Fair Isaac Corporation (FICO)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	-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	289,767	268,317	247,478
Debt-to-capital ratio		1.67	1.61	—	—	—	1.78	—	—	—	1.12	0.00	0.00	0.00	0.69	0.00	0.00	0.00	0.68	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,808,660K ÷ ($1,808,660K + $-725,765K)
= 1.67

The debt-to-capital ratio of Fair, Isaac Corp. has been fluctuating over the past year. The ratio represents the proportion of the company's total debt to its total capital, which includes both equity and debt. A higher ratio indicates a greater reliance on debt financing.

Looking at the trend, we observe a slight decrease in the ratio from the end of 2022 to the middle of 2023, followed by a slight increase in the most recent quarter. This suggests some variability in the company's capital structure. It's important to note that a higher debt-to-capital ratio can indicate higher financial risk, as the company may have a heavier debt burden.

The consistency of the ratio around the 1.59 to 1.76 range over the past year may indicate a relatively stable level of debt relative to the overall capital structure. However, further analysis of the company's debt composition and its impact on financial performance would provide a more comprehensive understanding of the company's financial health.