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
DateValue
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