CoreCivic Good Will vs Long Term Debt Analysis

CXW Stock

USD 20.53 0.86 4.02%

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 Good Will and its Long Term Debt 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 closely tied 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.

Good Will vs Long Term Debt

Good Will vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CoreCivic Good Will account and Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between CoreCivic's Good Will and Long Term Debt is 0.17. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of CoreCivic, assuming nothing else is changed. The correlation between historical values of CoreCivic's Good Will and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of CoreCivic are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Good Will i.e., CoreCivic's Good Will and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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.

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 closely tied 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		0.95	0.04	0.84	0.93	0.92	0.93	-0.39	0.34	0.99	0.34	0.4	0.92	0.98	0.96	0.31	0.7	0.97	0.61	0.77	0.18	0.55	0.56	0.04	0.02	0.28
Short Long Term Debt Total	0.95		-0.02	0.8	0.78	0.84	0.99	-0.49	0.28	0.95	0.34	0.34	0.8	0.89	0.99	0.38	0.62	0.99	0.49	0.72	0.12	0.58	0.63	0.11	0.18	0.24
Other Current Liab	0.04	-0.02		0.22	-0.02	-0.25	-0.12	-0.36	0.75	-0.07	0.83	0.66	0.24	0.11	0.04	0.41	-0.42	0.07	0.6	0.56	0.68	-0.74	0.4	0.29	0.07	0.89
Total Current Liabilities	0.84	0.8	0.22		0.72	0.67	0.75	-0.67	0.46	0.82	0.59	0.51	0.82	0.86	0.79	0.21	0.53	0.85	0.66	0.71	0.55	0.41	0.67	0.3	0.32	0.43
Total Stockholder Equity	0.93	0.78	-0.02	0.72		0.95	0.77	-0.16	0.24	0.93	0.16	0.3	0.92	0.95	0.8	0.15	0.77	0.81	0.62	0.64	0.11	0.54	0.3	-0.1	-0.21	0.17
Property Plant And Equipment Net	0.92	0.84	-0.25	0.67	0.95		0.85	-0.17	0.07	0.96	-0.01	0.13	0.82	0.92	0.83	0.08	0.87	0.83	0.5	0.49	-0.09	0.74	0.24	-0.14	-0.14	0.0
Net Debt	0.93	0.99	-0.12	0.75	0.77	0.85		-0.45	0.14	0.94	0.23	0.2	0.75	0.86	0.97	0.36	0.66	0.96	0.42	0.63	0.04	0.65	0.56	0.08	0.15	0.13
Retained Earnings	-0.39	-0.49	-0.36	-0.67	-0.16	-0.17	-0.45		-0.45	-0.36	-0.63	-0.43	-0.27	-0.44	-0.46	-0.28	-0.21	-0.51	-0.42	-0.45	-0.38	-0.13	-0.59	-0.75	-0.85	-0.6
Cash	0.34	0.28	0.75	0.46	0.24	0.07	0.14	-0.45		0.25	0.85	0.97	0.44	0.37	0.35	0.18	-0.14	0.38	0.66	0.69	0.55	-0.35	0.59	0.21	0.17	0.84
Non Current Assets Total	0.99	0.95	-0.07	0.82	0.93	0.96	0.94	-0.36	0.25		0.24	0.31	0.9	0.97	0.95	0.22	0.76	0.95	0.58	0.68	0.11	0.64	0.48	0.01	0.0	0.18
Non Currrent Assets Other	0.34	0.34	0.83	0.59	0.16	-0.01	0.23	-0.63	0.85	0.24		0.82	0.46	0.36	0.38	0.36	-0.26	0.43	0.65	0.72	0.8	-0.41	0.73	0.41	0.32	0.84
Cash And Short Term Investments	0.4	0.34	0.66	0.51	0.3	0.13	0.2	-0.43	0.97	0.31	0.82		0.5	0.42	0.41	0.2	-0.09	0.44	0.57	0.74	0.54	-0.28	0.65	0.25	0.2	0.77
Net Receivables	0.92	0.8	0.24	0.82	0.92	0.82	0.75	-0.27	0.44	0.9	0.46	0.5		0.93	0.82	0.21	0.55	0.85	0.75	0.78	0.37	0.34	0.49	0.02	-0.18	0.35
Common Stock Shares Outstanding	0.98	0.89	0.11	0.86	0.95	0.92	0.86	-0.44	0.37	0.97	0.36	0.42	0.93		0.9	0.26	0.74	0.92	0.7	0.74	0.23	0.52	0.5	0.08	0.04	0.35
Non Current Liabilities Total	0.96	0.99	0.04	0.79	0.8	0.83	0.97	-0.46	0.35	0.95	0.38	0.41	0.82	0.9		0.41	0.59	0.99	0.52	0.77	0.14	0.53	0.65	0.08	0.13	0.3
Other Current Assets	0.31	0.38	0.41	0.21	0.15	0.08	0.36	-0.28	0.18	0.22	0.36	0.2	0.21	0.26	0.41		-0.08	0.39	0.03	0.66	0.26	-0.24	0.55	0.13	0.19	0.47
Other Stockholder Equity	0.7	0.62	-0.42	0.53	0.77	0.87	0.66	-0.21	-0.14	0.76	-0.26	-0.09	0.55	0.74	0.59	-0.08		0.6	0.31	0.19	-0.25	0.81	0.05	-0.04	0.05	-0.13
Total Liab	0.97	0.99	0.07	0.85	0.81	0.83	0.96	-0.51	0.38	0.95	0.43	0.44	0.85	0.92	0.99	0.39	0.6		0.56	0.79	0.22	0.52	0.68	0.12	0.17	0.33
Property Plant And Equipment Gross	0.61	0.49	0.6	0.66	0.62	0.5	0.42	-0.42	0.66	0.58	0.65	0.57	0.75	0.7	0.52	0.03	0.31	0.56		0.59	0.49	-0.01	0.31	0.11	-0.1	0.66
Total Current Assets	0.77	0.72	0.56	0.71	0.64	0.49	0.63	-0.45	0.69	0.68	0.72	0.74	0.78	0.74	0.77	0.66	0.19	0.79	0.59		0.51	-0.05	0.78	0.18	0.1	0.7
Short Term Debt	0.18	0.12	0.68	0.55	0.11	-0.09	0.04	-0.38	0.55	0.11	0.8	0.54	0.37	0.23	0.14	0.26	-0.25	0.22	0.49	0.51		-0.43	0.62	0.15	0.13	0.56
Accounts Payable	0.55	0.58	-0.74	0.41	0.54	0.74	0.65	-0.13	-0.35	0.64	-0.41	-0.28	0.34	0.52	0.53	-0.24	0.81	0.52	-0.01	-0.05	-0.43		-0.02	-0.09	0.11	-0.46
Other Assets	0.56	0.63	0.4	0.67	0.3	0.24	0.56	-0.59	0.59	0.48	0.73	0.65	0.49	0.5	0.65	0.55	0.05	0.68	0.31	0.78	0.62	-0.02		0.21	0.42	0.52
Common Stock Total Equity	0.04	0.11	0.29	0.3	-0.1	-0.14	0.08	-0.75	0.21	0.01	0.41	0.25	0.02	0.08	0.08	0.13	-0.04	0.12	0.11	0.18	0.15	-0.09	0.21		0.77	0.42
Common Stock	0.02	0.18	0.07	0.32	-0.21	-0.14	0.15	-0.85	0.17	0.0	0.32	0.2	-0.18	0.04	0.13	0.19	0.05	0.17	-0.1	0.1	0.13	0.11	0.42	0.77		0.3
Other Liab	0.28	0.24	0.89	0.43	0.17	0.0	0.13	-0.6	0.84	0.18	0.84	0.77	0.35	0.35	0.3	0.47	-0.13	0.33	0.66	0.7	0.56	-0.46	0.52	0.42	0.3

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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	1.2B	933.6M
Other Current Liab	(15.4M)	126.4M	143.2M	123.3M	135.8M	142.6M
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	2.2B	1.7B
Net Debt	1.9B	1.7B	1.2B	1.1B	1.1B	874.4M
Retained Earnings	(446.3M)	(446.5M)	(498.7M)	(376.4M)	(308.8M)	(324.3M)
Cash	92.1M	113.2M	299.6M	149.4M	121.8M	127.9M
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	384.2M	321.9M
Cash And Short Term Investments	92.1M	113.2M	299.6M	149.4M	121.8M	63.9M
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	336.2M	44.9M	51.8M	40.9M	29.7M
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	65.1M	66.4M	198.2M	46.0M	48.2M
Accounts Payable	337.5M	85.4M	90.8M	89.7M	72.0M	68.4M
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

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CoreCivic Good Will vs Long Term Debt Analysis

Good Will vs Long Term Debt

Good Will vs Long Term Debt Correlation Analysis

Correlation Coefficient

Good Will

Long Term Debt

CoreCivic fundamental ratios Correlations

CoreCivic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CoreCivic fundamental ratios Accounts

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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 Shares Outstanding	+ 0.98	Total Assets

Common Stock	- 0.85	Retained Earnings
Common Stock Total Equity	- 0.75	Retained Earnings
Accounts Payable	- 0.74	Other Current Liab
Retained Earnings	- 0.67	Total Current Liabilities
Non Currrent Assets Other	- 0.63	Retained Earnings
Other Liab	- 0.6	Retained Earnings