Fair Isaac Corporation (FICO)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,194,020	2,104,940	2,028,650	1,808,660	1,811,660	527,500	531,300	535,000	1,823,670	542,500	381,300	—	1,009,020	—	—	—	739,435	—	—	—
Total assets	US$ in thousands	1,717,880	1,708,830	1,703,120	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
Debt-to-assets ratio		1.28	1.23	1.19	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

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,194,020K ÷ $1,717,880K
= 1.28

The debt-to-assets ratio of Fair Isaac Corporation has fluctuated over the past several quarters. As of September 30, 2024, the ratio stands at 1.28, indicating that 1.28 of the company's assets are financed by debt. This represents an increase compared to the previous quarter, where the ratio was 1.23.

Looking back further, the ratio has shown a general upward trend in recent quarters, with occasional fluctuations. In the same period last year, the ratio was significantly lower at 0.64. The company experienced a notable increase in the ratio in the first quarter of 2023, reaching 1.26, before gradually decreasing in subsequent quarters.

It's worth noting that the ratio spiked to 1.15 in the third quarter of 2023 before falling sharply to 0.33 in the following quarter. This sudden decrease could potentially indicate a change in the company's debt management or capital structure during that period.

Overall, the increasing trend in the debt-to-assets ratio suggests that Fair Isaac Corporation has been relying more on debt to finance its assets. Analysts may want to further investigate the reasons behind these fluctuations and assess the company's ability to manage its debt levels effectively in relation to its asset base.