Acreage Holdings (XCNQ:ACRG.A.U) Debt-to-Equity : 12.15 (As of Sep. 2023)

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What is Acreage Holdings Debt-to-Equity?

Acreage Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.9 Mil. Acreage Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $249.7 Mil. Acreage Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $21.0 Mil. Acreage Holdings's debt to equity for the quarter that ended in Sep. 2023 was 12.15.

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

XCNQ:ACRG.A.U' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.73 Med: 0.66 Max: 12.15
Current: 12.15

During the past 6 years, the highest Debt-to-Equity Ratio of Acreage Holdings was 12.15. The lowest was -0.73. And the median was 0.66.

XCNQ:ACRG.A.U's Debt-to-Equity is ranked worse than
98.95% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs XCNQ:ACRG.A.U: 12.15

Acreage Holdings Debt-to-Equity Historical Data

The historical data trend for Acreage 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.

Acreage Holdings Debt-to-Equity Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

-0.58

0.23

0.82

1.00

3.90

Acreage Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.44	3.90	5.06	9.32	12.15

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

For the Drug Manufacturers - Specialty & Generic subindustry, Acreage 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.

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

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

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

Acreage Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Acreage Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(4.027	+	235.188)	/	61.384
	=	3.90

Acreage Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5.871	+	249.7)	/	21.035
	=	12.15

Acreage Holdings (XCNQ:ACRG.A.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.

Acreage Holdings Debt-to-Equity Related Terms

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Acreage Holdings (XCNQ:ACRG.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (XCNQ:ACRG.A.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ACRHF:USA ACRDF:USA 0VZ1:Germany ACRG.B.U:Canada

Address

450 Lexington Avenue, Suite 3308, New York, NY, USA, 10163

Website

https://www.acreageholdings.com

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.

Acreage Holdings (XCNQ:ACRG.A.U) Headlines

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