Fair Isaac Corporation (FICO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 1.28 | 1.23 | 1.19 | 1.14 | 1.15 | 0.33 | 0.35 | 0.37 | 1.26 | 0.37 | 0.26 | 0.00 | 0.64 | 0.00 | 0.00 | 0.00 | 0.46 | 0.00 | 0.00 | 0.00 |
| 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 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 2.23 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | 12.73 | 7.07 | 4.87 | 4.85 | 6.33 | 7.25 | 6.41 |
Fair Isaac Corporation's solvency ratios show a varied trend over the past few quarters. The debt-to-assets ratio has generally been increasing from 0.46 in Dec 2019 to 1.28 in Sep 2024, indicating that the company's debt level in relation to its total assets has been on the rise.
Similarly, the debt-to-capital ratio has shown fluctuations, peaking at 1.78 in Sep 2024. This ratio reflects the proportion of debt in the company's capital structure and suggests a moderate level of leverage.
The debt-to-equity ratio has not been provided for most periods, indicating a lack of data. However, the available data shows that the company had no debt relative to equity in the recent quarters.
The financial leverage ratio, which indicates the extent to which the company's operations are funded by debt, has fluctuated significantly. It reached 12.73 in Mar 2021, then decreased to 4.87 in Dec 2020, before rising to 7.25 in Jun 2022. This indicates some variability in the company's capital structure and risk profile.
Overall, the increasing trend in debt-related ratios suggests that Fair Isaac Corporation has been relying more on debt financing to support its operations and growth, which could potentially increase its financial risk. It would be important for stakeholders to monitor these ratios closely to assess the company's ability to meet its debt obligations and maintain financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.08 | 7.03 | 7.07 | 6.84 | 6.79 | 6.72 | 6.67 | 7.09 | 7.83 | 8.91 | 11.63 | 12.49 | 12.80 | 12.23 | 9.16 | 8.21 | 7.09 | 6.72 | 6.92 | 6.54 |
Fair Isaac Corporation's interest coverage ratio has fluctuated over the past several quarters, indicating the company's ability to meet its interest obligations. The interest coverage ratio measures the company's ability to cover interest expenses with operating income.
The interest coverage ratio ranged from a low of 6.54 in March 2020 to a high of 12.80 in December 2021. The ratio has generally been above 6, indicating that Fair Isaac Corporation has been able to cover its interest expenses comfortably with its operating income.
In recent quarters, the interest coverage ratio has remained relatively stable, hovering around the 6.7 to 7.1 range. This stability suggests that the company's ability to meet its interest obligations has been consistent.
Overall, Fair Isaac Corporation's interest coverage ratio reflects a healthy balance between its earnings and interest expenses, providing assurance to investors and creditors regarding the company's financial solvency.