Fair Isaac Corporation (FICO)

Current ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	617,413	631,135	641,472	565,263	556,448	575,011	521,326	483,822	484,715	473,257	482,209	461,996	550,974	556,880	551,818	508,441	534,078	483,011	483,671	460,994
Total current liabilities	US$ in thousands	380,285	337,216	315,120	433,109	367,688	392,946	373,278	354,988	331,459	383,855	382,762	321,797	559,207	544,769	500,561	391,042	414,511	460,187	479,824	442,032
Current ratio		1.62	1.87	2.04	1.31	1.51	1.46	1.40	1.36	1.46	1.23	1.26	1.44	0.99	1.02	1.10	1.30	1.29	1.05	1.01	1.04

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $617,413K ÷ $380,285K
= 1.62

The current ratio of Fair Isaac Corporation has exhibited fluctuations over the past few years, ranging from 0.99 to 2.04. The ratio indicates the company's ability to cover its short-term liabilities with its current assets.

In recent quarters, the current ratio has been relatively healthy, showing an improving trend from 1.05 in March 2020 to 2.04 in March 2024. This suggests that the company has been more capable of meeting its short-term obligations as its current assets have increased compared to its current liabilities.

However, there was a slight decline in the current ratio in the most recent quarter, dropping to 1.62 in September 2024. This could indicate that the company's current assets may have decreased relative to its current liabilities during this period.

Overall, it is essential for Fair Isaac Corporation to maintain a current ratio above 1 to ensure it can meet its short-term financial obligations. Monitoring fluctuations in the current ratio can provide insights into the company's liquidity position and financial health.