Verano Holdings (Verano Holdings) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Verano Holdings Debt-to-Equity?

Verano Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $61.8 Mil. Verano Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $481.0 Mil. Verano Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,240.1 Mil. Verano Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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

VRNOF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.71 Med: 0.24 Max: 0.44
Current: 0.44

During the past 5 years, the highest Debt-to-Equity Ratio of Verano Holdings was 0.44. The lowest was -0.71. And the median was 0.24.

VRNOF's Debt-to-Equity is ranked worse than
62.15% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs VRNOF: 0.44

Verano Holdings Debt-to-Equity Historical Data

The historical data trend for Verano Holdings'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.

Verano Holdings Debt-to-Equity Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.71

-0.31

0.24

0.37

0.44

Verano Holdings 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															0.37	0.38	0.38	0.39	0.44

Competitive Comparison of Verano Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Verano Holdings'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.

Verano Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Verano Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Verano Holdings'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
	=	(61.755	+	481.034)	/	1240.08
	=	0.44

Verano Holdings'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
	=	(61.755	+	481.034)	/	1240.08
	=	0.44

Verano Holdings (OTCPK:VRNOF) 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.

Verano Holdings Debt-to-Equity Related Terms

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Verano Holdings (Verano Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VRNO:Canada

Address

415 North Dearborn Street, 4th Floor, Chicago, IL, USA, 60654

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The company derives its revenues from its wholesale business and its retail dispensary chains. The retail business includes the design, build-out and operation of branded dispensaries in both medical and adult-use markets. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV.