FR Debt-to-Equity Ratio Analysis

A Debt-to-Equity Ratio of 0.92x means the company has 92 cents of debt for every dollar of shareholders' equity, showing how much leverage it uses to fund operations.

This sits above the sector median of 0.74x, placing the company at the 60th percentile among peers, so it carries more debt than most comparable firms. The year-over-year change is N/A, but the quarter-over-quarter change shows a 1.1% decline, moving from 0.93x to 0.92x. Although the leverage level is elevated relative to the sector, the recent downward tick points to a modest reduction in debt burden. That combination—above-median debt with a slight decrease—implies steady, not extreme, risk, with a small opportunity for improved financial flexibility if the trend continues. This metric supports the overall NEUTRAL verdict, as the higher-than-average debt level is balanced by the recent improvement and lack of a clear directional shift.

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