Canopy Growth Corporation (CGC) Balance Sheet
CGC balance sheet, FY2026
March 31, 2026 · Canadian dollarsC$1.12B assets = C$421.1M liabilities + C$697.6M equity
Both columns are drawn to the same scale: what CGC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CGC financial health
Current ratio3.34
Comfortable · current assets cover current liabilities 3.34×
Debt / equity0.40
Low leverage · C$0.40 of debt for each $1 of equity
Equity / assets62.4%
Equity-funded · of assets funded by shareholders
Cash / debt133.0%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles18.5%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
CGC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$677.6MFY2017 | C$1.12BFY2026 | +5.7%/yr | |
| Total liabilities | C$62.9MFY2017 | C$421.1MFY2026 | +23.5%/yr | |
| Shareholders’ equity | C$639.8MFY2017 | C$697.6MFY2026 | +1.0%/yr | |
| Cash & short-term investments | C$101.8MFY2017 | C$370.7MFY2026 | +15.4%/yr | |
| Total debt | C$10.3MFY2017 | C$278.7MFY2026 | +44.2%/yr | |
| Net cash (debt) | C$91.5MFY2017 | C$92.0MFY2026 | +C$500,476 | |
| Working capital | C$161.1MFY2017 | C$371.0MFY2026 | +C$209.9M | |
| Current ratio | 10.12FY2017 | 3.34FY2026 | −6.78 | |
| Debt / equity | 0.02FY2017 | 0.40FY2026 | +0.38 | |
| Shares outstanding | 119.0MFY2017 | 2.98BFY2026 | +43.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CGC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CGC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CGC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CGC balance sheet in Canadian dollars
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$370.7M | C$131.5M | C$203.5M | C$773.2M | C$1.37B | C$2.32B | C$1.40B | C$4.54B | C$322.6M | C$101.8M |
| Cash & equivalents | C$364.7M | C$113.8M | C$170.3M | C$667.7M | C$776.0M | C$1.15B | C$915.6M | C$2.48B | C$322.6M | C$101.8M |
| Short-term investments | C$5.1M | C$17.7M | C$33.2M | C$105.5M | C$595.7M | C$1.16B | C$488.2M | C$2.06B | C$664,000 | C$0 |
| Receivables | C$36.3M | C$52.8M | C$51.8M | C$68.5M | C$86.6M | C$67.1M | C$63.3M | C$107.0M | C$21.4M | C$5.8M |
| Inventory | C$154.1M | C$96.4M | C$77.3M | C$83.2M | C$204.5M | C$369.5M | C$274.8M | C$190.1M | C$118.0M | C$60.7M |
| Other current assets | C$0 | C$14.0M | C$38.6M | C$152.3M | C$64.8M | C$84.1M | C$59.8M | C$78.0M | C$19.8M | C$10.5M |
| Total current assets | C$529.5M | C$294.6M | C$371.2M | C$1.08B | C$1.73B | C$2.84B | C$1.80B | C$4.92B | C$481.8M | C$178.8M |
| Property, plant & equipment (net) | C$441.4M | C$293.5M | C$320.1M | C$471.3M | C$942.8M | C$1.07B | C$1.07B | C$1.10B | C$303.7M | C$96.3M |
| Goodwill & intangible assets | C$206.5M | C$133.2M | C$147.3M | C$246.3M | C$2.12B | C$2.20B | C$1.71B | C$2.06B | C$416.4M | C$403.6M |
| Long-term investments | C$44.1M | C$35.3M | C$136.2M | C$568.3M | C$341.7M | C$708.3M | C$315.1M | C$475.8M | C$226.6M | C$24.0M |
| Other non-current assets | C$0 | C$161.1M | C$325.5M | C$76.6M | C$473.9M | C$5.0M | C$0 | C$176.9M | C$8.3M | C$0 |
| Total assets | C$1.12B | C$917.7M | C$1.30B | C$2.44B | C$5.61B | C$6.82B | C$4.82B | C$8.73B | C$1.44B | C$677.6M |
| Liabilities | ||||||||||
| Accounts payable | C$34.8M | C$26.1M | C$28.7M | C$31.8M | C$64.3M | C$67.3M | C$86.7M | C$188.9M | C$46.2M | C$5.7M |
| Short-term debt | C$30.6M | C$20.8M | C$119.1M | C$585.3M | C$47.3M | C$51.9M | C$39.9M | C$103.7M | C$1.6M | C$1.7M |
| Deferred revenue | — | — | C$5.8M | C$76.0M | — | C$100.8M | C$41.1M | C$37.6M | C$900,000 | C$588,000 |
| Total current liabilities | C$158.4M | C$94.4M | C$234.7M | C$803.8M | C$213.2M | C$284.3M | C$295.5M | C$411.7M | C$92.0M | C$17.7M |
| Long-term debt | C$217.1M | C$299.8M | C$493.3M | C$750.0M | C$1.49B | C$1.57B | C$500.7M | C$842.3M | C$6.9M | C$8.6M |
| Lease obligations | C$45.4M | C$44.3M | C$70.8M | C$109.3M | C$139.2M | C$136.2M | C$40.4M | C$0 | C$0 | C$0 |
| Other long-term liabilities | C$45.6M | C$36.3M | C$71.8M | C$125.8M | C$280.0M | C$1.34B | C$384.1M | C$236.4M | C$94.7M | C$36.6M |
| Total liabilities | C$421.1M | C$430.5M | C$799.8M | C$1.68B | C$1.98B | C$3.20B | C$1.18B | C$1.49B | C$193.6M | C$62.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$9.23B | C$8.80B | C$8.24B | C$7.94B | C$7.48B | C$7.17B | C$4.48B | C$6.03B | C$1.08B | C$621.5M |
| Retained earnings (deficit) | −C$11.14B | −C$10.93B | −C$10.33B | −C$9.67B | −C$6.38B | −C$6.07B | −C$3.04B | −C$835.1M | −C$91.6M | −C$21.3M |
| Treasury stock | — | — | — | — | — | — | — | C$0 | C$0 | C$0 |
| Accumulated other comprehensive income | C$10.5M | C$535,000 | −C$16.1M | −C$13.9M | −C$42.3M | −C$34.2M | C$155.2M | −C$5.9M | C$173.6M | C$39.5M |
| Minority interest | C$0 | C$0 | C$139,000 | C$1.6M | — | — | — | C$0 | C$0 | C$0 |
| Total shareholders' equity | C$697.6M | C$487.2M | C$500.4M | C$758.4M | C$3.58B | C$3.48B | C$3.43B | C$6.78B | C$1.16B | C$639.8M |
| Key figures | ||||||||||
| Total debt | C$278.7M | C$348.4M | C$668.0M | C$1.41B | C$1.64B | C$1.72B | C$439.7M | C$946.0M | C$8.4M | C$10.3M |
| Net cash (debt) | C$92.0M | −C$216.9M | −C$464.5M | −C$640.5M | −C$268.5M | C$598.3M | C$964.1M | C$3.60B | C$314.1M | C$91.5M |
| Working capital | C$371.0M | C$200.2M | C$136.5M | C$273.4M | C$1.51B | C$2.55B | C$1.51B | C$4.51B | C$389.7M | C$161.1M |
| Tangible book value | C$491.1M | C$354.0M | C$353.1M | C$512.1M | C$1.46B | C$1.28B | C$1.73B | C$4.72B | C$742.3M | C$236.1M |
| Shares outstanding | 2.98B | 107.6M | 74.8M | 46.4M | 39.1M | 375.7M | 356.1M | 337.5M | 177.3M | 119.0M |
| Current ratio | 3.34 | 3.12 | 1.58 | 1.34 | 8.10 | 9.98 | 6.10 | 11.95 | 5.24 | 10.12 |
| Quick ratio | 2.57 | 1.95 | 1.09 | 1.05 | 6.84 | 8.39 | 4.96 | 11.30 | 3.74 | 6.09 |
| Debt / equity | 0.40 | 0.72 | 1.34 | 1.86 | 0.46 | 0.49 | 0.13 | 0.14 | 0.01 | 0.02 |
| Equity / assets | 62.4% | 53.1% | 38.5% | 31.1% | 63.9% | 51.0% | 71.3% | 77.6% | 80.6% | 94.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | C$341.7M | C$364.7M | C$509.5M | C$298.1M | C$143.6M | C$131.5M | C$178.3M | C$231.2M | C$194.9M | C$203.5M | C$188.4M | C$272.2M |
| Cash & equivalents | C$336.6M | C$364.7M | C$509.5M | C$298.1M | C$126.2M | C$113.8M | C$161.9M | C$228.4M | C$192.2M | C$170.3M | C$142.7M | C$240.4M |
| Short-term investments | C$5.1M | C$0 | C$5.0M | C$5.7M | C$17.4M | C$17.7M | C$16.4M | C$2.8M | C$2.8M | C$33.2M | C$45.6M | C$31.9M |
| Receivables | C$42.6M | C$36.3M | C$44.6M | C$26.9M | C$50.0M | C$52.8M | C$49.1M | C$41.9M | C$50.9M | C$51.8M | C$51.0M | C$54.5M |
| Inventory | C$107.5M | C$110.5M | C$144.8M | C$102.4M | C$93.8M | C$96.4M | C$90.8M | C$90.1M | C$84.5M | C$77.3M | C$87.8M | C$88.0M |
| Other current assets | C$14.6M | C$18.0M | C$20.9M | C$18.5M | C$15.9M | C$14.0M | C$22.9M | C$28.5M | C$27.5M | C$38.6M | C$70.1M | C$78.9M |
| Total current assets | C$506.4M | C$529.5M | C$719.9M | C$445.8M | C$303.4M | C$294.6M | C$341.1M | C$391.7M | C$357.8M | C$371.2M | C$397.3M | C$493.7M |
| Property, plant & equipment (net) | C$311.2M | C$316.5M | C$391.1M | C$288.8M | C$291.3M | C$293.5M | C$299.6M | C$303.2M | C$315.0M | C$320.1M | C$340.5M | C$346.2M |
| Goodwill & intangible assets | C$144.2M | C$148.1M | C$169.7M | C$129.4M | C$131.7M | C$133.2M | C$133.9M | C$139.9M | C$142.3M | C$147.3M | C$204.3M | C$232.6M |
| Long-term investments | C$60.8M | C$44.1M | C$47.3M | C$61.5M | C$19.5M | C$35.3M | C$53.2M | C$139.8M | C$150.8M | C$136.2M | C$119.8M | C$142.7M |
| Other non-current assets | C$81.4M | C$80.6M | C$189.8M | C$144.3M | C$158.8M | C$161.1M | C$336.5M | C$257.8M | C$320.3M | C$325.5M | C$297.9M | C$453.0M |
| Total assets | C$1.10B | C$1.12B | C$1.52B | C$1.07B | C$904.7M | C$917.7M | C$1.16B | C$1.23B | C$1.29B | C$1.30B | C$1.36B | C$1.67B |
| Liabilities | ||||||||||||
| Accounts payable | C$28.6M | C$34.8M | C$27.4M | C$18.1M | C$24.1M | C$26.1M | C$28.9M | C$18.4M | C$25.5M | C$28.7M | C$25.8M | C$22.7M |
| Short-term debt | C$43.1M | C$30.6M | C$17.6M | C$14.5M | C$18.9M | C$20.8M | C$21.7M | C$180.0M | C$45.6M | C$119.1M | C$105.4M | C$63.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | C$1 | C$1 | C$40.1M | C$44.6M |
| Total current liabilities | C$166.8M | C$158.4M | C$134.9M | C$81.1M | C$98.7M | C$94.4M | C$97.0M | C$281.3M | C$166.6M | C$234.7M | C$221.3M | C$196.3M |
| Long-term debt | C$211.4M | C$217.1M | C$225.0M | C$226.3M | C$289.0M | C$299.8M | C$438.4M | C$415.9M | C$558.5M | C$493.3M | C$520.7M | C$631.2M |
| Lease obligations | C$37.1M | C$45.4M | C$30.1M | C$31.2M | C$32.5M | C$44.3M | C$48.1M | C$59.7M | C$62.6M | C$70.8M | C$81.2M | C$84.0M |
| Other long-term liabilities | C$37.2M | C$45.6M | C$117.7M | C$26.4M | C$28.0M | C$36.3M | C$37.3M | C$25.5M | C$28.2M | C$71.8M | C$73.0M | C$91.3M |
| Total liabilities | C$415.3M | C$421.1M | C$477.5M | C$333.8M | C$415.7M | C$430.5M | C$572.7M | C$722.7M | C$753.3M | C$799.8M | C$815.1M | C$918.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | C$9.24B | C$9.23B | C$12.58B | C$9.08B | C$8.84B | C$8.80B | C$8.67B | C$8.49B | C$8.39B | C$8.24B | C$8.22B | C$8.22B |
| Retained earnings (deficit) | −C$11.15B | −C$11.14B | −C$15.14B | −C$10.97B | −C$10.97B | −C$10.93B | −C$10.71B | −C$10.59B | −C$10.46B | −C$10.33B | −C$10.24B | −C$10.02B |
| Accumulated other comprehensive income | C$15.4M | C$10.5M | C$9.0M | C$14.0M | C$7.2M | C$535,000 | −C$9.0M | −C$16.0M | −C$21.5M | −C$16.1M | −C$16.0M | −C$24.8M |
| Minority interest | C$0 | C$0 | — | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | C$688.6M | C$697.6M | C$1.04B | C$736.0M | C$489.0M | C$487.2M | C$591.5M | C$509.7M | C$532.9M | C$500.4M | C$544.5M | C$749.3M |
| Key figures | ||||||||||||
| Total debt | C$277.3M | C$278.7M | C$350.1M | C$259.3M | C$327.8M | C$348.4M | C$489.7M | C$613.5M | C$623.5M | C$668.0M | C$693.3M | C$765.2M |
| Net cash (debt) | C$64.4M | C$86.0M | C$159.4M | C$38.7M | −C$184.2M | −C$216.9M | −C$311.3M | −C$382.3M | −C$428.6M | −C$464.5M | −C$504.9M | −C$492.9M |
| Working capital | C$339.6M | C$371.0M | C$585.0M | C$364.7M | C$204.7M | C$200.2M | C$244.1M | C$110.4M | C$191.2M | C$136.5M | C$175.9M | C$297.4M |
| Tangible book value | C$544.5M | C$549.5M | C$870.6M | C$606.6M | C$357.3M | C$354.0M | C$457.6M | C$369.8M | C$390.6M | C$353.1M | C$340.2M | C$516.7M |
| Shares outstanding | 422.3M | 385.0M | 345.5M | 274.0M | 188.3M | 107.6M | 110.3M | 86.8M | 79.2M | 89.5M | 82.9M | 71.6M |
| Current ratio | 3.04 | 3.34 | 5.34 | 5.50 | 3.07 | 3.12 | 3.52 | 1.39 | 2.15 | 1.58 | 1.79 | 2.52 |
| Quick ratio | 2.30 | 2.53 | 4.11 | 4.01 | 1.96 | 1.95 | 2.34 | 0.97 | 1.48 | 1.09 | 1.08 | 1.67 |
| Debt / equity | 0.40 | 0.40 | 0.34 | 0.35 | 0.67 | 0.72 | 0.83 | 1.20 | 1.17 | 1.34 | 1.27 | 1.02 |
| Equity / assets | 62.4% | 62.4% | 68.5% | 68.8% | 54.1% | 53.1% | 50.8% | 41.4% | 41.4% | 38.5% | 40.0% | 44.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed June 15, 2026); data from EODHD.
CGC financial position
At the end of fiscal 2026 (March 31, 2026), Canopy Growth had total assets of C$1.1 billion (up 21.9% from a year earlier), total liabilities of C$421.1 million and shareholders' equity of C$697.6 million. It held C$370.7 million in cash and short-term investments against C$278.7 million of debt, a net cash position of C$92.0 million. Its current ratio was 3.34. In the latest quarter (ended June 30, 2026) total assets were C$1.1 billion and equity C$688.6 million.
Related: CGC income statement, CGC cash flow statement, CGC key metrics. See the CGC stock overview for the latest quote and news.
CGC balance sheet FAQ
What are Canopy Growth's total assets?
Canopy Growth reported total assets of C$1.1 billion at the end of fiscal 2026 (March 31, 2026), compared with C$917.7 million a year earlier.
How much debt does Canopy Growth have?
Canopy Growth had C$278.7 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.40.
How much cash does Canopy Growth have?
Canopy Growth held C$370.7 million in cash and short-term investments at the end of fiscal 2026; with C$278.7 million of debt that is net cash of C$92.0 million.
What is Canopy Growth's book value?
Canopy Growth's shareholders' equity (book value) was C$697.6 million at the end of fiscal 2026.
What is Canopy Growth's current ratio?
Canopy Growth had current assets of C$529.5 million and current liabilities of C$158.4 million, a current ratio of 3.34 (it can cover its short-term obligations).
How much goodwill does Canopy Growth have?
Canopy Growth carried C$206.5 million of goodwill and intangible assets, 18.5% of total assets, at the end of fiscal 2026.