Fair Isaac Corporation (FICO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,717,880 | 1,708,830 | 1,703,120 | 1,593,520 | 1,575,280 | 1,584,570 | 1,502,430 | 1,458,690 | 1,442,030 | 1,456,840 | 1,486,480 | 1,463,310 | 1,567,780 | 1,589,160 | 1,579,610 | 1,576,860 | 1,606,240 | 1,564,120 | 1,552,130 | 1,545,040 |
| 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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | 12.73 | 7.07 | 4.87 | 4.85 | 6.33 | 7.25 | 6.41 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,717,880K ÷ $-962,679K
= —
The financial leverage ratio of Fair Isaac Corporation has shown fluctuation over the historical periods, ranging from 4.85 to 12.73. The trend indicates variability in the company's capital structure and its reliance on debt financing. The ratio spiked to 12.73 in March 2021, suggesting a higher level of debt usage compared to other periods. Subsequently, there was a notable decrease in the ratio in the following quarters, indicating potential deleveraging strategies or a shift towards equity financing.
The ratio decreased to 7.07 in June 2021 and further to 4.87 in September 2021, indicating a reduction in financial leverage and a possible focus on strengthening the company's balance sheet. However, there was a slight increase in the ratio to 6.33 in December 2021, signifying some level of re-leveraging. The trend continued with fluctuations in the subsequent periods, showing a ratio of 7.25 in September 2022, 6.41 in December 2022, and 6.33 in March 2023.
The most recent ratio stood at 7.07 in March 2023, suggesting a moderate level of financial leverage. Overall, the historical trend of the financial leverage ratio for Fair Isaac Corporation reflects a dynamic approach to capital structure management, with periods of both increased and decreased leverage levels.
Peer comparison
Sep 30, 2024