Ascend Wellness Holdings annual debt-to-equity ratio
2020
2021
2022
2023
2024
Ascend Wellness Holdings Debt-to-Equity Ratio Growth & History (AAWH)
Ascend Wellness Holdings's debt-to-equity ratio was 8.48 for fiscal 2024.
View full Ascend Wellness Holdings company overviewAscend Wellness Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | 8.48 | 4.42 | +108.97% |
| 2023 | 2023-12-31 | 4.06 | 0.55 | +15.67% |
| 2022 | 2022-12-31 | 3.51 | 0.86 | +32.65% |
| 2021 | 2021-12-31 | 2.65 | −95.12 | −97.29% |
| 2020 | 2020-12-31 | 97.76 | — | — |
Ascend Wellness Holdings quarterly debt-to-equity ratio
Q4.20
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2025 | 2025-09-30 | 362.63 | 355.81 | +5215.59% |
| Q2 2025 | 2025-06-30 | 22.71 | 17.69 | +352.28% |
| Q1 2025 | 2025-03-31 | 12.08 | 7.75 | +179.27% |
| Q4 2024 | 2024-12-31 | 8.48 | 4.42 | +108.97% |
| Q3 2024 | 2024-09-30 | 6.82 | 3.18 | +87.15% |
| Q2 2024 | 2024-06-30 | 5.02 | 1.52 | +43.24% |
| Q1 2024 | 2024-03-31 | 4.32 | 0.44 | +11.23% |
| Q4 2023 | 2023-12-31 | 4.06 | 0.55 | +15.67% |
| Q3 2023 | 2023-09-30 | 3.65 | 0.46 | +14.53% |
| Q2 2023 | 2023-06-30 | 3.51 | 0.70 | +24.97% |
| Q1 2023 | 2023-03-31 | 3.89 | 0.97 | +33.18% |
| Q4 2022 | 2022-12-31 | 3.51 | 0.86 | +32.65% |
| Q3 2022 | 2022-09-30 | 3.18 | 0.71 | +28.62% |
| Q2 2022 | 2022-06-30 | 2.81 | 1.19 | +73.87% |
| Q1 2022 | 2022-03-31 | 2.92 | — | — |
| Q4 2021 | 2021-12-31 | 2.65 | −95.12 | −97.29% |
| Q3 2021 | 2021-09-30 | 2.47 | — | — |
| Q2 2021 | 2021-06-30 | 1.61 | — | — |
| Q4 2020 | 2020-12-31 | 97.76 | — | — |
Ascend Wellness Holdings debt-to-equity ratio trends
Between the periods ended 2020-12-31 and 2024-12-31, Ascend Wellness Holdings's debt-to-equity ratio decreased from 97.76 to 8.48, a change of −89.28. The latest reported quarter, Q3 2025, shows 362.63.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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