FE Debt-to-Equity Ratio Analysis

The debt-to-equity ratio measures a company's total debt relative to its shareholders' equity, so at 2.24x, the company has $2.24 of debt for every $1 of equity.

This is higher than the sector median of 0.73x, placing it in the 88th percentile among peers, meaning it carries more leverage than roughly 88% of comparable firms. The year-over-year change is not available, and the eight-quarter trend is also not available, but the quarter-over-quarter change is +0.9%, moving from 2.22x to 2.24x. This combination of a high level with only a slight quarterly increase suggests financial risk from elevated leverage is present, but near-term pressure is not worsening sharply. Investment risk is therefore elevated relative to peers, though the stable trend tempers immediate concern. This metric supports the overall NEUTRAL verdict, as the high debt level points to potential vulnerability while the lack of a strong upward trend keeps the stock from leaning clearly bearish.

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