Ascend Wellness Holdings (AAWH) Debt Ratio (2020 - 2026)
Ascend Wellness Holdings' Debt Ratio came in at 0.36 for Q2 2026, down 7.2% from 0.39 a year earlier but up 3.6% from the prior quarter.
Powered by 
Analysis
Ascend Wellness Holdings (AAWH) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, Ascend Wellness Holdings' Debt Ratio was 0.33, up 4.1% from FY2024.
- Going back by year, Debt Ratio was 0.32 in FY2024 (-5.0%), 0.34 in FY2023 (-11.4%), 0.38 in FY2022 (+6.0%) and 0.36 in FY2021 (-27.7%).
- The five-year range for quarterly Debt Ratio is 0.32 (Q4 2024) to 0.41 (Q3 2025).
- Year-over-year, Debt Ratio increased in five of the last eight quarters, with growth averaging 4.0%.
- The fastest year-over-year change in Debt Ratio over five years came in Q2 2022 (growth of 59.0%), and the weakest in Q1 2022 (a decline of 36.8%).
- Business Quant data shows AAWH's Debt Ratio at 0.35 (Q1 2026), 0.33 (Q4 2025) and 0.41 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 0.72 |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 0.62 |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 0.74 |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 0.22 |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 0.01 |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 0.05 |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 0.10 |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 0.34 |
| 10 | Ascend Wellness Holdings | 227.42 Mn | -72.63 Mn | 45.49 Mn | 0.36 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.36 |
| Mar 31, 2026 | 0.35 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | 0.41 |
| Jun 30, 2025 | 0.39 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.32 |
| Sep 30, 2024 | 0.34 |
| Jun 30, 2024 | 0.33 |
| Mar 31, 2024 | 0.34 |
| Dec 31, 2023 | 0.34 |
| Sep 30, 2023 | 0.34 |
| Jun 30, 2023 | 0.34 |
| Mar 31, 2023 | 0.37 |
| Dec 31, 2022 | 0.38 |
| Sep 30, 2022 | 0.37 |
| Jun 30, 2022 | 0.35 |
| Mar 31, 2022 | 0.33 |
| Dec 31, 2021 | 0.36 |
| Sep 30, 2021 | 0.36 |
API Access
Ascend Wellness Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "AAWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();