Fair Isaac Corporation (FICO)

Debt-to-assets 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	1,808,660	1,811,660	527,500	531,300	535,000	1,823,670	542,500	381,300	—	1,009,020	—	—	—	739,435	—	—	—	606,790	—	—
Total assets	US$ in thousands	1,593,520	1,575,280	1,584,570	1,502,430	1,458,690	1,442,030	1,456,840	1,486,480	1,463,310	1,567,780	1,589,160	1,579,610	1,576,860	1,606,240	1,564,120	1,552,130	1,545,040	1,433,450	1,373,800	1,328,110
Debt-to-assets ratio		1.14	1.15	0.33	0.35	0.37	1.26	0.37	0.26	0.00	0.64	0.00	0.00	0.00	0.46	0.00	0.00	0.00	0.42	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,808,660K ÷ $1,593,520K
= 1.14

The debt-to-assets ratio of Fair, Isaac Corp. has fluctuated over the past eight quarters. The company's debt-to-assets ratio, which measures the proportion of the company's assets that are financed by debt, has ranged from 1.18 to 1.34 during this period.

The trend indicates that the company's reliance on debt to finance its assets has been fluctuating. A higher debt-to-assets ratio suggests a higher level of financial risk, as it indicates that a larger portion of the company's assets are financed by debt. Conversely, a lower ratio indicates a lower reliance on debt financing.

Overall, a sustained trend in the debt-to-assets ratio would provide better insight into the company's financial leverage and risk management. It may be beneficial to compare the ratio with industry averages to gauge the company's relative debt position.