JACK Debt-to-Equity Ratio Analysis

JACK's debt-to-equity ratio of -1.63x means its total liabilities exceed shareholder equity, producing negative equity—a signal of financial strain where accumulated losses have wiped out the equity cushion.

This sits far below the sector median of 0.73x, placing the company in the 5th percentile, meaning 95% of peers carry healthier capital structures. The ratio improved from -1.72x to -1.63x, a 5.2% quarter-over-quarter change moving toward zero; year-over-year data is unavailable, so the longer trajectory is unclear. Negative equity is elevated risk at any level, but the recent narrowing of that gap shows a fragile recovery in the balance sheet. The combination of deep negative equity and only a slight recent improvement

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