Federal Signal Corporation (FSS)
Debt-to-equity 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-equity 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-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 from Q1 2022 to Q4 2023. This indicates that the company has been reducing its reliance on debt financing relative to equity over this period.
The ratio of 0.30 in Q4 2023 suggests that the company has a lower level of debt compared to equity, which may be seen as favorable from a financial risk perspective.
It is important to note that while a decreasing trend in the debt-to-equity ratio can indicate improved financial stability, it is also essential to consider the absolute levels of both debt and equity in relation to the company's operations and industry norms for a more comprehensive assessment.
Peer comparison
Dec 31, 2023