TerrAscend (TSNDF) Debt Ratio (2021 - 2026)
TerrAscend's (TSNDF) Debt Ratio was 0.36 for Q2 2026, down 2.6% from 0.37 a year earlier and down 9.1% from the prior quarter.
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Analysis
TerrAscend (TSNDF) Debt Ratio (2021 - 2026) Analysis & Trends
For FY2025, Debt Ratio at TerrAscend was 0.38, up 22.7% from FY2024.
- By year, Debt Ratio came in at 0.31 in FY2024 (-1.1%), 0.32 in FY2023 (+14.5%), 0.28 in FY2022 (-14.2%) and 0.32 in FY2021.
- The Q2 2026 figure ranks as the lowest quarterly Debt Ratio since Q1 2025.
- Year over year, Debt Ratio gained in five of the last eight quarters, with growth averaging 12.9%.
- The high point for year-over-year Debt Ratio in five years was Q3 2025 (growth of 38.2%); the low point was Q3 2023 (a decline of 31.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.39 (Q1 2026), 0.38 (Q4 2025) and 0.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 0.72 |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | 0.62 |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 0.74 |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 0.22 |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 0.01 |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 0.05 |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 0.10 |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 0.34 |
| 10 | TerrAscend | 191.69 Mn | 39.35 Mn | 36.25 Mn | 0.36 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.36 |
| Mar 31, 2026 | 0.39 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.37 |
| Mar 31, 2025 | 0.32 |
| Dec 31, 2024 | 0.31 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.29 |
| Mar 31, 2024 | 0.31 |
| Dec 31, 2023 | 0.32 |
| Sep 30, 2023 | 0.31 |
| Jun 30, 2023 | 0.32 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.28 |
| Sep 30, 2022 | 0.45 |
| Jun 30, 2022 | 0.30 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.32 |
API Access
TerrAscend 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=TSNDF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TSNDF", "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=TSNDF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();