TerrAscend (TSX:TSND) Debt-to-Asset : 0.38 (As of Dec. 2023)

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What is TerrAscend Debt-to-Asset?

TerrAscend's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$189.2 Mil. TerrAscend's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$153.9 Mil. TerrAscend's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$894.2 Mil. TerrAscend's debt to asset for the quarter that ended in Dec. 2023 was 0.38.

TerrAscend Debt-to-Asset Historical Data

The historical data trend for TerrAscend'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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TerrAscend Debt-to-Asset Chart

TerrAscend Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.49

0.36

0.34

0.38

TerrAscend Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.34	0.34	0.35	0.36	0.38

Competitive Comparison of TerrAscend's Debt-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, TerrAscend'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.

TerrAscend's Debt-to-Asset Distribution in the Drug Manufacturers Industry

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

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

TerrAscend Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TerrAscend's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(189.18	+	153.868)	/	894.201
	=	0.38

TerrAscend's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(189.18	+	153.868)	/	894.201
	=	0.38

TerrAscend (TSX:TSND) 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.

TerrAscend Debt-to-Asset Related Terms

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TerrAscend (TSX:TSND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TerrAscend Corp (TSX:TSND) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TSNDF:USA TED:Germany

Address

3610 Mavis Road, Mississauga, ON, CAN, L5C 1W2

Website

https://www.terrascend.com

TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of patients. It also provides education and support programs to physicians and patients through healthcare professionals. It has one operating segment, being cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.

Executives

Jason Wild

10% Security Holder, Director

TerrAscend (TSX:TSND) Headlines

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