Green Thumb Industries Balance Sheet Health
Financial Health criteria checks 4/6
Green Thumb Industries has a total shareholder equity of $1.7B and total debt of $308.5M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are $2.5B and $786.8M respectively. Green Thumb Industries's EBIT is $190.1M making its interest coverage ratio 15.4. It has cash and short-term investments of $161.6M.
Key information
18.1%
Debt to equity ratio
US$308.52m
Debt
Interest coverage ratio | 15.4x |
Cash | US$161.63m |
Equity | US$1.70b |
Total liabilities | US$786.80m |
Total assets | US$2.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTBI.F's short term assets ($342.8M) exceed its short term liabilities ($126.1M).
Long Term Liabilities: GTBI.F's short term assets ($342.8M) do not cover its long term liabilities ($660.8M).
Debt to Equity History and Analysis
Debt Level: GTBI.F's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: GTBI.F's debt to equity ratio has increased from 2.1% to 18.1% over the past 5 years.
Debt Coverage: GTBI.F's debt is well covered by operating cash flow (72.9%).
Interest Coverage: GTBI.F's interest payments on its debt are well covered by EBIT (15.4x coverage).