Cannabist Company Holdings (NEOE:CBST) Debt-to-Equity : 8.17 (As of Dec. 2023)

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What is Cannabist Company Holdings Debt-to-Equity?

Cannabist Company Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$30.8 Mil. Cannabist Company Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$702.2 Mil. Cannabist Company Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$89.7 Mil. Cannabist Company Holdings's debt to equity for the quarter that ended in Dec. 2023 was 8.17.

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

NEOE:CBST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.96 Max: 8.17
Current: 8.17

During the past 6 years, the highest Debt-to-Equity Ratio of Cannabist Company Holdings was 8.17. The lowest was 0.31. And the median was 0.96.

NEOE:CBST's Debt-to-Equity is ranked worse than
98.48% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs NEOE:CBST: 8.17

Cannabist Company Holdings Debt-to-Equity Historical Data

The historical data trend for Cannabist Company 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.

Cannabist Company Holdings Debt-to-Equity Chart

Cannabist Company Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.96

0.74

2.66

8.17

Cannabist Company 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-Equity	Get a 7-Day Free Trial															2.66	3.08	3.55	3.80	8.17

Competitive Comparison of Cannabist Company Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabist Company 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.

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

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

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

Cannabist Company Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cannabist Company 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
	=	(30.796	+	702.152)	/	89.715
	=	8.17

Cannabist Company 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
	=	(30.796	+	702.152)	/	89.715
	=	8.17

Cannabist Company Holdings (NEOE:CBST) 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.

Cannabist Company Holdings Debt-to-Equity Related Terms

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

Cannabist Company Holdings (NEOE:CBST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabist Company Holdings Inc (NEOE:CBST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CBSTF:USA VW5:Germany

Address

680 Fifth Avenue, 24th Floor, New York, NY, USA, 10019

Website

https://investors.columbia.care

Cannabist Company Holdings Inc Formerly Columbia Care Inc is a cultivator, manufacturer, and provider of medical cannabis products and services. Some of its products are Vaporization Oil, Sublingual Tinctures, Lotions, Hard Pressed Tablets, and Suppositories, among others. The company markets its products under Amber, ClaraCeed, Press, Platinum label, Platinum Partners, Seed & Starin, and Triple 777 brands.

Cannabist Company Holdings (NEOE:CBST) Headlines

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