Greater Cannabis Company (GCAN) Debt to Equity (2016 - 2022)
Greater Cannabis Company (GCAN) recorded quarterly Debt to Equity of -$0.48 in Q4 2022, down 3.05% quarter-over-quarter from -$0.46 in Q3 2022, and up 13.91% on a YoY basis from -$0.42 in Q4 2021.
Greater Cannabis Company (GCAN) Debt to Equity (2016 - 2022) Analysis & Trends
Greater Cannabis Company's Debt to Equity history runs 7 years deep, the most recent figure standing at -$0.48 for Q4 2022.
- In Q4 2022, Debt to Equity rose 13.91% year-over-year to -$0.48; the TTM figure through Dec 2022 stood at -$0.48 (up 13.91% YoY), while the FY2022 annual figure was -$0.48, up 13.91% from the prior year.
- Debt to Equity was -$0.48 for Q4 2022 at Greater Cannabis Company, down from -$0.46 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $3.3 in Q1 2018 to a low of -$3.01 in Q2 2021.
- Historically, Debt to Equity has averaged -$0.25 across 5 years, with a median of -$0.46 in 2020.
- The sharpest annual moves came in 2018 and 2022: Debt to Equity plunged 1861.36% in 2018, then soared 86.53% in 2022.
- A 5-year view of Debt to Equity shows it stood at -$0.5 in 2018, then soared by 66.19% to -$0.17 in 2019, then jumped by 62.92% to -$0.06 in 2020, then sank by 789.2% to -$0.55 in 2021, then rose by 13.91% to -$0.48 in 2022.
- The last three Debt to Equity figures came in at -$0.48 (Q4 2022), -$0.46 (Q3 2022), and -$0.41 (Q2 2022), 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 | Greater Cannabis Company | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2022 | -0.48 |
| Sep 30, 2022 | -0.46 |
| Jun 30, 2022 | -0.41 |
| Mar 31, 2022 | -0.42 |
| Dec 31, 2021 | -0.55 |
| Sep 30, 2021 | -0.95 |
| Jun 30, 2021 | -3.01 |
| Mar 31, 2021 | -0.75 |
| Dec 31, 2020 | -0.06 |
| Sep 30, 2020 | -0.46 |
| Jun 30, 2020 | -0.25 |
| Mar 31, 2020 | -0.72 |
| Dec 31, 2019 | -0.17 |
| Sep 30, 2019 | -0.41 |
| Jun 30, 2019 | -0.48 |
| Mar 31, 2019 | -0.53 |
| Dec 31, 2018 | -0.50 |
| Sep 30, 2018 | -0.37 |
| Jun 30, 2018 | 2.68 |
| Mar 31, 2018 | 3.30 |