Green Thumb Industries (XCNQ:GTII) Debt-to-Equity : 0.30 (As of Sep. 2024)

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What is Green Thumb Industries Debt-to-Equity?

Green Thumb Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$31 Mil. Green Thumb Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$687 Mil. Green Thumb Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$2,404 Mil. Green Thumb Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.30.

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 Green Thumb Industries's Debt-to-Equity or its related term are showing as below:

XCNQ:GTII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.27 Max: 0.34
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Green Thumb Industries was 0.34. The lowest was 0.02. And the median was 0.27.

XCNQ:GTII's Debt-to-Equity is ranked worse than
52.54% of 826 companies
in the Drug Manufacturers industry
Industry Median: 0.27 vs XCNQ:GTII: 0.30

Green Thumb Industries Debt-to-Equity Historical Data

The historical data trend for Green Thumb Industries'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.

Green Thumb Industries Debt-to-Equity Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.27

0.32

0.34

Green Thumb Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.34	0.33	0.33	0.30

Competitive Comparison of Green Thumb Industries's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.

Green Thumb Industries's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Green Thumb Industries's Debt-to-Equity falls into.

Green Thumb Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Thumb Industries'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
	=	(20.517	+	744.576)	/	2284.581
	=	0.33

Green Thumb Industries's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(30.785	+	686.744)	/	2404.181
	=	0.30

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries Debt-to-Equity Related Terms

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Green Thumb Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates 97 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to US federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RYTHM.