Federal Signal Corporation (FSS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,620,500 | 1,524,300 | 1,366,100 | 1,208,800 | 1,165,500 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,620,500K
= 0.00
Based on the data provided, Federal Signal Corp.'s debt-to-assets ratio has fluctuated over the past five years. The ratio was 0.18 in 2023, which represents a decrease from the previous year's ratio of 0.24 in 2022. This suggests that the company's level of debt in relation to its total assets decreased in 2023 compared to 2022.
When comparing the 2023 ratio to prior years, it is evident that Federal Signal Corp. experienced variations in its debt-to-assets ratio. In 2021, the ratio was 0.21, slightly higher than 2023. However, in 2020 and 2019, the company had lower ratios of 0.17 and 0.19, respectively.
Overall, Federal Signal Corp.'s debt-to-assets ratio has shown some fluctuations over the past five years, indicating changes in the company's leverage and financial risk. It is crucial for investors and stakeholders to monitor these trends to assess the company's ability to manage its debt obligations and maintain a healthy financial position.
Peer comparison
Dec 31, 2023