Ferrellgas Partners LP (Ferrellgas Partners LP) Debt-to-Equity : -1.81 (As of Jan. 2024)

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What is Ferrellgas Partners LP Debt-to-Equity?

Ferrellgas Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $28 Mil. Ferrellgas Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,489 Mil. Ferrellgas Partners LP's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-838 Mil. Ferrellgas Partners LP's debt to equity for the quarter that ended in Jan. 2024 was -1.81.

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 Ferrellgas Partners LP's Debt-to-Equity or its related term are showing as below:

FGPR' s Debt-to-Equity Range Over the Past 10 Years
Min: -16 Med: -2.11 Max: 40.6
Current: -1.81

During the past 13 years, the highest Debt-to-Equity Ratio of Ferrellgas Partners LP was 40.60. The lowest was -16.00. And the median was -2.11.

FGPR's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs FGPR: -1.81

Ferrellgas Partners LP Debt-to-Equity Historical Data

The historical data trend for Ferrellgas Partners LP'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.

Ferrellgas Partners LP Debt-to-Equity Chart

Ferrellgas Partners LP Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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-1.94

-2.19

-9.44

-6.66

-6.32

Ferrellgas Partners LP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-1.76	-1.78	-6.32	-1.62	-1.81

Competitive Comparison of Ferrellgas Partners LP's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP'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.

Ferrellgas Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ferrellgas Partners LP's Debt-to-Equity falls into.

Ferrellgas Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ferrellgas Partners LP's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 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
	=	(27.197	+	1490.419)	/	-240.249
	=	-6.32

Ferrellgas Partners LP's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(27.96	+	1489.038)	/	-838.008
	=	-1.81

Ferrellgas Partners LP (OTCPK:FGPR) 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.

Ferrellgas Partners LP Debt-to-Equity Related Terms

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Ferrellgas Partners LP (Ferrellgas Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ferrellgas Partners LP (OTCPK:FGPR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FGPRB:USA

Address

One Liberty Plaza, Liberty, MO, USA, 64068

Website

https://www.ferrellgas.com

Ferrellgas Partners LP operates as a propane distributor. Its operations primarily include the distribution and sale of propane and related equipment and supplies within the Midwest, Southeast, Southwest, and Northwest regions of the United States. The firm caters to residential, industrial, commercial, portable tank exchange, agricultural, wholesale and other, customers. Ferrellgas earns revenue primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies.

Executives

Allen G Jones	officer: VP Legal & General Counsel	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Joe Eby	director	13795 S. MUR-LEN RD, STE. 301, OLATHE MO 66062
Michael E Cole	officer: Chief Financial Officer	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Dhiraj Cherian	officer: Chief Financial Officer	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Edward Newberry	director	C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Ares Management Holdings L.p.	director	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Craig Snyder	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Corp	director	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Carney Hawks	director	C/O EXTRACTION OIL & GAS, 370 17TH STREET, SUITE 5300, DENVER CO 80202
Ares Management Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Voting Llc	director	C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Brian Herrmann	officer: Interim CFO	ONE LIBERTY PLAZA, LIBERTY MO 64068