High Tide (TSXV:HITI) Debt-to-Asset : 0.28 (As of Jan. 2025)

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What is High Tide Debt-to-Asset?

High Tide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$22.1 Mil. High Tide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$44.5 Mil. High Tide's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2025 was C$235.7 Mil. High Tide's debt to asset for the quarter that ended in Jan. 2025 was 0.28.

High Tide Debt-to-Asset Historical Data

The historical data trend for High Tide's Debt-to-Asset 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.

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High Tide Debt-to-Asset Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Debt-to-Asset

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0.67

0.23

0.25

0.31

0.30

High Tide Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Debt-to-Asset	Get a 7-Day Free Trial															0.29	0.29	0.28	0.30	0.28

Competitive Comparison of High Tide's Debt-to-Asset

For the Pharmaceutical Retailers subindustry, High Tide's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

High Tide's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, High Tide's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where High Tide's Debt-to-Asset falls into.

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High Tide Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

High Tide's Debt-to-Asset for the fiscal year that ended in Oct. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(35.681	+	38.932)	/	246.208
	=	0.30

High Tide's Debt-to-Asset for the quarter that ended in Jan. 2025 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(22.097	+	44.45)	/	235.663
	=	0.28

High Tide (TSXV:HITI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

High Tide Debt-to-Asset Related Terms

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High Tide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (TSXV:HITI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HITI:USA 2LYA:Germany

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically integrated company in the Canadian cannabis market with various brands in its portfolio such as Canna Cabana, Fastendr, Queen of Bud, Grasscity, Daily High Club, Famous Brandz, and others. The company's reportable operating segments are; Bricks and mortar which generates maximum revenue, and E-commerce. Geographically, it derives maximum revenue from its business in Canada followed by the United States of America, and other international markets.

Executives

Aman Sood	Senior Officer
Harkirat Grover	Senior Officer
Christian Sinclair	Director
Nitin Kaushal	Director
Sergio Patino Gomez	Senior Officer
Omar Khan	Senior Officer
Arthur Kwan	Director
Andrea Elliott	Director
Joy Avzar	Senior Officer
Rahim Kanji	Senior Officer