FTI Consulting Inc (FCN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.68 | 1.78 | 1.81 | 1.80 | 1.93 | 1.87 | 1.84 | 1.82 | 1.96 | 1.95 | 1.97 | 1.96 | 1.98 | 1.90 | 1.83 | 1.80 | 1.87 | 1.84 | 1.81 | 1.76 |
The solvency ratios of FTI Consulting Inc. provide insights into the company's ability to meet its long-term financial obligations.
The Debt-to-assets ratio has been consistently low, indicating that the company relies minimally on debt financing to support its assets. This suggests a strong financial position with ample resources to cover its liabilities.
The Debt-to-capital ratio and Debt-to-equity ratio show a moderate increase over the quarters, indicating a higher reliance on debt in relation to the company's capital and equity. Despite this increase, the ratios remain within reasonable levels, suggesting that the company's capital and equity are sufficient to cover its debt obligations.
The Financial leverage ratio has fluctuated but remains relatively stable over the quarters. A decreasing trend in this ratio signifies a lower reliance on debt to finance the company's operations, which can reduce financial risk and increase financial stability.
Overall, the solvency ratios of FTI Consulting Inc. suggest a prudent and well-managed approach to debt financing, with a strong ability to meet its long-term financial commitments.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 26.01 | 25.50 | 28.87 | 28.45 | 30.64 | 23.30 | 19.08 | 16.96 | 15.68 | 16.82 | 15.54 | 14.88 | 14.25 | 13.00 | 14.00 | 15.44 | 16.02 | 14.07 | 12.08 | 10.21 |
FTI Consulting Inc.'s interest coverage has been relatively strong and consistent over the past eight quarters, demonstrating the company's ability to meet its interest obligations comfortably. The interest coverage ratio has consistently been well above 1, indicating that the company's operating income is more than sufficient to cover its interest expense.
The trend shows an improvement in recent quarters, with the interest coverage ratio increasing from 20.68 in Q1 2022 to 52.36 in Q1 2023. This indicates a positive direction in the company's financial health, with Q2 and Q3 2023 also showing high interest coverage ratios.
The highest interest coverage ratio was observed in Q4 2022 at 57.52, showcasing a peak in the company's ability to cover its interest payments. Overall, FTI Consulting Inc. appears to have a solid financial position in terms of its ability to service its debt obligations, as evidenced by the consistently high interest coverage ratios.