoreCivic Long Term Debt and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.

Long Term Debt vs Other Current Assets

Long Term Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CoreCivic Long Term Debt account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between CoreCivic's Long Term Debt and Other Current Assets is 0.33. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of CoreCivic, assuming nothing else is changed. The correlation between historical values of CoreCivic's Long Term Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of CoreCivic are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Debt i.e., CoreCivic's Long Term Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that CoreCivic has held for over one year. Long-term debt appears on CoreCivic balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on CoreCivic balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from CoreCivic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CoreCivic current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.Selling General Administrative is likely to climb to about 142.9 M in 2024. Tax Provision is likely to climb to about 31.6 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	525.6M	431.5M	306.9M	342.0M
Total Revenue	1.9B	1.8B	1.9B	1.1B

Gross Profit Total Revenue

CoreCivic fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Other Assets	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.94	0.11	0.84	0.93	0.92	0.92	-0.39	0.33	0.99	0.35	0.33	0.92	0.98	0.96	0.85	0.7	0.97	0.61	0.77	0.2	0.68	0.56	0.04	0.02	0.28
Short Long Term Debt Total	0.94		0.03	0.79	0.77	0.84	0.99	-0.48	0.26	0.94	0.35	0.26	0.78	0.88	0.99	0.76	0.63	0.99	0.47	0.7	0.16	0.7	0.64	0.08	0.18	0.22
Other Current Liab	0.11	0.03		0.38	0.06	-0.1	-0.09	-0.24	0.77	0.04	0.71	0.77	0.26	0.15	0.08	0.01	-0.21	0.14	0.36	0.44	0.71	-0.57	0.58	0.04	0.13	0.53
Total Current Liabilities	0.84	0.79	0.38		0.72	0.67	0.74	-0.67	0.45	0.82	0.6	0.45	0.82	0.86	0.79	0.74	0.53	0.85	0.66	0.71	0.58	0.49	0.67	0.3	0.32	0.43
Total Stockholder Equity	0.93	0.77	0.06	0.72		0.94	0.75	-0.16	0.23	0.93	0.16	0.23	0.92	0.95	0.8	0.81	0.77	0.81	0.62	0.64	0.1	0.64	0.3	-0.1	-0.21	0.17
Property Plant And Equipment Net	0.92	0.84	-0.1	0.67	0.94		0.85	-0.17	0.06	0.95	-0.02	0.06	0.8	0.91	0.83	0.79	0.88	0.83	0.48	0.48	-0.04	0.75	0.25	-0.16	-0.14	-0.01
Net Debt	0.92	0.99	-0.09	0.74	0.75	0.85		-0.44	0.12	0.93	0.23	0.12	0.73	0.85	0.97	0.75	0.67	0.96	0.4	0.62	0.1	0.76	0.57	0.04	0.16	0.11
Retained Earnings	-0.39	-0.48	-0.24	-0.67	-0.16	-0.17	-0.44		-0.45	-0.36	-0.63	-0.45	-0.27	-0.44	-0.46	-0.23	-0.21	-0.51	-0.42	-0.45	-0.37	-0.31	-0.59	-0.75	-0.85	-0.6
Cash	0.33	0.26	0.77	0.45	0.23	0.06	0.12	-0.45		0.24	0.86	1.0	0.44	0.37	0.34	0.21	-0.15	0.37	0.68	0.68	0.41	-0.26	0.57	0.22	0.16	0.85
Non Current Assets Total	0.99	0.94	0.04	0.82	0.93	0.95	0.93	-0.36	0.24		0.25	0.24	0.9	0.97	0.95	0.85	0.76	0.95	0.58	0.68	0.14	0.73	0.48	0.01	0.0	0.18
Non Currrent Assets Other	0.35	0.35	0.71	0.6	0.16	-0.02	0.23	-0.63	0.86	0.25		0.86	0.44	0.36	0.4	0.26	-0.25	0.44	0.63	0.72	0.71	-0.2	0.76	0.37	0.33	0.83
Cash And Short Term Investments	0.33	0.26	0.77	0.45	0.23	0.06	0.12	-0.45	1.0	0.24	0.86		0.44	0.37	0.34	0.21	-0.15	0.37	0.68	0.68	0.41	-0.26	0.57	0.22	0.16	0.85
Net Receivables	0.92	0.78	0.26	0.82	0.92	0.8	0.73	-0.27	0.44	0.9	0.44	0.44		0.93	0.82	0.82	0.55	0.85	0.75	0.78	0.33	0.51	0.49	0.02	-0.18	0.35
Common Stock Shares Outstanding	0.98	0.88	0.15	0.86	0.95	0.91	0.85	-0.44	0.37	0.97	0.36	0.37	0.93		0.9	0.84	0.74	0.92	0.7	0.74	0.23	0.66	0.5	0.08	0.04	0.35
Non Current Liabilities Total	0.96	0.99	0.08	0.79	0.8	0.83	0.97	-0.46	0.34	0.95	0.4	0.34	0.82	0.9		0.8	0.59	0.99	0.52	0.77	0.16	0.66	0.65	0.08	0.13	0.3
Other Current Assets	0.85	0.76	0.01	0.74	0.81	0.79	0.75	-0.23	0.21	0.85	0.26	0.21	0.82	0.84	0.8		0.51	0.81	0.56	0.64	0.21	0.63	0.32	0.01	-0.13	0.24
Other Stockholder Equity	0.7	0.63	-0.21	0.53	0.77	0.88	0.67	-0.21	-0.15	0.76	-0.25	-0.15	0.55	0.74	0.59	0.51		0.6	0.31	0.19	-0.18	0.73	0.05	-0.04	0.05	-0.13
Total Liab	0.97	0.99	0.14	0.85	0.81	0.83	0.96	-0.51	0.37	0.95	0.44	0.37	0.85	0.92	0.99	0.81	0.6		0.56	0.79	0.24	0.65	0.68	0.12	0.17	0.33
Property Plant And Equipment Gross	0.61	0.47	0.36	0.66	0.62	0.48	0.4	-0.42	0.68	0.58	0.63	0.68	0.75	0.7	0.52	0.56	0.31	0.56		0.59	0.36	0.21	0.31	0.11	-0.1	0.66
Total Current Assets	0.77	0.7	0.44	0.71	0.64	0.48	0.62	-0.45	0.68	0.68	0.72	0.68	0.78	0.74	0.77	0.64	0.19	0.79	0.59		0.43	0.25	0.78	0.18	0.1	0.7
Short Term Debt	0.2	0.16	0.71	0.58	0.1	-0.04	0.1	-0.37	0.41	0.14	0.71	0.41	0.33	0.23	0.16	0.21	-0.18	0.24	0.36	0.43		-0.31	0.64	0.12	0.19	0.39
Accounts Payable	0.68	0.7	-0.57	0.49	0.64	0.75	0.76	-0.31	-0.26	0.73	-0.2	-0.26	0.51	0.66	0.66	0.63	0.73	0.65	0.21	0.25	-0.31		0.03	0.22	0.14	-0.13
Other Assets	0.56	0.64	0.58	0.67	0.3	0.25	0.57	-0.59	0.57	0.48	0.76	0.57	0.49	0.5	0.65	0.32	0.05	0.68	0.31	0.78	0.64	0.03		0.21	0.42	0.52
Common Stock Total Equity	0.04	0.08	0.04	0.3	-0.1	-0.16	0.04	-0.75	0.22	0.01	0.37	0.22	0.02	0.08	0.08	0.01	-0.04	0.12	0.11	0.18	0.12	0.22	0.21		0.77	0.42
Common Stock	0.02	0.18	0.13	0.32	-0.21	-0.14	0.16	-0.85	0.16	0.0	0.33	0.16	-0.18	0.04	0.13	-0.13	0.05	0.17	-0.1	0.1	0.19	0.14	0.42	0.77		0.3
Other Liab	0.28	0.22	0.53	0.43	0.17	-0.01	0.11	-0.6	0.85	0.18	0.83	0.85	0.35	0.35	0.3	0.24	-0.13	0.33	0.66	0.7	0.39	-0.13	0.52	0.42	0.3

Click cells to compare fundamentals

CoreCivic Account Relationship Matchups

CoreCivic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	3.7B	3.5B	3.2B	3.1B	2.2B
Short Long Term Debt Total	2.0B	1.8B	1.5B	1.3B	1.1B	930.2M
Other Current Liab	(15.4M)	(8.7M)	203.9M	184.6M	(13.1M)	(13.8M)
Total Current Liabilities	368.8M	313.4M	341.0M	450.8M	297.5M	204.9M
Total Stockholder Equity	1.4B	1.4B	1.4B	1.4B	1.5B	955.3M
Property Plant And Equipment Net	2.7B	2.4B	2.3B	2.2B	2.1B	1.7B
Net Debt	1.9B	1.7B	1.2B	1.1B	966.1M	871.0M
Retained Earnings	(446.3M)	(446.5M)	(498.7M)	(376.4M)	(308.8M)	(324.3M)
Cash	92.1M	113.2M	299.6M	149.4M	129.0M	135.4M
Non Current Assets Total	3.4B	3.0B	2.9B	2.7B	2.6B	1.9B
Non Currrent Assets Other	350.9M	396.7M	583.5M	550.2M	309.6M	319.7M
Cash And Short Term Investments	92.1M	113.2M	299.6M	149.4M	129.0M	135.4M
Net Receivables	280.8M	267.7M	282.8M	312.4M	312.2M	184.3M
Common Stock Shares Outstanding	119.2M	120.9M	120.2M	119.1M	114.7M	92.7M
Liabilities And Stockholders Equity	3.8B	3.7B	3.5B	3.2B	3.1B	2.2B
Non Current Liabilities Total	2.0B	2.0B	1.8B	1.4B	1.3B	1.0B
Other Current Assets	35.5M	33.2M	26.9M	32.1M	33.8M	19.1M
Other Stockholder Equity	1.8B	1.8B	1.9B	1.8B	1.8B	1.6B
Total Liab	2.4B	2.3B	2.1B	1.8B	1.6B	1.2B
Property Plant And Equipment Gross	2.8B	2.5B	3.9B	3.9B	4.1B	4.3B
Total Current Assets	435.4M	717.1M	627.4M	513.7M	474.9M	272.8M
Short Term Debt	31.3M	39.1M	35.4M	165.5M	11.6M	11.0M
Accounts Payable	337.5M	274.3M	90.8M	89.7M	285.9M	159.9M
Other Assets	441.8M	636.0M	583.5M	550.2M	1.0	0.95
Common Stock Total Equity	1.2M	1.2M	1.2M	1.2M	1.3M	1.1M
Common Stock	1.2M	1.2M	1.2M	1.2M	1.1M	1.1M
Other Liab	59.2M	234.8M	293.5M	172.8M	198.7M	208.6M
Long Term Debt	1.9B	1.7B	1.5B	1.1B	1.1B	1.3B
Good Will	48.2M	50.5M	5.9M	4.8M	4.4M	4.1M
Intangible Assets	14.5M	10.7M	9.0M	7.7M	7.2M	6.8M
Property Plant Equipment	2.7B	2.4B	2.3B	2.2B	2.5B	2.5B
Current Deferred Revenue	15.4M	8.7M	10.9M	10.9M	13.1M	25.0M
Inventory	27.0M	303.0M	18.1M	19.7M	1.0	0.95
Net Tangible Assets	1.3B	1.4B	1.4B	1.4B	1.3B	1.1B
Retained Earnings Total Equity	(446.3M)	(446.5M)	(498.7M)	(376.4M)	(338.8M)	(355.7M)
Long Term Debt Total	1.9B	1.7B	1.5B	1.1B	1.2B	1.5B
Capital Surpluse	1.8B	1.8B	1.9B	1.8B	2.1B	1.8B
Deferred Long Term Liab	2.6M	1.9M	88.2M	99.6M	89.7M	94.1M
Non Current Liabilities Other	118.0M	234.8M	177.7M	154.5M	3.9M	3.7M

Pair Trading with CoreCivic

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CoreCivic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CoreCivic will appreciate offsetting losses from the drop in the long position's value.

Moving against CoreCivic Stock

0.51	DOUG	Douglas Elliman Financial Report 9th of May 2024	Pair Corr
0.49	UK	Ucommune International	Pair Corr
0.43	ROIC	Retail Opportunity	Pair Corr
0.42	KW	Kennedy Wilson Holdings Financial Report 1st of May 2024	Pair Corr

The ability to find closely correlated positions to CoreCivic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoreCivic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CoreCivic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CoreCivic to buy it.

The correlation of CoreCivic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CoreCivic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoreCivic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CoreCivic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether CoreCivic is a strong investment it is important to analyze CoreCivic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CoreCivic's future performance. For an informed investment choice regarding CoreCivic Stock, refer to the following important reports:

How To Invest In CoreCivic

Details

Is CoreCivic Stock a good investment?

Details

What is CoreCivic's Net Worth?

Details

Largest Diversified REITs Companies

View

Largest Equity Real Estate Investment Trusts (REITs) Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for CoreCivic Stock analysis

When running CoreCivic's price analysis, check to measure CoreCivic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CoreCivic is operating at the current time. Most of CoreCivic's value examination focuses on studying past and present price action to predict the probability of CoreCivic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoreCivic's price. Additionally, you may evaluate how the addition of CoreCivic to your portfolios can decrease your overall portfolio volatility.

	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated

Is CoreCivic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CoreCivic. If investors know CoreCivic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CoreCivic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.103

Earnings Share

0.59

Revenue Per Share

16.667

Quarterly Revenue Growth

0.042

Return On Assets

0.0336

The market value of CoreCivic is measured differently than its book value, which is the value of CoreCivic that is recorded on the company's balance sheet. Investors also form their own opinion of CoreCivic's value that differs from its market value or its book value, called intrinsic value, which is CoreCivic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CoreCivic's market value can be influenced by many factors that don't directly affect CoreCivic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CoreCivic's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCivic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCivic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

CoreCivic Long Term Debt vs Other Current Assets Analysis

Long Term Debt vs Other Current Assets

Long Term Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Other Current Assets

CoreCivic fundamental ratios Correlations

CoreCivic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CoreCivic fundamental ratios Accounts

Pair Trading with CoreCivic

Moving against CoreCivic Stock

Complementary Tools for CoreCivic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total

Common Stock	- 0.85	Retained Earnings
Common Stock Total Equity	- 0.75	Retained Earnings
Retained Earnings	- 0.67	Total Current Liabilities
Non Currrent Assets Other	- 0.63	Retained Earnings
Other Liab	- 0.6	Retained Earnings
Other Assets	- 0.59	Retained Earnings