Ascend Wellness Holdings (AAWH) Debt to Equity (2020 - 2026)

Ascend Wellness Holdings (AAWH) recorded quarterly Debt to Equity of -$3.94 in Q1 2026, up 37.93% quarter-over-quarter from -$6.35 in Q4 2025, and down 162.42% on a YoY basis from $6.32 in Q1 2025.

Ascend Wellness Holdings (AAWH) Debt to Equity (2020 - 2026) Analysis & Trends

Ascend Wellness Holdings' Debt to Equity history runs 7 years deep, the most recent figure standing at -$3.94 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 162.42% year-over-year to -$3.94; the TTM figure through Mar 2026 stood at -$3.94 (down 162.42% YoY), while the FY2025 annual figure was -$6.35, down 258.92% from the prior year.
  • Debt to Equity was -$3.94 for Q1 2026 at Ascend Wellness Holdings, up from -$6.35 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $143.15 in Q3 2025 to a low of -$6.35 in Q4 2025.
  • Historically, Debt to Equity has averaged $10.52 across 5 years, with a median of $2.14 in 2023.
  • Biggest YoY gain for Debt to Equity was 4060.72% in 2025; the steepest drop was 258.92% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $2.02 in 2022, then climbed by 5.74% to $2.14 in 2023, then jumped by 86.91% to $4.0 in 2024, then slumped by 258.92% to -$6.35 in 2025, then surged by 37.93% to -$3.94 in 2026.
  • The last three Debt to Equity figures came in at -$3.94 (Q1 2026), -$6.35 (Q4 2025), and $143.15 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 2.02
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 2.80
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn -
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 0.01
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn -
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 0.61
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 0.86
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 0.47
10 Ascend Wellness Holdings - - 44.88 Mn -3.94

Historic Data

Download Data
DateValue
Mar 31, 2026 -3.94
Dec 31, 2025 -6.35
Sep 30, 2025 143.15
Jun 30, 2025 12.42
Mar 31, 2025 6.32
Dec 31, 2024 4.00
Sep 30, 2024 3.44
Jun 30, 2024 2.63
Mar 31, 2024 2.29
Dec 31, 2023 2.14
Sep 30, 2023 1.93
Jun 30, 2023 1.87
Mar 31, 2023 2.18
Dec 31, 2022 2.02
Sep 30, 2022 1.78
Jun 30, 2022 1.57
Mar 31, 2022 1.48
Dec 31, 2021 1.47
Sep 30, 2021 1.39
Jun 30, 2021 0.68