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Ferrellgas Partners has the Highest Debt to Asset Ratio in the Gas Utilities Industry (FGP, APU, SPH, LG, SJI)

By Shiri Gupta

Below are the three companies in the Gas Utilities industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Ferrellgas Partners ranks highest with a a debt to asset ratio of 0.79. Following is Amerigas Partners with a a debt to asset ratio of 0.57. Suburban Propane ranks third highest with a a debt to asset ratio of 0.50.

Laclede follows with a a debt to asset ratio of 0.41, and South Jersey Industries rounds out the top five with a a debt to asset ratio of 0.41.

SmarTrend recommended that its subscribers protect gains by selling shares of Ferrellgas Partners on September 13th, 2016 by issuing a Downtrend alert when the shares were trading at $18.09. Since that call, shares of Ferrellgas Partners have fallen 56.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio ferrellgas partners amerigas partners suburban propane laclede south jersey industries

Ticker(s): FGP APU SPH LG SJI