Fair Isaac Corporation (FICO)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	-962,679	-829,306	-735,660	-725,765	-687,990	-703,976	-770,793	-802,095	-801,947	-847,472	-663,416	-538,299	-110,942	124,838	223,303	324,121	331,082	247,286	214,151	240,961
Debt-to-capital ratio		1.78	1.65	1.57	1.67	1.61	—	—	—	1.78	—	—	—	1.12	0.00	0.00	0.00	0.69	0.00	0.00	0.00

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 for Fair Isaac Corporation has shown some fluctuation over the past quarters, ranging from 0.00 to 1.78. This ratio indicates the proportion of the company's capital that is financed by debt.

In the most recent quarter, the debt-to-capital ratio was 1.78, indicating that the company's debt represented 178% of its total capital. This suggests a relatively high level of leverage, with a significant portion of the company's capital being funded by debt.

It is also noteworthy that there are quarters where the debt-to-capital ratio shows as 0.00, indicating that in those periods, the company had no debt on its balance sheet. This could be the result of the company paying off its debt or not taking on any new debt during those periods.

Overall, the trend of the debt-to-capital ratio for Fair Isaac Corporation shows variability, with some quarters exhibiting high leverage while others show no debt on the balance sheet. This variability may be influenced by the company's financing decisions, such as taking on new debt for expansion or paying down existing debt to improve financial stability.