FTI Consulting Inc (FCN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,981,420 | 1,681,720 | 1,583,320 | 1,400,180 | 1,489,140 |
| Debt-to-capital ratio | 0.00 | 0.16 | 0.16 | 0.17 | 0.16 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $1,981,420K)
= 0.00
The debt-to-capital ratio of FTI Consulting Inc. has shown a consistent downward trend over the past five years. It decreased to 0.00 in 2023 from 0.16 in 2022, maintaining the previous year's level. This indicates that the company had no debt relative to its capital at the end of 2023. This significant drop in the ratio suggests a reduction in the company's reliance on debt financing and an improvement in its financial health and stability. It may imply that FTI Consulting Inc. has been able to manage its debt levels effectively and strengthen its capital structure. Further analysis of the company's debt and capital structure could provide insights into its financial strategy and risk management practices.
Peer comparison
Dec 31, 2023