22nd Century (XXII) Debt Ratio (2010 - 2025)
22nd Century's Debt Ratio came in at 0.14 for Q2 2025, down 54.1% from 0.31 a year earlier and down 21.5% from the prior quarter.
Powered by 
Analysis
22nd Century (XXII) Debt Ratio (2010 - 2025) Analysis & Trends
For FY2024, 22nd Century's Debt Ratio was 0.31, down 39.2% from FY2023.
- Going back by year, Debt Ratio was 0.51 in FY2023, 0.03 in FY2022 (+117.3%), 0.02 in FY2021 (+50.5%) and 0.01 in FY2020 (-17.6%).
- The Q2 2025 figure represents the lowest quarterly Debt Ratio since Q2 2023.
- Year-over-year, Debt Ratio has declined for four consecutive quarters, with growth averaging 123.6% over the last seven quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q3 2023 (growth of 565.5%), and the weakest in Q1 2025 (a decline of 69.4%).
- Business Quant data shows XXII's Debt Ratio at 0.18 (Q1 2025), 0.31 (Q4 2024) and 0.27 (Q3 2024) in the three quarters before Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 0.72 |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 0.62 |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 0.74 |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 0.22 |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 0.01 |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 0.05 |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 0.10 |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 0.34 |
| 10 | 22nd Century | 175,762.43 | -27.42 Mn | -293,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 0.14 |
| Mar 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.31 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.31 |
| Mar 31, 2024 | 0.60 |
| Dec 31, 2023 | 0.51 |
| Sep 30, 2023 | 0.28 |
| Jun 30, 2023 | 0.14 |
| Mar 31, 2023 | 0.14 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.04 |
| Jun 30, 2022 | 0.06 |
| Dec 31, 2021 | 0.02 |
| Sep 30, 2021 | 0.02 |
| Jun 30, 2021 | 0.03 |
| Mar 31, 2021 | 0.00 |
| Dec 31, 2020 | 0.01 |
| Sep 30, 2020 | 0.03 |
| Jun 30, 2020 | 0.04 |
API Access
22nd Century 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=XXII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "XXII", "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=XXII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();