iAnthus Capital Holdings (XCNQ:IAN) Debt-to-Equity : -3.26 (As of Dec. 2023)

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What is iAnthus Capital Holdings Debt-to-Equity?

iAnthus Capital Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10.4 Mil. iAnthus Capital Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$259.2 Mil. iAnthus Capital Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-82.7 Mil. iAnthus Capital Holdings's debt to equity for the quarter that ended in Dec. 2023 was -3.26.

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

XCNQ:IAN' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.67 Med: 0.38 Max: 16.74
Current: -3.26

During the past 9 years, the highest Debt-to-Equity Ratio of iAnthus Capital Holdings was 16.74. The lowest was -9.67. And the median was 0.38.

XCNQ:IAN's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:IAN: -3.26

iAnthus Capital Holdings Debt-to-Equity Historical Data

The historical data trend for iAnthus Capital 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.

iAnthus Capital Holdings Debt-to-Equity Chart

iAnthus Capital Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

4.36

-9.67

16.74

-3.26

iAnthus Capital 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															16.74	-29.73	-7.69	-4.89	-3.26

Competitive Comparison of iAnthus Capital Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, iAnthus Capital 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.

iAnthus Capital Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

iAnthus Capital Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

iAnthus Capital 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
	=	(10.426	+	259.237)	/	-82.731
	=	-3.26

iAnthus Capital 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
	=	(10.426	+	259.237)	/	-82.731
	=	-3.26

iAnthus Capital Holdings (XCNQ:IAN) 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.

iAnthus Capital Holdings Debt-to-Equity Related Terms

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iAnthus Capital Holdings (XCNQ:IAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » iAnthus Capital Holdings Inc (XCNQ:IAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ITHUF:USA 2IA:Germany

Address

420 Lexington Avenue, Suite 414, New York, NY, USA, 10170

Website

https://www.ianthus.com

iAnthus Capital Holdings Inc owns and operates licensed cannabis cultivators, processors, and dispensaries throughout the United States. The company's operating segments include the Eastern Region and Western Region. It generates a majority of its revenue from the Eastern Region. The Eastern Region includes the company's operations in Florida, Maryland, Massachusetts, New York, New Jersey, Vermont, and its CBD business. Its Western Region includes the company's operations in Arizona, Colorado, and Nevada.

iAnthus Capital Holdings (XCNQ:IAN) Headlines

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