Greenlane Holdings (GNLN) Debt to Equity (2018 - 2023)
Greenlane Holdings (GNLN) posted Debt to Equity of $0.09 for FY2023, down 77.52% year-over-year from $0.4 in FY2022.
Greenlane Holdings (GNLN) Debt to Equity (2018 - 2023) Analysis & Trends
Greenlane Holdings (GNLN) has 6 years of Debt to Equity data on file, last reported at $0.09 in FY2023.
- Quarterly Debt to Equity fell 16.02% year-over-year to $0.15 in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $0.15 (down 16.02% YoY) and the FY2023 annual result came in at $0.09, down 77.52% from the prior year.
- Debt to Equity fell to $0.09 in FY2023 per GNLN's latest filing, from $0.4 in the prior year.
- The five-year high for Debt to Equity was $0.4 in FY2022, with the low at $0.05 in FY2021.
- Average Debt to Equity over 5 years is $0.15, with a median of $0.09 recorded in 2023.
- Year-over-year, Debt to Equity soared 649.13% in 2022 and tumbled 77.52% in 2023.
- Greenlane Holdings' Debt to Equity stood at $0.07 in 2019, then surged by 61.41% to $0.11 in 2020, then plunged by 52.31% to $0.05 in 2021, then soared by 649.13% to $0.4 in 2022, then sank by 77.52% to $0.09 in 2023.
- Business Quant data shows GNLN's Debt to Equity at $0.09 in FY2023, $0.4 in FY2022, and $0.05 in FY2021.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Yr) |
|---|---|---|---|---|---|
| 1 | Altria | 66.91 Bn | 63.43 Bn | 3.51 Bn | - |
| 2 | RLX Technology | 2.38 Bn | 1.75 Bn | 73.10 Mn | - |
| 3 | Turning Point Brands | 1.68 Bn | 1.51 Bn | 68.30 Mn | - |
| 4 | Universal | 1.30 Bn | 1.29 Bn | 98.47 Mn | 0.42 |
| 5 | Ispire Technology | 65.31 Mn | 47.02 Mn | 1.99 Mn | - |
| 6 | Rythm | 54.80 Mn | 21.54 Mn | 10.40 Mn | - |
| 7 | Greenlane Holdings | 9.60 Mn | -28.63 Mn | 217,000.00 | - |
| 8 | VPR Brands | 4.59 Mn | 1.87 Mn | 138,574.00 | - |
| 9 | Lftd Partners | 2.96 Mn | 873,406.64 | -1.71 Mn | - |
| 10 | 22nd Century | 128,296.63 | -9.42 Mn | -636,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 0.09 |
| Dec 31, 2022 | 0.40 |
| Dec 31, 2021 | 0.05 |
| Dec 31, 2020 | 0.11 |
| Dec 31, 2019 | 0.07 |
| Dec 31, 2018 | -0.74 |