JOANN (JOANQ) Debt-to-Equity : -11.05 (As of Oct. 2023)

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What is JOANN Debt-to-Equity?

JOANN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $182 Mil. JOANN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $1,840 Mil. JOANN's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $-183 Mil. JOANN's debt to equity for the quarter that ended in Oct. 2023 was -11.05.

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 JOANN's Debt-to-Equity or its related term are showing as below:

JOANQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -38.37 Med: 12.25 Max: 544.74
Current: -11.05

During the past 6 years, the highest Debt-to-Equity Ratio of JOANN was 544.74. The lowest was -38.37. And the median was 12.25.

JOANQ's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.64 vs JOANQ: -11.05

JOANN Debt-to-Equity Historical Data

The historical data trend for JOANN'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.

JOANN Debt-to-Equity Chart

JOANN Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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3.04

-11.78

41.34

11.41

-38.37

JOANN Quarterly Data
	Jan18	Jan19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial														45.43	-38.37	-19.64	-12.26	-11.05

Competitive Comparison of JOANN's Debt-to-Equity

For the Specialty Retail subindustry, JOANN'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.

JOANN's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JOANN's Debt-to-Equity distribution charts can be found below:

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

JOANN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JOANN's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(192.4	+	1691.5)	/	-49.1
	=	-38.37

JOANN's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(181.8	+	1840.2)	/	-183
	=	-11.05

JOANN (OTCPK:JOANQ) 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.

JOANN Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of JOANN's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

JOANN (JOANQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JOANN Inc (OTCPK:JOANQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5555 Darrow Road, Hudson, OH, USA, 44236

Website

https://www.joann.com

JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewelry making, fabric crafting, craft lights, wedding decorations, and home decor products. It generates maximum revenue from Arts and Crafts and Home Decor products.

Executives

Joseph Thibault	officer: SVP, Store Operations	5555 DARROW ROAD, HUDSON OH 44236
John Craig Stalcup	officer: SVP, Chief Information Officer	C/O JOANN INC., 5555 DARROW RD., HUDSON OH 44236
Marybeth Hays	director	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Scott Sekella	officer: SVP, Chief Financial Officer	C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236
Ann Aber	officer: SVP, GC & Secretary	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Robert Will	officer: SVP, Chief Merch. Officer	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Christopher Ditullio	officer: SVP, Chief Customer Officer	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Green Equity Investors Cf, L.p.	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Thomas A Dryer	officer: VP, Interim CFO & Controller	C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236
Brian William Coleman	director	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Mario Sampson	officer: SVP, Supply Chain	C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236
Darrell Webb	director	5555 DARROW ROAD, HUDSON OH 44236
Varadheesh Chennakrishnan	officer: SVP, CIO	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Matthew B. Susz	officer: SVP, CFO	C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236
Wade D Miquelon	director, officer: President and CEO	108 WILMOT ROAD, DEERFIELD IL 60015