Curaleaf Holdings (CURLF) Debt Ratio (2019 - 2026)
Curaleaf Holdings' (CURLF) Debt Ratio was 0.23 for Q3 2026, up 19.5% from 0.19 a year earlier and up 3.7% from the prior quarter.
Powered by 
Analysis
Curaleaf Holdings (CURLF) Debt Ratio (2019 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Curaleaf Holdings was 0.19, unchanged from FY2024.
- By year, Debt Ratio came in at 0.19 in FY2024 (+1.6%), 0.19 in FY2023 (+4.1%), 0.18 in FY2022 (+23.1%) and 0.15 in FY2021 (+20.2%).
- The Q3 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q4 2019.
- Year over year, Debt Ratio has now increased in each of the last three quarters, with growth averaging 7.0% over the last seven quarters.
- The high point for year-over-year Debt Ratio in five years was Q3 2022 (growth of 69.3%); the low point was Q1 2024 (a decline of 97.0%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.22 (Q2 2026), 0.20 (Q1 2026) and 0.19 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 303.52 Bn | 280.52 Bn | 7.85 Bn | 0.71 |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - | 0.32 |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn | 0.70 |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn | 0.23 |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn | 0.09 |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - | 0.01 |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn | 0.19 |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn | 0.34 |
| 10 | Tilray Brands | 363.35 Mn | -604.15 Mn | 77.51 Mn | 0.09 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.23 |
| Jun 30, 2026 | 0.22 |
| Mar 31, 2026 | 0.20 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 0.19 |
| Jun 30, 2025 | 0.19 |
| Mar 31, 2025 | 0.19 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.18 |
| Jun 30, 2024 | 0.18 |
| Mar 31, 2024 | 0.01 |
| Dec 31, 2023 | 0.19 |
| Sep 30, 2023 | 0.18 |
| Jun 30, 2023 | 0.17 |
| Mar 31, 2023 | 0.18 |
| Dec 31, 2022 | 0.18 |
| Sep 30, 2022 | 0.18 |
| Jun 30, 2022 | 0.18 |
| Mar 31, 2022 | 0.18 |
| Dec 31, 2021 | 0.15 |
API Access
Curaleaf 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=CURLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CURLF", "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=CURLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();