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| Date | Value |
|---|---|
| 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 |