Current Ratio
since 2005
Calculation
Fair Isaac Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1.62 | = | 617,413) | ÷ | 380,285) |
| Sep 30, 2023 | 1.51 | = | 556,448) | ÷ | 367,688) |
| Sep 30, 2022 | 1.46 | = | 484,715) | ÷ | 331,459) |
| Sep 30, 2021 | 0.99 | = | 550,974) | ÷ | 559,207) |
| Sep 30, 2020 | 1.29 | = | 534,078) | ÷ | 414,511) |
| Sep 30, 2019 | 0.93 | = | 455,706) | ÷ | 490,828) |
| Sep 30, 2018 | 0.80 | = | 338,512) | ÷ | 422,215) |
| Sep 30, 2017 | 0.95 | = | 310,931) | ÷ | 326,655) |
| Sep 30, 2016 | 1.09 | = | 267,638) | ÷ | 246,077) |
| Sep 30, 2015 | 1.18 | = | 286,602) | ÷ | 243,875) |
| Sep 30, 2014 | 0.85 | = | 288,527) | ÷ | 341,404) |
| Sep 30, 2013 | 1.50 | = | 249,188) | ÷ | 165,880) |
| Sep 30, 2012 | 1.24 | = | 259,325) | ÷ | 209,605) |
| Sep 30, 2011 | 2.49 | = | 364,481) | ÷ | 146,498) |
| Sep 30, 2010 | 2.84 | = | 347,175) | ÷ | 122,147) |
| Sep 30, 2009 | 3.86 | = | 442,558) | ÷ | 114,588) |
| Sep 30, 2008 | 2.87 | = | 351,702) | ÷ | 122,631) |
| Sep 30, 2007 | 0.80 | = | 422,751) | ÷ | 525,924) |
| Sep 30, 2006 | 0.77 | = | 413,310) | ÷ | 537,029) |
| Sep 30, 2005 | 2.99 | = | 412,680) | ÷ | 138,157) |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
The liquidity position from 2005 to 2024 is characterized by significant volatility, with the current ratio fluctuating between a peak of 3.86 and a low of 0.77. This variance indicates a dynamic approach to working capital management and intermittent periods of tight liquidity where current liabilities exceeded current assets.
- Liquidity Volatility and Cyclical Trends
- A period of high liquidity was observed in 2005 with a ratio of 2.99, followed by a sharp contraction in 2006 and 2007 where the ratio fell below 1.0. A substantial recovery occurred between 2008 and 2011, peaking in 2009 at 3.86. This was followed by a downward trajectory starting in 2012, with the ratio dipping below the 1.0 threshold again in 2014, 2017, 2018, and 2019. A consistent recovery trend has been established from 2020 onwards, culminating in a current ratio of 1.62 by September 30, 2024.
- Current Asset Progression
- Current assets exhibited a long-term growth pattern, increasing from $412.68 million in 2005 to $617.41 million in 2024. While there were periodic declines, particularly between 2011 and 2016, the overall trajectory demonstrates a steady expansion of liquid resources over the twenty-year period.
- Current Liability Dynamics
- Current liabilities have demonstrated substantial instability, with significant spikes observed in 2006, 2014, and 2021. These surges frequently coincided with the declines in the current ratio. The highest liability level was reached in 2021 at $559.21 million, which temporarily suppressed the current ratio to 0.99 despite the simultaneous growth in current assets.
- Working Capital Stability Analysis
- The most recent five-year period (2020–2024) shows a trend toward stabilization. The current ratio has remained above or very near 1.0, moving from 1.29 in 2020 to 1.62 in 2024, suggesting a more conservative and stable liquidity posture compared to the volatility seen between 2014 and 2019.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
Fair Isaac Corp., current ratio, long-term trends, comparison to competitors
| Fair Isaac Corp. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 30, 2024 | 1.62 | 1.10 | 1.07 | 2.19 | 2.93 | 2.64 | 1.04 | 1.29 | 1.27 | 0.72 | 5.96 | 0.89 | 1.09 | 1.10 | 2.44 | 1.97 |
| Sep 30, 2023 | 1.51 | 1.30 | 1.34 | 1.71 | 1.24 | 3.17 | 0.96 | 1.47 | 1.77 | 0.91 | 5.55 | 0.78 | 1.02 | 1.06 | 1.15 | 1.75 |
| Sep 30, 2022 | 1.46 | 1.23 | 1.11 | 3.35 | 1.27 | 3.09 | 0.92 | 1.39 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.11 | 1.09 | 1.03 |
| Sep 30, 2021 | 0.99 | 1.25 | 1.25 | 5.05 | 1.77 | 3.54 | 0.88 | 1.94 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.05 | 1.16 | 1.12 |
| Sep 30, 2020 | 1.29 | 1.40 | 1.48 | — | 1.86 | 5.77 | 0.98 | 2.26 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.21 | 1.19 | 1.04 |
| Sep 30, 2019 | 0.93 | 1.40 | 0.79 | — | 1.74 | 4.51 | 1.02 | 1.83 | 2.53 | 2.49 | — | 1.78 | 0.95 | 1.03 | 0.99 | 1.11 |
| Sep 30, 2018 | 0.80 | 1.34 | 1.13 | — | 1.34 | — | 1.29 | 1.14 | 2.90 | 3.96 | — | 1.93 | 0.92 | 1.17 | 0.73 | 1.92 |
| Sep 30, 2017 | 0.95 | 1.23 | 2.05 | — | 1.53 | — | 1.33 | 0.73 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.15 | 1.04 | 1.93 |
| Sep 30, 2016 | 1.09 | 1.35 | 2.08 | — | 1.20 | — | 1.21 | 0.72 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.25 | 1.00 | 2.56 |
| Sep 30, 2015 | 1.18 | 1.36 | 2.18 | — | 1.80 | — | 1.24 | 1.47 | 2.50 | 4.13 | — | 1.04 | 0.81 | 1.48 | 0.99 | 3.29 |
| Sep 30, 2014 | 0.85 | 1.46 | 1.85 | — | 1.33 | — | 1.25 | 1.84 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.79 | 1.09 | 4.80 |
| Sep 30, 2013 | 1.50 | 1.45 | 2.65 | — | 1.06 | — | 1.28 | 1.87 | 2.71 | 3.24 | — | 2.57 | 0.69 | 2.43 | 1.18 | 3.47 |
| Sep 30, 2012 | 1.24 | 1.55 | 3.41 | — | 1.14 | — | 1.13 | 1.20 | 2.60 | 2.60 | — | 3.13 | 0.72 | 1.99 | 0.91 | — |
| Sep 30, 2011 | 2.49 | 1.45 | 3.02 | — | 1.05 | — | 1.21 | 1.25 | 2.60 | 2.76 | — | — | 0.84 | — | 1.33 | — |
| Sep 30, 2010 | 2.84 | 1.46 | 3.01 | — | 1.26 | — | 1.19 | 1.88 | 2.13 | 1.84 | — | — | 1.88 | — | 1.35 | — |
| Sep 30, 2009 | 3.86 | 1.46 | 2.93 | — | 2.14 | — | 1.36 | 1.82 | 1.82 | 2.03 | — | — | 1.39 | — | 1.80 | — |
| Sep 30, 2008 | 2.87 | 1.34 | 3.59 | — | 1.69 | — | 1.15 | 1.21 | 1.45 | 1.81 | — | — | 1.22 | — | 1.45 | — |
| Sep 30, 2007 | 0.80 | 1.14 | 3.02 | — | 1.95 | — | 1.20 | 1.68 | 1.69 | 1.37 | — | — | 1.11 | — | 1.29 | — |
| Sep 30, 2006 | 0.77 | 1.26 | 4.26 | — | 2.39 | — | 1.11 | 1.79 | 2.18 | 1.73 | — | — | 1.29 | — | 1.03 | — |
| Sep 30, 2005 | 2.99 | 1.37 | 4.18 | — | 2.11 | — | 1.30 | 1.61 | 2.89 | 1.05 | — | — | 1.36 | — | 1.16 | — |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Software & Services)
Fair Isaac Corp., current ratio, long-term trends, comparison to sector (software & services)
| Fair Isaac Corp. | Software & Services | |
|---|---|---|
| Sep 30, 2024 | 1.62 | 1.19 |
| Sep 30, 2023 | 1.51 | 1.40 |
| Sep 30, 2022 | 1.46 | 1.43 |
| Sep 30, 2021 | 0.99 | 1.68 |
| Sep 30, 2020 | 1.29 | 1.92 |
| Sep 30, 2019 | 0.93 | 1.84 |
| Sep 30, 2018 | 0.80 | 2.23 |
| Sep 30, 2017 | 0.95 | 2.06 |
| Sep 30, 2016 | 1.09 | 2.03 |
| Sep 30, 2015 | 1.18 | 2.15 |
| Sep 30, 2014 | 0.85 | 2.01 |
| Sep 30, 2013 | 1.50 | 2.04 |
| Sep 30, 2012 | 1.24 | 1.84 |
| Sep 30, 2011 | 2.49 | 1.87 |
| Sep 30, 2010 | 2.84 | 1.61 |
| Sep 30, 2009 | 3.86 | 1.62 |
| Sep 30, 2008 | 2.87 | 1.36 |
| Sep 30, 2007 | 0.80 | 1.38 |
| Sep 30, 2006 | 0.77 | 1.53 |
| Sep 30, 2005 | 2.99 | 1.70 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Information Technology)
Fair Isaac Corp., current ratio, long-term trends, comparison to industry (information technology)
| Fair Isaac Corp. | Information Technology | |
|---|---|---|
| Sep 30, 2024 | 1.62 | 1.24 |
| Sep 30, 2023 | 1.51 | 1.41 |
| Sep 30, 2022 | 1.46 | 1.37 |
| Sep 30, 2021 | 0.99 | 1.55 |
| Sep 30, 2020 | 1.29 | 1.71 |
| Sep 30, 2019 | 0.93 | 1.66 |
| Sep 30, 2018 | 0.80 | 1.88 |
| Sep 30, 2017 | 0.95 | 2.04 |
| Sep 30, 2016 | 1.09 | 2.01 |
| Sep 30, 2015 | 1.18 | 2.04 |
| Sep 30, 2014 | 0.85 | 1.98 |
| Sep 30, 2013 | 1.50 | 2.20 |
| Sep 30, 2012 | 1.24 | 2.08 |
| Sep 30, 2011 | 2.49 | 2.12 |
| Sep 30, 2010 | 2.84 | 2.02 |
| Sep 30, 2009 | 3.86 | 2.04 |
| Sep 30, 2008 | 2.87 | 1.80 |
| Sep 30, 2007 | 0.80 | 1.79 |
| Sep 30, 2006 | 0.77 | 1.86 |
| Sep 30, 2005 | 2.99 | 2.02 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).