Federal Signal Corporation (FSS)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,001,900 | 860,900 | 784,000 | 702,100 | 641,600 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,001,900K
= 0.00
The debt-to-equity ratio of Federal Signal Corp. has shown a decreasing trend over the past five years, indicating a lower reliance on debt financing relative to equity. In 2023, the ratio stands at 0.30, down from 0.42 in 2022, 0.36 in 2021, 0.30 in 2020, and 0.34 in 2019. This decreasing trend suggests that the company has been effectively managing its debt levels and increasing its equity position, which could be viewed positively by investors and creditors. A lower debt-to-equity ratio typically indicates lower financial risk and greater financial stability for the company. Overall, Federal Signal Corp.'s decreasing debt-to-equity ratio is indicative of a healthier financial structure and improved financial health over the past five years.
Peer comparison
Dec 31, 2023