Fair Isaac Corporation (FICO)

Debt-to-equity ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Long-term debt	US$ in thousands	1,811,660	1,823,670	1,009,020	739,435	606,790
Total stockholders’ equity	US$ in thousands	-687,990	-801,947	-110,942	331,082	289,767
Debt-to-equity ratio		—	—	—	2.23	2.09

September 30, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,811,660K ÷ $-687,990K
= —

The debt-to-equity ratio for Fair, Isaac Corp. was not reported for the fiscal years 2021 and 2022. However, in the fiscal year 2020, the ratio stood at 2.52, and in 2019 it was 2.85. This indicates that the company had a high level of leverage and relied heavily on debt to finance its operations and growth in those years. It also suggests that the company's financial structure had a relatively high level of financial risk, as a higher debt-to-equity ratio implies greater reliance on borrowed funds compared to equity.

As the debt-to-equity ratio was not reported for 2021 and 2022, it is unclear how the company's capital structure evolved during those years. However, it would be important to consider the reasons behind the lack of reporting and to analyze the company's financial statements in more detail to fully assess its financial health and risk profile.