High Tide (HITI) Debt Ratio (2020 - 2026)
High Tide's (HITI) Debt Ratio was 0.08 for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 102.4% from 0.04 a year earlier and up 36.3% from the prior quarter.
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Analysis
High Tide (HITI) Debt Ratio (2020 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, High Tide's Debt Ratio came in at 0.30, up 14.1% year-over-year; for FY2025 (ended Oct 31, 2025), it was 0.09, down 37.8% from FY2024.
- By fiscal year, Debt Ratio came in at 0.14 in FY2024 (+13.1%), 0.12 in FY2023 (+8.1%), 0.11 in FY2022 (+60.6%) and 0.07 in FY2021 (-62.7%).
- Five-year quarterly Debt Ratio spans a low of 0.04 in fiscal Q3 2025 and a high of 0.14 in fiscal Q4 2024.
- Year over year, Debt Ratio has now increased in each of the last three quarters, with an average decline of 4.4% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was fiscal Q3 2026 (growth of 102.4%); the low point was fiscal Q3 2025 (a decline of 66.8%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 0.06 (Q2 2026), 0.08 (Q1 2026) and 0.09 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 312.70 Bn | 292.35 Bn | 7.66 Bn | 0.72 |
| 2 | British American Tobacco p.l.c | 130.71 Bn | 107.07 Bn | - | 0.32 |
| 3 | Altria | 125.50 Bn | 111.66 Bn | 3.82 Bn | 0.74 |
| 4 | Curaleaf Holdings | 2.18 Bn | 1.79 Bn | 169.91 Mn | 0.22 |
| 5 | Trulieve Cannabis | 2.17 Bn | 786.93 Mn | 162.29 Mn | 0.09 |
| 6 | RLX Technology | 2.03 Bn | -1.73 Bn | 52.74 Mn | 0.01 |
| 7 | Green Thumb Industries | 1.45 Bn | 295.00 Mn | 137.87 Mn | 0.20 |
| 8 | Turning Point Brands | 1.33 Bn | 435.77 Mn | 93.70 Mn | 0.34 |
| 9 | Cronos | 1.29 Bn | -1.99 Bn | 28.45 Mn | - |
| 10 | High Tide | 221.88 Mn | 112.62 Mn | 37.83 Mn | 0.08 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 0.08 |
| Apr 30, 2026 | 0.06 |
| Jan 31, 2026 | 0.08 |
| Oct 31, 2025 | 0.09 |
| Jul 31, 2025 | 0.04 |
| Apr 30, 2025 | 0.05 |
| Jan 31, 2025 | 0.05 |
| Oct 31, 2024 | 0.14 |
| Jul 31, 2024 | 0.12 |
| Apr 30, 2024 | 0.12 |
| Jan 31, 2024 | 0.12 |
| Oct 31, 2023 | 0.12 |
| Jul 31, 2023 | 0.11 |
| Apr 30, 2023 | 0.14 |
| Jan 31, 2023 | 0.12 |
| Oct 31, 2022 | 0.11 |
| Jul 31, 2022 | 0.11 |
| Apr 30, 2022 | 0.09 |
| Jan 31, 2022 | 0.06 |
| Oct 31, 2021 | 0.07 |
API Access
High Tide 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=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HITI", "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=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();