Trulieve Cannabis annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Trulieve Cannabis Debt-to-Equity Ratio Growth & History (TRLV)
Trulieve Cannabis's debt-to-equity ratio was 0.29 for fiscal 2025.
View full Trulieve Cannabis company overviewTrulieve Cannabis annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.29 | −0.17 | −36.44% |
| 2024 | 2024-12-31 | 0.46 | 0.08 | +20.54% |
| 2023 | 2023-12-31 | 0.38 | −0.00 | −0.97% |
| 2022 | 2022-12-31 | 0.38 | 0.07 | +23.56% |
| 2021 | 2021-12-31 | 0.31 | 0.15 | +97.61% |
| 2020 | 2020-12-31 | 0.16 | — | — |
Trulieve Cannabis quarterly debt-to-equity ratio
Q4.20
Q1.21
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
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.47 | −0.00 | −0.28% |
| Q1 2026 | 2026-03-31 | 0.35 | −0.12 | −26.09% |
| Q4 2025 | 2025-12-31 | 0.29 | −0.17 | −36.44% |
| Q3 2025 | 2025-09-30 | 0.48 | 0.04 | +9.26% |
| Q2 2025 | 2025-06-30 | 0.48 | 0.08 | +19.48% |
| Q1 2025 | 2025-03-31 | 0.47 | 0.08 | +20.83% |
| Q4 2024 | 2024-12-31 | 0.46 | 0.08 | +20.54% |
| Q3 2024 | 2024-09-30 | 0.44 | 0.06 | +17.12% |
| Q2 2024 | 2024-06-30 | 0.40 | −0.01 | −3.30% |
| Q1 2024 | 2024-03-31 | 0.39 | −0.01 | −1.60% |
| Q4 2023 | 2023-12-31 | 0.38 | −0.00 | −0.97% |
| Q3 2023 | 2023-09-30 | 0.37 | 0.00 | +0.42% |
| Q2 2023 | 2023-06-30 | 0.41 | 0.05 | +14.05% |
| Q1 2023 | 2023-03-31 | 0.39 | 0.04 | +11.09% |
| Q4 2022 | 2022-12-31 | 0.38 | 0.07 | +23.56% |
| Q3 2022 | 2022-09-30 | 0.37 | 0.09 | +32.60% |
| Q2 2022 | 2022-06-30 | 0.36 | 0.10 | +39.46% |
| Q1 2022 | 2022-03-31 | 0.36 | −0.04 | −9.29% |
| Q4 2021 | 2021-12-31 | 0.31 | 0.15 | +97.61% |
| Q3 2021 | 2021-09-30 | 0.28 | — | — |
| Q2 2021 | 2021-06-30 | 0.26 | — | — |
| Q1 2021 | 2021-03-31 | 0.39 | — | — |
| Q4 2020 | 2020-12-31 | 0.16 | — | — |
Trulieve Cannabis debt-to-equity ratio trends
Over the last five fiscal years, Trulieve Cannabis's debt-to-equity ratio increased from 0.16 to 0.29, a change of 0.13. The latest reported quarter, Q2 2026, shows 0.47.
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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