Canopy Growth Corporation

TSX:WEED Stock Report

Market Cap: CA$425.7m

Canopy Growth Balance Sheet Health

Financial Health criteria checks 3/6

Canopy Growth has a total shareholder equity of CA$509.7M and total debt of CA$553.9M, which brings its debt-to-equity ratio to 108.7%. Its total assets and total liabilities are CA$1.2B and CA$722.7M respectively.

Key information

108.7%

Debt to equity ratio

CA$553.85m

Debt

Interest coverage ration/a
CashCA$235.94m
EquityCA$509.67m
Total liabilitiesCA$722.68m
Total assetsCA$1.23b

Recent financial health updates

We Think Canopy Growth (TSE:WEED) Has A Fair Chunk Of Debt

Aug 17
We Think Canopy Growth (TSE:WEED) Has A Fair Chunk Of Debt

Is Canopy Growth (TSE:WEED) A Risky Investment?

Sep 17
Is Canopy Growth (TSE:WEED) A Risky Investment?

Is Canopy Growth (TSE:WEED) Using Too Much Debt?

Mar 21
Is Canopy Growth (TSE:WEED) Using Too Much Debt?

Recent updates

Canopy Growth Corporation (TSE:WEED) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Nov 05
Canopy Growth Corporation (TSE:WEED) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

More Unpleasant Surprises Could Be In Store For Canopy Growth Corporation's (TSE:WEED) Shares After Tumbling 26%

Aug 28
More Unpleasant Surprises Could Be In Store For Canopy Growth Corporation's (TSE:WEED) Shares After Tumbling 26%

We Think Canopy Growth (TSE:WEED) Has A Fair Chunk Of Debt

Aug 17
We Think Canopy Growth (TSE:WEED) Has A Fair Chunk Of Debt

Some Confidence Is Lacking In Canopy Growth Corporation (TSE:WEED) As Shares Slide 26%

Jun 15
Some Confidence Is Lacking In Canopy Growth Corporation (TSE:WEED) As Shares Slide 26%

Canopy Growth Corporation's (TSE:WEED) 77% Share Price Surge Not Quite Adding Up

Apr 20
Canopy Growth Corporation's (TSE:WEED) 77% Share Price Surge Not Quite Adding Up

More Unpleasant Surprises Could Be In Store For Canopy Growth Corporation's (TSE:WEED) Shares After Tumbling 28%

Feb 23
More Unpleasant Surprises Could Be In Store For Canopy Growth Corporation's (TSE:WEED) Shares After Tumbling 28%

Analysts Have Been Trimming Their Canopy Growth Corporation (TSE:WEED) Price Target After Its Latest Report

Feb 13
Analysts Have Been Trimming Their Canopy Growth Corporation (TSE:WEED) Price Target After Its Latest Report

Why We're Not Concerned Yet About Canopy Growth Corporation's (TSE:WEED) 42% Share Price Plunge

Dec 22
Why We're Not Concerned Yet About Canopy Growth Corporation's (TSE:WEED) 42% Share Price Plunge

Is Canopy Growth (TSE:WEED) A Risky Investment?

Sep 17
Is Canopy Growth (TSE:WEED) A Risky Investment?

With A 31% Price Drop For Canopy Growth Corporation (TSE:WEED) You'll Still Get What You Pay For

Apr 17
With A 31% Price Drop For Canopy Growth Corporation (TSE:WEED) You'll Still Get What You Pay For

Is Canopy Growth (TSE:WEED) Using Too Much Debt?

Mar 21
Is Canopy Growth (TSE:WEED) Using Too Much Debt?

Earnings Update: Canopy Growth Corporation (TSE:WEED) Just Reported And Analysts Are Trimming Their Forecasts

Feb 12
Earnings Update: Canopy Growth Corporation (TSE:WEED) Just Reported And Analysts Are Trimming Their Forecasts

Financial Position Analysis

Short Term Liabilities: WEED's short term assets (CA$391.7M) exceed its short term liabilities (CA$281.3M).

Long Term Liabilities: WEED's short term assets (CA$391.7M) do not cover its long term liabilities (CA$441.4M).

Debt to Equity History and Analysis

Debt Level: WEED's net debt to equity ratio (62.4%) is considered high.

Reducing Debt: WEED's debt to equity ratio has increased from 9.7% to 108.7% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: WEED has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: WEED has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 24.1% each year.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 04:36
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Canopy Growth Corporation is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron GreyAlliance Global Partners
Frederico Yokota Choucair GomesATB Capital Markets
Gaurav JainBarclays