Just Energy Group (Just Energy Group) Debt-to-Equity : 3.03 (As of Sep. 2022)

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What is Just Energy Group Debt-to-Equity?

Just Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $413 Mil. Just Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0 Mil. Just Energy Group's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $137 Mil. Just Energy Group's debt to equity for the quarter that ended in Sep. 2022 was 3.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Just Energy Group's Debt-to-Equity or its related term are showing as below:

JE's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.84
* Ranked among companies with meaningful Debt-to-Equity only.

Just Energy Group Debt-to-Equity Historical Data

The historical data trend for Just Energy Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Just Energy Group Debt-to-Equity Chart

Just Energy Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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3.44

-4.23

-1.58

-0.22

0.65

Just Energy Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															48.66	-4.93	0.65	0.35	3.03

Competitive Comparison of Just Energy Group's Debt-to-Equity

For the Utilities - Diversified subindustry, Just Energy Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Just Energy Group's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Just Energy Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Just Energy Group's Debt-to-Equity falls into.

Just Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Just Energy Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(126.289	+	0.13)	/	194.497
	=	0.65

Just Energy Group's Debt to Equity Ratio for the quarter that ended in Sep. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(413.204	+	0.002)	/	136.616
	=	3.02

Just Energy Group (OTCPK:JE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Just Energy Group Debt-to-Equity Related Terms

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Just Energy Group (Just Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Just Energy Group Inc (OTCPK:JE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

100 King Street West, Suite 2630, First Canadian Place, Toronto, ON, CAN, M5X 1E1

Website

https://investors.justenergy.com

Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy-efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.