FTI Consulting Inc (FCN)
Debt-to-equity 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-equity ratio | 0.00 | 0.15 | 0.19 | 0.21 | 0.19 | 0.19 | 0.19 | 0.20 | 0.19 | 0.21 | 0.26 | 0.32 | 0.20 | 0.21 | 0.21 | 0.22 | 0.19 | 0.19 | 0.20 | 0.19 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,981,420K
= 0.00
The debt-to-equity ratio of FTI Consulting Inc. has shown a relatively consistent trend over the past 8 quarters. The ratio has been relatively low, starting at 0.20 in Q1 2022 and gradually decreasing to 0.15 in Q3 2023, before reaching 0.00 in Q4 2023. This indicates that FTI Consulting has either reduced its debt levels or increased its equity investment during this period.
A debt-to-equity ratio of 0.00 in Q4 2023 suggests that FTI Consulting had no debt in relation to its equity during that quarter. While this may indicate a strong financial position in the short term, it could also imply limited leverage for potential growth or investment opportunities. It would be important to consider the reasons behind this unusually low ratio and assess the overall financial strategy of the company.
Overall, FTI Consulting Inc. appears to have maintained a conservative approach to its capital structure, with a decreasing trend in the debt-to-equity ratio over the past year, potentially indicating a focus on reducing financial risk and ensuring stability in its operations.
Peer comparison
Dec 31, 2023