FTI Consulting Inc (FCN)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 285,000 | 340,548 | 360,583 | 315,172 | 314,756 | 314,337 | 328,936 | 297,158 | 319,355 | 391,581 | 458,840 | 286,131 | 308,454 | 315,808 | 328,193 | 275,609 | 273,055 | 290,531 | 268,037 |
| Total assets | US$ in thousands | 3,325,880 | 3,318,830 | 3,246,310 | 3,100,980 | 3,241,410 | 3,082,090 | 3,003,170 | 2,949,290 | 3,100,910 | 3,006,920 | 2,938,430 | 2,778,200 | 2,777,360 | 2,794,400 | 2,704,910 | 2,637,180 | 2,783,140 | 2,690,270 | 2,571,360 | 2,464,900 |
| Debt-to-assets ratio | 0.00 | 0.09 | 0.10 | 0.12 | 0.10 | 0.10 | 0.10 | 0.11 | 0.10 | 0.11 | 0.13 | 0.17 | 0.10 | 0.11 | 0.12 | 0.12 | 0.10 | 0.10 | 0.11 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $3,325,880K
= 0.00
FTI Consulting Inc.'s debt-to-assets ratio has shown fluctuations over the past eight quarters. In Q4 2023, the company reported a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets. This signifies a strong financial position with low reliance on debt financing.
However, the ratio increased gradually in the preceding quarters, reaching 0.12 in Q1 2023. This suggests that the company's debt level grew in relation to its total assets during this period. Subsequently, the ratio stabilized around 0.10 in Q2 and Q3 2023 before dropping back to 0.00 in Q4 2023.
Overall, the trend in FTI Consulting Inc.'s debt-to-assets ratio indicates variability in the company's debt management practices. The recent decrease to 0.00 in Q4 2023 may signify a reduction in debt levels or an increase in asset base. Monitoring future quarters will be essential to assess the company's ongoing debt management strategy and its impact on financial stability.
Peer comparison
Dec 31, 2023