Acreage Holdings (Acreage Holdings) Debt-to-EBITDA : -3.58 (As of Dec. 2023)

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What is Acreage Holdings Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Acreage Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.6 Mil. Acreage Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $250.1 Mil. Acreage Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $-71.8 Mil. Acreage Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -3.58.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Acreage Holdings's Debt-to-EBITDA or its related term are showing as below:

ACRDF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -105.37 Med: -1.98 Max: 9.36
Current: -105.37

During the past 7 years, the highest Debt-to-EBITDA Ratio of Acreage Holdings was 9.36. The lowest was -105.37. And the median was -1.98.

ACRDF's Debt-to-EBITDA is ranked worse than
100% of 657 companies
in the Drug Manufacturers industry
Industry Median: 1.69 vs ACRDF: -105.37

Acreage Holdings Debt-to-EBITDA Historical Data

The historical data trend for Acreage Holdings's Debt-to-EBITDA 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-EBITDA Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.52

-0.56

-9.33

-1.98

-48.26

Acreage 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-EBITDA	Get a 7-Day Free Trial															-0.49	23.51	15.54	7.35	-3.58

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

For the Drug Manufacturers - Specialty & Generic subindustry, Acreage Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Drug Manufacturers Industry

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

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

Acreage Holdings Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Acreage Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(6.589	+	250.103)	/	-5.319
	=	-48.26

Acreage Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(6.589	+	250.103)	/	-71.784
	=	-3.58

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Acreage Holdings (OTCPK:ACRDF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Acreage Holdings Debt-to-EBITDA Related Terms

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

Acreage Holdings (Acreage Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (OTCPK:ACRDF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ACRHF:USA 0VZ1:Germany ACRG.A.U:Canada 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.