Ayr Wellness (XCNQ:AYR.A) Debt-to-Equity : 1.03 (As of Dec. 2023)

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What is Ayr Wellness Debt-to-Equity?

Ayr Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$57.3 Mil. Ayr Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$744.7 Mil. Ayr Wellness's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$780.5 Mil. Ayr Wellness's debt to equity for the quarter that ended in Dec. 2023 was 1.03.

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 Ayr Wellness's Debt-to-Equity or its related term are showing as below:

XCNQ:AYR.A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.67 Max: 1.03
Current: 1.03

During the past 6 years, the highest Debt-to-Equity Ratio of Ayr Wellness was 1.03. The lowest was 0.35. And the median was 0.67.

XCNQ:AYR.A's Debt-to-Equity is ranked worse than
85.51% of 849 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs XCNQ:AYR.A: 1.03

Ayr Wellness Debt-to-Equity Historical Data

The historical data trend for Ayr Wellness'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.

Ayr Wellness Debt-to-Equity Chart

Ayr Wellness Annual Data

Trend

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.67

0.47

0.70

1.03

Ayr Wellness 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															0.70	0.91	0.95	0.98	1.03

Competitive Comparison of Ayr Wellness's Debt-to-Equity

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

Ayr Wellness's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Ayr Wellness's Debt-to-Equity falls into.

Ayr Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ayr Wellness'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
	=	(57.309	+	744.658)	/	780.513
	=	1.03

Ayr Wellness'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
	=	(57.309	+	744.658)	/	780.513
	=	1.03

Ayr Wellness (XCNQ:AYR.A) 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.

Ayr Wellness Debt-to-Equity Related Terms

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

Ayr Wellness (XCNQ:AYR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ayr Wellness Inc (XCNQ:AYR.A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AYRWF:USA 3KJB:Germany

Address

2601 South Bayshore Drive, Suite 900, Miami, FL, USA, 33133

Website

https://www.ayrwellness.com

Ayr Wellness Inc is a vertically integrated, U.S. multi-state cannabis operator, focused on delivering quality cannabis products and customer experience throughout its footprint. The company is focused on superior cultivation to grow superior branded cannabis products.

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