FTI Consulting Inc (FCN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,981,420 | 1,864,500 | 1,795,150 | 1,720,890 | 1,681,720 | 1,644,580 | 1,630,620 | 1,622,020 | 1,583,320 | 1,544,300 | 1,489,210 | 1,416,350 | 1,400,180 | 1,474,500 | 1,479,100 | 1,468,680 | 1,489,140 | 1,461,230 | 1,419,010 | 1,402,020 |
| Debt-to-capital ratio | 0.00 | 0.13 | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.21 | 0.24 | 0.17 | 0.17 | 0.18 | 0.18 | 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
FTI Consulting Inc.'s debt-to-capital ratio has shown a relatively stable trend over the past eight quarters, ranging from 0.00 to 0.17. It is noteworthy that in the most recent quarter, Q4 2023, the company had a debt-to-capital ratio of 0.00, indicating that there was no debt in relation to its capital structure. This may suggest that FTI Consulting Inc. had effectively managed its debt levels or had paid off its debt entirely during that period.
In the previous quarters, the debt-to-capital ratio ranged between 0.13 and 0.17, indicating that the company utilized debt to finance a portion of its operations and investments. The slight fluctuations in the ratio could imply varying levels of leverage in the company's capital structure over time.
Overall, the consistent track record of maintaining a relatively low debt-to-capital ratio demonstrates FTI Consulting Inc.'s prudent approach to managing its financial obligations and balancing its capital structure. Investors and stakeholders may interpret this performance positively, as it suggests a lower financial risk associated with the company's debt levels.
Peer comparison
Dec 31, 2023