Verano Holdings (VRNO) Debt Ratio (2021 - 2026)
Verano Holdings' (VRNO) Debt Ratio came in at 0.23 for Q2 2026, up 11.3% from 0.21 a year earlier but down 0.1% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Debt Ratio (2021 - 2026) Analysis & Trends
Since Q4 2021, Verano Holdings has reported Debt Ratio for 18 quarters.
- Annual Debt Ratio has increased for four consecutive years.
- In prior years, Verano Holdings' Debt Ratio was 0.21 in FY2024 (+8.0%), 0.19 in FY2023 (+11.5%), 0.17 in FY2022 (+51.5%) and 0.11 in FY2021.
- Quarterly Debt Ratio has run from a low of 0.11 in Q4 2021 to a high of 0.23 in Q1 2026 over five years.
- On a year-over-year basis, Debt Ratio has increased in each of the last eight quarters, with growth averaging 10.3% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q4 2022, with growth of 51.5%; the weakest was Q2 2024, with a decline of 1.3%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.23 (Q1 2026), 0.23 (Q4 2025) and 0.21 (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 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 0.23 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.23 |
| Mar 31, 2026 | 0.23 |
| Dec 31, 2025 | 0.23 |
| Sep 30, 2025 | 0.21 |
| Jun 30, 2025 | 0.21 |
| Mar 31, 2025 | 0.21 |
| Dec 31, 2024 | 0.21 |
| Sep 30, 2024 | 0.18 |
| Jun 30, 2024 | 0.18 |
| Mar 31, 2024 | 0.19 |
| Dec 31, 2023 | 0.19 |
| Sep 30, 2023 | 0.18 |
| Jun 30, 2023 | 0.18 |
| Mar 31, 2023 | 0.18 |
| Dec 31, 2022 | 0.17 |
| Sep 30, 2022 | 0.15 |
| Jun 30, 2022 | 0.15 |
| Dec 31, 2021 | 0.11 |
API Access
Verano Holdings 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=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "VRNO", "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=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();