Canopy Growth (CGC) Debt to Equity (2017 - 2025)

Canopy Growth's (CGC) quarterly Debt to Equity came in at $0.3 in Q4 2025, down 60.25% year-on-year from $0.75 in Q4 2024, and down 4.28% quarter-over-quarter from $0.31 in Q3 2025.

Canopy Growth (CGC) Debt to Equity (2017 - 2025) Analysis & Trends

Canopy Growth has disclosed Debt to Equity across 9 years of filings, most recently posting $0.3 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at $0.3, down 60.25% year-over-year; the trailing twelve-month figure through Dec 2025 was $0.3 (down 60.25% YoY), and the FY2025 annual result was $0.63, down 46.97% from the prior year.
  • Debt to Equity came in at $0.3 for Q4 2025 at Canopy Growth, down from $0.31 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.72 in Q1 2023 to a low of $0.3 in Q4 2025.
  • The 5-year median for Debt to Equity is $0.81 (2022), against an average of $0.78.
  • Across the five-year window, Debt to Equity soared 398.31% in 2021 and plunged 71.47% in 2025, its largest moves.
  • Canopy Growth's Debt to Equity stood at $0.36 in 2021, then soared by 143.34% to $0.89 in 2022, then rose by 26.55% to $1.12 in 2023, then slumped by 33.57% to $0.75 in 2024, then plunged by 60.25% to $0.3 in 2025.
  • The last three Debt to Equity figures came in at $0.3 (Q4 2025), $0.31 (Q3 2025), and $0.6 (Q2 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 Canopy Growth 11.38 Mn -137.31 Mn 15.39 Mn 0.30

Historic Data

Download Data
DateValue
Dec 31, 2025 0.30
Sep 30, 2025 0.31
Jun 30, 2025 0.60
Mar 31, 2025 0.63
Dec 31, 2024 0.75
Sep 30, 2024 1.09
Jun 30, 2024 1.05
Mar 31, 2024 1.19
Dec 31, 2023 1.12
Sep 30, 2023 0.91
Jun 30, 2023 1.23
Mar 31, 2023 1.72
Dec 31, 2022 0.89
Sep 30, 2022 0.87
Jun 30, 2022 0.89
Mar 31, 2022 0.42
Dec 31, 2021 0.36
Sep 30, 2021 0.36
Jun 30, 2021 0.38
Mar 31, 2021 0.45