Debt-to-Equity Ratio

FE's debt-to-equity ratio of 2.22x means the company uses $2.22 of debt for every $1 of shareholder equity — a measure of financial leverage.

This ratio places FE in the 88th percentile among sector peers, well above the sector median of 0.73x, indicating its capital structure relies more on borrowing than most competitors. The year-over-year change is not available, the quarter-over-quarter change is not available, and the trend over the last eight quarters is also not available, so no directional movement can be assessed. Without any trend data, the evaluation rests entirely on the current elevated level, which points to above-average financial risk relative to peers. This high debt load could amplify earnings volatility and interest expense pressure, but the absence of a trend makes it unclear whether leverage is increasing or decreasing. The combination of a high ratio and no trend information neither reinforces nor undermines the NEUTRAL verdict — it highlights a risk factor that is balanced by other unidentified metrics in the overall assessment.

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