TerrAscend annual debt-to-equity ratio
2021
2022
2023
2024
2025
TerrAscend Debt-to-Equity Ratio Growth & History (TSNDF)
TerrAscend's debt-to-equity ratio was 0.37 for fiscal 2025.
View full TerrAscend company overviewTerrAscend annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.37 | 0.13 | +53.62% |
| 2024 | 2024-12-31 | 0.24 | −0.56 | −69.86% |
| 2023 | 2023-12-31 | 0.81 | 0.03 | +3.59% |
| 2022 | 2022-12-31 | 0.78 | 0.64 | +457.71% |
| 2021 | 2021-12-31 | 0.14 | — | — |
TerrAscend quarterly debt-to-equity ratio
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 | 0.55 | −1.51 | −73.29% |
| Q1 2026 | 2026-03-31 | 0.42 | 0.08 | +23.73% |
| Q4 2025 | 2025-12-31 | 0.37 | 0.13 | +53.62% |
| Q3 2025 | 2025-09-30 | 2.74 | 2.47 | +914.94% |
| Q2 2025 | 2025-06-30 | 2.06 | 1.75 | +554.78% |
| Q1 2025 | 2025-03-31 | 0.34 | −0.48 | −58.89% |
| Q4 2024 | 2024-12-31 | 0.24 | −0.56 | −69.86% |
| Q3 2024 | 2024-09-30 | 0.27 | 0.06 | +31.66% |
| Q2 2024 | 2024-06-30 | 0.32 | 0.16 | +101.52% |
| Q1 2024 | 2024-03-31 | 0.82 | 0.01 | +1.78% |
| Q4 2023 | 2023-12-31 | 0.81 | 0.03 | +3.59% |
| Q3 2023 | 2023-09-30 | 0.21 | −0.95 | −82.23% |
| Q2 2023 | 2023-06-30 | 0.16 | −0.39 | −71.50% |
| Q1 2023 | 2023-03-31 | 0.80 | 0.20 | +34.04% |
| Q4 2022 | 2022-12-31 | 0.78 | 0.64 | +457.71% |
| Q3 2022 | 2022-09-30 | 1.15 | — | — |
| Q2 2022 | 2022-06-30 | 0.55 | — | — |
| Q1 2022 | 2022-03-31 | 0.60 | — | — |
| Q4 2021 | 2021-12-31 | 0.14 | — | — |
TerrAscend debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, TerrAscend's debt-to-equity ratio increased from 0.14 to 0.37, a change of 0.23. The latest reported quarter, Q2 2026, shows 0.55.
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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