Fair Isaac Corporation (FICO)

Debt-to-equity 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-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	2.23	0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,194,020K ÷ $-962,679K
= —

The debt-to-equity ratio for Fair Isaac Corporation has been consistently low or zero in recent quarters, indicating a conservative approach to financing its operations. The sudden spike in the ratio to 2.23 in December 2019 may have been due to a temporary increase in debt levels relative to equity during that period. However, since then, the company has managed to bring the ratio back down to low or zero levels, reflecting a strong capital structure with minimal reliance on debt financing. This suggests that Fair Isaac Corporation may prioritize funding its activities through equity or retained earnings rather than taking on significant debt, which can be viewed positively by investors and creditors.