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Greater Cannabis Company, Inc. (GCAND) Debt Ratio (2017 - 2022)

Greater Cannabis Company (GCAND) has 6 years of Debt Ratio data on record, last reported at 0.86 in Q3 2022.

  • For Q3 2022, Debt Ratio rose 69.5% year-over-year to 0.86; the TTM value through Sep 2022 reached 0.86, up 69.5%, while the annual FY2021 figure was 0.66, 54.16% down from the prior year.
  • Debt Ratio reached 0.86 in Q3 2022 per GCAND's latest filing, up from 0.8 in the prior quarter.
  • Across five years, Debt Ratio topped out at 12.33 in Q1 2018 and bottomed at 0.45 in Q2 2021.
  • Average Debt Ratio over 5 years is 2.04, with a median of 1.34 recorded in 2019.
  • The widest YoY moves for Debt Ratio: up 184.15% in 2019, down 89.17% in 2019.
  • A 5-year view of Debt Ratio shows it stood at 1.74 in 2018, then skyrocketed by 184.15% to 4.94 in 2019, then plummeted by 70.76% to 1.44 in 2020, then tumbled by 54.16% to 0.66 in 2021, then soared by 30.65% to 0.86 in 2022.
  • Per Business Quant database, its latest 3 readings for Debt Ratio were 0.86 in Q3 2022, 0.8 in Q2 2022, and 0.68 in Q1 2022.