Aurora Cannabis (Aurora Cannabis) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is Aurora Cannabis Debt-to-Equity?

Aurora Cannabis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.6 Mil. Aurora Cannabis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $58.4 Mil. Aurora Cannabis's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $385.0 Mil. Aurora Cannabis's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

ACB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.25 Max: 3.03
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Aurora Cannabis was 3.03. The lowest was 0.00. And the median was 0.25.

ACB's Debt-to-Equity is ranked better than
60.16% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs ACB: 0.20

Aurora Cannabis Debt-to-Equity Historical Data

The historical data trend for Aurora Cannabis'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.

Aurora Cannabis Debt-to-Equity Chart

Aurora Cannabis Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Equity

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0.29

0.13

0.15

0.25

0.20

Aurora Cannabis 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															0.41	0.47	0.33	0.25	0.20

Competitive Comparison of Aurora Cannabis's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Aurora Cannabis'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.

Aurora Cannabis's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Aurora Cannabis's Debt-to-Equity distribution charts can be found below:

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

Aurora Cannabis Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aurora Cannabis's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 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
	=	(33.5	+	293.464)	/	1667.512
	=	0.20

Aurora Cannabis'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
	=	(18.619	+	58.409)	/	384.951
	=	0.20

Aurora Cannabis (NAS:ACB) 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.

Aurora Cannabis Debt-to-Equity Related Terms

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

Aurora Cannabis (Aurora Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aurora Cannabis Inc (NAS:ACB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

21P1:Germany ACB:Canada

Address

3498 63 Avenue, Leduc, AB, CAN, T9E 0G8

Website

https://www.auroramj.com

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.