Federal Signal Corporation (FSS)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,001,900 | 955,900 | 923,900 | 882,000 | 860,900 | 828,000 | 809,100 | 787,800 | 784,000 | 765,700 | 746,000 | 719,600 | 702,100 | 679,800 | 655,400 | 636,200 | 641,600 | 604,200 | 580,100 | 548,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,001,900K)
= 0.00
The debt-to-capital ratio of Federal Signal Corp. has shown some fluctuations over the past eight quarters. The ratio decreased from 0.30 in Q4 2022 to 0.23 in Q4 2023, indicating a lower proportion of debt to total capital at the end of the most recent quarter. However, there was an upward trend in the ratio from Q4 2023 to Q2 2023, reaching a peak of 0.31 before slightly declining to 0.30 in Q3 2023.
Overall, the company's debt-to-capital ratio has stayed relatively stable in the range of 0.23 to 0.31 over the past two years, with some minor fluctuations. This suggests that Federal Signal Corp. has been managing its debt levels in relation to its total capital consistently, maintaining a balanced capital structure during this period.
Peer comparison
Dec 31, 2023