Green Thumb Industries (XCNQ:GTII) Debt-to-EBITDA : 1.89 (As of Dec. 2023)

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What is Green Thumb Industries Debt-to-EBITDA?

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

Green Thumb Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$21 Mil. Green Thumb Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$745 Mil. Green Thumb Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was C$406 Mil. Green Thumb Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.89.

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

XCNQ:GTII' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.24 Med: 1.76 Max: 70.08
Current: 1.75

During the past 13 years, the highest Debt-to-EBITDA Ratio of Green Thumb Industries was 70.08. The lowest was 1.24. And the median was 1.76.

XCNQ:GTII's Debt-to-EBITDA is ranked worse than
51.6% of 657 companies
in the Drug Manufacturers industry
Industry Median: 1.69 vs XCNQ:GTII: 1.75

Green Thumb Industries Debt-to-EBITDA Historical Data

The historical data trend for Green Thumb Industries'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.

Green Thumb Industries Debt-to-EBITDA Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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70.08

1.24

1.31

1.98

1.76

Green Thumb Industries 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															-8.15	1.64	1.75	1.61	1.89

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

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

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

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

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

Green Thumb Industries Debt-to-EBITDA Calculation

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

Green Thumb Industries'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
	=	(20.517	+	744.576)	/	434.87
	=	1.76

Green Thumb Industries'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
	=	(20.517	+	744.576)	/	405.868
	=	1.89

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.

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries Debt-to-EBITDA Related Terms

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

Green Thumb Industries (XCNQ:GTII) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GTBIF:USA 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 15 states and operates roughly 87 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 U.S. 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.