JanOne (JanOne) Debt-to-Equity

: -0.21 (As of Dec. 2023)

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JanOne's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. JanOne's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.71 Mil. JanOne's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3.31 Mil. JanOne's debt to equity for the quarter that ended in Dec. 2023 was -0.21.

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

JAN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.77 Med: 0.8 Max: 2.8
Current: -0.21

During the past 13 years, the highest Debt-to-Equity Ratio of JanOne was 2.80. The lowest was -0.77. And the median was 0.80.

JAN's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.685 vs JAN: -0.21

JanOne Debt-to-Equity Historical Data

The historical data trend for JanOne'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.

JanOne Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

2.80

-0.77

2.62

-0.21

JanOne Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.62	0.01	-	-	-0.21

Competitive Comparison

For the Waste Management subindustry, JanOne'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.

JanOne Debt-to-Equity Distribution

For the Waste Management industry and Industrials sector, JanOne's Debt-to-Equity distribution charts can be found below:

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

JanOne Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JanOne's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0	+	0.707)	/	-3.308
	=	-0.21

JanOne's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0.707)	/	-3.308
	=	-0.21

JanOne (NAS:JAN) 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.

JanOne Debt-to-Equity Related Terms

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JanOne (JanOne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » JanOne Inc (NAS:JAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5AR:Germany

Address

325 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119

Website

https://www.janone.com

JanOne Inc focuses on reducing opioid addiction by finding treatments for conditions accompanied by pain and bringing to market drugs and therapies with nonaddictive pain-relieving properties. The company operates in three operating segments, namely Biotechnology, Recycling, and Technology. It derives its majority of revenue from the Recycling segment that is primarily engaged in the recycling of appliances throughout the United States and Canada.

Executives

Virland A Johnson	officer: Chief Financial Officer	20488 N 86 LANE, PEORIA AZ 85382
Antonios Isaac	director, officer: Chief Executive Officer	3525 DEL MAR HEIGHTS RD., #765, SAN DIEGO CA 92130
John Bitar	director	334 EAST COAST HWY #500, CORONA DEL MAR CA 92625
Eric Bolling	director, officer: President and Chairman	325 E. WARM SPRINGS ROAD SUITE 102, LAS VEGAS NV 89119
Isaac Capital Group, Llc	10 percent owner	501 W. BROADWAY, #A212, SAN DIEGO CA 92101
John Isaac	10 percent owner	501 W. BROADWAY, SUITE A212, SAN DIEGO CA 92101
Nael Hajjar	director	175 JACKSON AVENUE NORTH, SUITE 102, MINNEAPOLIS MN 55343-4565
Bradley Bremer	officer: President of ApplianceSmart	175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Dennis Gao	director	325 E. WARM SPRINGS ROAD, SUITE 102, LAS VEGAS NV 89119
James P Harper	officer: COO	175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Timothy Matula	director	175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Rachel Holmes	officer: EVP of ARCA Recycling	175 JACKSON AVE N., SUITE 102, MINNEAPOLIS MN 55343
Richard Butler	director	4840 EAST JASMINE ST., SUITE 105, MESA AZ 85205
Brian Conners	director	7400 EXCELSIOR BLVD., MINNEAPOLIS MN 55426
Jeffery Ostapeic	officer: CFO	7400 EXCELSIOR BLVD, MINNEAPOLIS MN 55426