Fair Isaac Corporation (FICO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 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 | 0.42 | 0.00 | 0.00 |
| 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 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 2.23 | 0.00 | 0.00 | 0.00 | 2.09 | 0.00 | 0.00 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | 12.73 | 7.07 | 4.87 | 4.85 | 6.33 | 7.25 | 6.41 | 4.95 | 5.12 | 5.37 |
To analyze Fair, Isaac Corp.'s solvency, we can use several financial ratios. The debt-to-assets ratio measures the proportion of total assets financed by debt. From December 31, 2022, to September 30, 2023, Fair, Isaac Corp.'s debt-to-assets ratio declined, indicating a reduction in the proportion of assets held through debt financing. This trend suggests improved solvency as the company becomes less reliant on debt to finance its assets.
The debt-to-capital ratio, similar to the debt-to-assets ratio, provides insight into the company's solvency by comparing the proportion of capital financed by debt. Fair, Isaac Corp.'s debt-to-capital ratio remained relatively stable around 1.59 to 1.76 from March 31, 2022, to September 30, 2023, indicating a consistent level of debt to finance its capital structure.
The debt-to-equity ratio, which measures the proportion of equity and debt financing used by the company, is not provided in the dataset. Consequently, we cannot comment on this specific solvency indicator for Fair, Isaac Corp.
The financial leverage ratio, which assesses the extent to which the company relies on debt for its financing, is also not available in the dataset. Therefore, we cannot provide an analysis of this ratio for Fair, Isaac Corp.
In summary, based on the available data, Fair, Isaac Corp.'s solvency, as indicated by the debt-to-assets and debt-to-capital ratios, suggests a relatively stable and improving financial position with a decreasing reliance on debt to finance its assets and capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 6.44 | 6.19 | 5.38 |
Fair, Isaac Corp.'s interest coverage ratio has exhibited a consistent trend over the past eight quarters. The interest coverage ratio measures the company's ability to meet its interest obligations from operating profits. The trend of Fair, Isaac Corp.'s interest coverage ratio shows a slight decline from Q1 2022 to Q2 2023, indicating a decrease in the company's ability to cover its interest expenses. However, it is important to note that the interest coverage ratio remained above 6.0 for all quarters, which generally signifies a healthy ability to meet interest obligations. Overall, the company's interest coverage ratio indicates a satisfactory ability to cover its interest expenses with operating profits, although the slight downward trend may warrant further monitoring to ensure the company's long-term financial health.