Debt to Equity
since 2005
Calculation
Fair Isaac Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|
| Sep 30, 2024 | — | = | 2,209,021) | ÷ | (962,679) |
| Sep 30, 2023 | — | = | 1,861,658) | ÷ | (687,990) |
| Sep 30, 2022 | — | = | 1,853,669) | ÷ | (801,947) |
| Sep 30, 2021 | — | = | 1,259,018) | ÷ | (110,942) |
| Sep 30, 2020 | 2.52 | = | 834,435) | ÷ | 331,082) |
| Sep 30, 2019 | 2.85 | = | 824,790) | ÷ | 289,767) |
| Sep 30, 2018 | 2.90 | = | 763,944) | ÷ | 263,737) |
| Sep 30, 2017 | 1.42 | = | 604,801) | ÷ | 426,537) |
| Sep 30, 2016 | 1.28 | = | 571,000) | ÷ | 446,828) |
| Sep 30, 2015 | 1.39 | = | 608,000) | ÷ | 436,998) |
| Sep 30, 2014 | 1.20 | = | 546,000) | ÷ | 454,614) |
| Sep 30, 2013 | 0.89 | = | 470,000) | ÷ | 530,677) |
| Sep 30, 2012 | 1.06 | = | 504,000) | ÷ | 474,406) |
| Sep 30, 2011 | 1.10 | = | 512,000) | ÷ | 465,494) |
| Sep 30, 2010 | 1.09 | = | 520,000) | ÷ | 474,914) |
| Sep 30, 2009 | 0.95 | = | 570,000) | ÷ | 600,269) |
| Sep 30, 2008 | 1.01 | = | 570,000) | ÷ | 561,941) |
| Sep 30, 2007 | 0.99 | = | 560,963) | ÷ | 566,314) |
| Sep 30, 2006 | 0.52 | = | 400,000) | ÷ | 770,028) |
| Sep 30, 2005 | 0.50 | = | 400,000) | ÷ | 805,094) |
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
- Total Debt
- The total debt demonstrates an overall upward trajectory across the period examined. Initially, total debt remained relatively stable around 400,000 US$ thousands from 2005 to 2006, then increased steadily with some fluctuations, reaching over 2.2 million US$ thousands by 2024. Notably, from 2021 through 2024, total debt surged significantly from approximately 1.26 million to over 2.2 million, indicating potentially aggressive borrowing or capital structure changes in recent years.
- Stockholders’ Equity (Deficit)
- Stockholders’ equity started at a positive 805,094 US$ thousands in 2005 and exhibited a decreasing trend with intermittent minor recoveries and declines throughout the timeframe. By 2016, the equity value had declined to 426,537 US$ thousands and continued to shrink substantially thereafter. From 2020 onward, equity turned negative, reaching a deficit of nearly -963,000 US$ thousands by 2024. This reversal into negative equity suggests increasing financial stress or accumulated losses, possibly from operational challenges or valuation adjustments impacting the shareholders’ capital.
- Debt to Equity Ratio
- The debt to equity ratio largely reflects the combined trends of increasing total debt and declining stockholders’ equity. Initially, the ratio hovered around 0.5 to just over 1 from 2005 through 2012, indicating a moderate leverage level. However, the ratio escalated sharply beginning in 2013, reaching approximately 2.9 by 2018. This sharp increase signals that debt levels were rising much faster relative to equity, and the equity diminishing trend exacerbated the ratio increase. Data for the ratio is missing beyond 2018, but given the continuing increase in debt and negative equity from the subsequent years, it is likely the leverage risk has further intensified.
- Overall Financial Position
- The company’s financial structure shows signs of increasing leverage risk and deteriorating equity position over the time span. The steady accumulation of debt combined with a transition from positive to negative equity points to potentially heightened financial vulnerability. These patterns might be indicative of expansion financed through debt or operational losses eroding equity value. This evolving capital structure warrants close attention to liquidity, solvency, and long-term financial sustainability going forward.
Comparison to Competitors
Fair Isaac Corp., debt to equity, long-term trends, comparison to competitors
| Fair Isaac Corp. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings 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 | — | 0.04 | 0.40 | 0.53 | 0.32 | 2.01 | 0.33 | 0.29 | 9.98 | 0.00 | 0.19 | 0.17 | 0.15 | 0.00 | 0.37 |
| Sep 30, 2023 | — | 0.01 | 0.22 | 0.19 | 0.51 | 2.51 | 0.35 | 0.31 | 84.33 | 0.00 | 1.14 | 0.20 | 0.20 | 0.00 | 0.53 |
| Sep 30, 2022 | — | 0.00 | 0.29 | 0.27 | 0.72 | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.00 | 0.41 |
| Sep 30, 2021 | — | 0.00 | 0.28 | 0.13 | 0.85 | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.02 | 0.55 |
| Sep 30, 2020 | 2.52 | 0.00 | 0.31 | 0.14 | 0.00 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.03 | 0.51 |
| Sep 30, 2019 | 2.85 | 0.00 | 0.39 | 0.16 | — | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.03 | 0.62 |
| Sep 30, 2018 | 2.90 | 0.00 | 0.44 | 0.35 | — | 2.73 | 0.19 | 0.97 | 1.33 | — | 1.99 | 0.21 | 0.60 | 0.13 | 0.94 |
| Sep 30, 2017 | 1.42 | 0.00 | 0.22 | 0.74 | — | 2.66 | 0.36 | 1.23 | 1.08 | — | 0.69 | 0.32 | 2.01 | 0.04 | 0.46 |
| Sep 30, 2016 | 1.28 | 0.00 | 0.26 | 0.93 | — | 2.31 | 0.86 | 0.76 | 0.93 | — | 0.64 | 0.36 | 1.31 | 0.06 | 0.45 |
| Sep 30, 2015 | 1.39 | 0.00 | 0.27 | 0.25 | — | 2.80 | 0.21 | 0.44 | 0.86 | — | 1.00 | 0.49 | 0.84 | 0.07 | 0.44 |
| Sep 30, 2014 | 1.20 | 0.00 | 0.22 | 0.52 | — | 3.44 | 0.16 | 0.25 | 0.52 | — | 1.00 | 0.79 | 1.04 | 0.02 | 0.41 |
| Sep 30, 2013 | 0.89 | 0.01 | 0.23 | 0.28 | — | 1.74 | 0.14 | 0.20 | 0.41 | — | 0.00 | 0.25 | 1.05 | 0.04 | 0.04 |
| Sep 30, 2012 | 1.06 | 0.00 | 0.23 | 0.49 | — | 1.76 | 0.18 | 0.18 | 0.38 | — | 0.00 | 0.35 | 0.00 | 0.05 | — |
| Sep 30, 2011 | 1.10 | 0.00 | 0.26 | 1.04 | — | 1.56 | 0.38 | 0.21 | 0.40 | — | — | 0.38 | — | 0.00 | — |
| Sep 30, 2010 | 1.09 | 0.00 | 0.29 | 1.99 | — | 1.24 | 0.35 | 0.13 | 0.48 | — | — | 0.45 | — | 0.00 | — |
| Sep 30, 2009 | 0.95 | 0.00 | 0.20 | 4.02 | — | 1.15 | 0.39 | 0.15 | 0.41 | — | — | 0.01 | — | 0.00 | — |
| Sep 30, 2008 | 1.01 | 0.00 | 0.08 | 4.91 | — | 2.52 | 0.48 | 0.00 | 0.49 | — | — | 0.00 | — | 0.00 | — |
| Sep 30, 2007 | 0.99 | 0.01 | 0.00 | 0.35 | — | 1.24 | 0.49 | 0.00 | 0.45 | — | — | 0.00 | — | 0.00 | — |
| Sep 30, 2006 | 0.52 | 0.03 | 0.00 | 0.45 | — | 0.80 | 0.00 | 0.00 | 0.39 | — | — | 0.00 | — | 0.00 | — |
| Sep 30, 2005 | 0.50 | 0.04 | 0.00 | 0.31 | — | 0.68 | 0.00 | 0.00 | 0.26 | — | — | 0.01 | — | 0.00 | — |
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., debt to equity, long-term trends, comparison to sector (software & services)
| Fair Isaac Corp. | Software & Services | |
|---|---|---|
| Sep 30, 2024 | — | 0.54 |
| Sep 30, 2023 | — | 0.64 |
| Sep 30, 2022 | — | 0.71 |
| Sep 30, 2021 | — | 0.83 |
| Sep 30, 2020 | 2.52 | 0.95 |
| Sep 30, 2019 | 2.85 | 1.04 |
| Sep 30, 2018 | 2.90 | 1.08 |
| Sep 30, 2017 | 1.42 | 1.14 |
| Sep 30, 2016 | 1.28 | 0.90 |
| Sep 30, 2015 | 1.39 | 0.73 |
| Sep 30, 2014 | 1.20 | 0.54 |
| Sep 30, 2013 | 0.89 | 0.46 |
| Sep 30, 2012 | 1.06 | 0.44 |
| Sep 30, 2011 | 1.10 | 0.47 |
| Sep 30, 2010 | 1.09 | 0.46 |
| Sep 30, 2009 | 0.95 | 0.45 |
| Sep 30, 2008 | 1.01 | 0.56 |
| Sep 30, 2007 | 0.99 | 0.50 |
| Sep 30, 2006 | 0.52 | 0.31 |
| Sep 30, 2005 | 0.50 | 0.26 |
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., debt to equity, long-term trends, comparison to industry (information technology)
| Fair Isaac Corp. | Information Technology | |
|---|---|---|
| Sep 30, 2024 | — | 0.61 |
| Sep 30, 2023 | — | 0.66 |
| Sep 30, 2022 | — | 0.70 |
| Sep 30, 2021 | — | 0.83 |
| Sep 30, 2020 | 2.52 | 0.97 |
| Sep 30, 2019 | 2.85 | 0.98 |
| Sep 30, 2018 | 2.90 | 0.83 |
| Sep 30, 2017 | 1.42 | 0.81 |
| Sep 30, 2016 | 1.28 | 0.66 |
| Sep 30, 2015 | 1.39 | 0.56 |
| Sep 30, 2014 | 1.20 | 0.39 |
| Sep 30, 2013 | 0.89 | 0.29 |
| Sep 30, 2012 | 1.06 | 0.25 |
| Sep 30, 2011 | 1.10 | 0.27 |
| Sep 30, 2010 | 1.09 | 0.25 |
| Sep 30, 2009 | 0.95 | 0.26 |
| Sep 30, 2008 | 1.01 | 0.29 |
| Sep 30, 2007 | 0.99 | 0.27 |
| Sep 30, 2006 | 0.52 | 0.20 |
| Sep 30, 2005 | 0.50 | 0.15 |
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).