What is CoreCivic Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CoreCivic's interest expense for the
three
months ended in Mar. 2024 was $ -19 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-72 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. CoreCivic's Operating Income for the
three
months ended in Mar. 2024 was $ 54 Mil. CoreCivic's Interest Expense for the
three
months ended in Mar. 2024 was $ -19 Mil.
CoreCivic's Interest Coverage for the quarter that ended in Mar. 2024 was 2.92.
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.
CoreCivic 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-72 Mil.
* 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.
CoreCivic (NYSE:CXW) Interest Expense Explanation
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 higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
CoreCivic's Interest Expense for the
three
months ended in Mar. 2024 was $-19 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $54 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $984 Mil.
CoreCivic's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
CoreCivic (CoreCivic) Business Description
Traded in Other Exchanges
Address
5501 Virginia Way, Suite 110, Brentwood, TN, USA, 37027
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Safety segment operates roughly 50 facilities and owns majority of them. The Community segment owns and operates close to 30 residential reentry centers. The Properties segment owns approximately 15 properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the Safety segment. Its customers are federal, state, and local government agencies. Commercial contracts are typically 3-5 years long with multiple renewal options. CoreCivic operated as a Real Estate Investment Trust until January 2021 when it was reorganized as a taxable C Corporation.
Executives
| Carter, Cole G. |
officer: SVP, General Counsel, Secretar |
10 BURTON HILLS BLVD., NASHVILLE TN 37215 |
| Anthony L Grande |
officer: Senior VP, Customer Relations |
CORRECTIONS CORPORATION OF AMERICA, 10 BURTON HILLS BOULEVARD, NASHVILLE TN 37215 |
| Lucibeth Mayberry |
officer: SVP, Real Estate |
10 BURTON HILLS BLVD, NASHVILLE TN 37215 |
| David Garfinkle |
officer: Vice President, Finance |
|
| Prann John R Jr |
director |
|
| Patrick D. Swindle, |
officer: EVP, Chief Corrections Officer |
10 BURTON HILLS BLVD., NASHVILLE TN 37215 |
| Damon T Hininger |
officer: Senior VP, Customer Relations |
CORRECTIONS CORPORATION OF AMERICA, 10 BURTON HILLS BOULEVARD, NASHVILLE TN 37215 |
| Thurgood Jr Marshall |
director |
3000 K STREET N W, SUITE 300, WASHINGTON DC 20007-5116 |
| Harley G. Lappin |
officer: Chief Corrections Officer |
10 BURTON HILLS BLVD, NASHVILLE TN 37215 |
| Mark A Emkes |
director |
425 WINTER ROAD, DELAWARE OH 43015 |
| David K Churchill |
officer: Chief Human Resources |
10 BURTON HILLS BLVD, NASHVILLE TN 37215 |
| Devin Ignatius Murphy |
director |
104 MAIN STREET, SOUTHPORT CT 06890 |
| Charles L Overby |
director |
|
| Kim White |
officer: SVP, Human Resources |
10 BURTON HILLS BLVD, NASHVILLE TN 37215 |
| C Michael Jacobi |
director |
C/O KATY INDUSTRIES INC, 765 STRAITS TURNPIKE STE 2000, MIDDLEBURY CT 06762 |
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