Fair Isaac Corporation (FICO)

Debt-to-capital ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	2,194,020	1,811,660	1,823,670	1,009,020	739,435
Total stockholders’ equity	US$ in thousands	-962,679	-687,990	-801,947	-110,942	331,082
Debt-to-capital ratio		1.78	1.61	1.78	1.12	0.69

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,194,020K ÷ ($2,194,020K + $-962,679K)
= 1.78

The debt-to-capital ratio of Fair Isaac Corporation has been fluctuating over the past five years. In 2020, the ratio stood at 0.69, indicating a lower level of debt relative to the total capital structure. However, there was a significant increase in the ratio in 2021 to 1.12, suggesting a higher reliance on debt financing compared to the previous year.

Subsequently, the ratio increased further to 1.78 in 2022 and remained the same in 2024. This indicates that the company has maintained a relatively high level of debt in proportion to its overall capital structure in these years.

Overall, the trend in the debt-to-capital ratio of Fair Isaac Corporation demonstrates varying levels of debt utilization over the past five years, with a notable increase in debt relative to capital in 2021 and subsequent years. This trend suggests that the company may have been more aggressively leveraging debt to finance its operations and growth during this period.