FTI Consulting Inc (FCN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 315,172 | 297,158 | 286,131 | 275,609 |
| Total assets | US$ in thousands | 3,325,880 | 3,241,410 | 3,100,910 | 2,777,360 | 2,783,140 |
| Debt-to-assets ratio | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $3,325,880K
= 0.00
The debt-to-assets ratio for FTI Consulting Inc. has remained consistently low at 0.10 for the past five years, indicating that the company has very low levels of debt relative to its total assets. A debt-to-assets ratio of 0.10 means that only 10% of the company's assets are financed by debt, with the remaining 90% funded by equity. This suggests that FTI Consulting has a strong financial position and may be less risky compared to companies with higher debt levels.
The stability of the debt-to-assets ratio over the years demonstrates that FTI Consulting has maintained a prudent approach to managing its capital structure and debt levels. Having a low debt-to-assets ratio can provide the company with financial flexibility, lower interest expenses, and reduce the risk of financial distress during economic downturns.
Overall, the consistent low debt-to-assets ratio indicates that FTI Consulting Inc. has maintained a healthy balance between debt and assets, which bodes well for its financial stability and ability to weather economic fluctuations.
Peer comparison
Dec 31, 2023