The GEO Group (The GEO Group) Interest Expense

: $-218 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The GEO Group's interest expense for the three months ended in Dec. 2023 was $ -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-218 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. The GEO Group's Operating Income for the three months ended in Dec. 2023 was $ 84 Mil. The GEO Group's Interest Expense for the three months ended in Dec. 2023 was $ -53 Mil. The GEO Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.57. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The GEO Group Interest Expense Historical Data

The historical data trend for The GEO Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The GEO Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-151.02

-126.84

-129.46

-164.55

-218.29

The GEO Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-53.17	-54.26	-55.05	-55.78	-53.21

The GEO Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-218 Mil.

The GEO Group (NYSE:GEO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The GEO Group's Interest Expense for the three months ended in Dec. 2023 was $-53 Mil. Its Operating Income for the three months ended in Dec. 2023 was $84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,808 Mil.

The GEO Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	83.76	/	-53.211
	=	1.57

The higher the ratio, the stronger the company's financial strength is.

The GEO Group (The GEO Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GEO1:Mexico GEG:Germany GEG:Germany

Address

4955 Technology Way, Boca Raton, FL, USA, 33431

Website

https://www.geogroup.com

The GEO Group Inc specializes in detention facilities and community-reentry centers. It operates in four segments: U.S. Secure Services, which primarily encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.

Executives

Shayn P. March	officer: VP of Finance and Treasurer	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Scott Michael Kernan	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
James H. Black	officer: SVP & Pres, Secure Services	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Christopher D. Ryan	officer: Senior VP, Human Resources	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Lindsay L. Koren	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Matthew Albence	officer: Senior VP, Client Relations	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Andrew N Shapiro	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Thomas C. Bartzokis	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Terry P. Mayotte	director	C/O TREAN INSURANCE GROUP, INC., 150 LAKE STREET WEST, WAYZATA MN 55391
Jack Brewer	director	6200 EXCELSIOR BLVD., SUITE 104, ST. LOUIS PARK MN 55416
George C Zoley	director, officer: Chairman & CEO	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Anne N Foreman	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Richard H Glanton	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Duane Helkowski	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Blake Davis	officer: Pres. GEO Secure Services	4955 TECHNOLOGY WAY, BOCA RATON FL 33431