Ascend Wellness Holdings (XCNQ:AAWH.U) Debt-to-Equity

: 4.01 (As of Dec. 2023)

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Ascend Wellness Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.8 Mil. Ascend Wellness Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $558.7 Mil. Ascend Wellness Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $142.9 Mil. Ascend Wellness Holdings's debt to equity for the quarter that ended in Dec. 2023 was 4.01.

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

XCNQ:AAWH.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.6 Med: 3.73 Max: 97.76
Current: 4.01

During the past 5 years, the highest Debt-to-Equity Ratio of Ascend Wellness Holdings was 97.76. The lowest was 2.60. And the median was 3.73.

XCNQ:AAWH.U's Debt-to-Equity is ranked worse than
97.66% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.285 vs XCNQ:AAWH.U: 4.01

Ascend Wellness Holdings Debt-to-Equity Historical Data

The historical data trend for Ascend Wellness 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.

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

97.76

2.60

3.45

4.01

Ascend Wellness Holdings Quarterly Data
	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												3.45	3.83	3.46	3.60	4.01

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Ascend Wellness 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.

Ascend Wellness Holdings Debt-to-Equity Distribution

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

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

Ascend Wellness Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ascend Wellness 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
	=	(14.808	+	558.652)	/	142.872
	=	4.01

Ascend Wellness 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
	=	(14.808	+	558.652)	/	142.872
	=	4.01

Ascend Wellness Holdings (XCNQ:AAWH.U) 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.

Ascend Wellness Holdings Debt-to-Equity Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

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