OrganiGram Holdings Inc. (OGI) Balance Sheet
OGI balance sheet, FY2025
September 30, 2025 · Canadian dollarsC$562.2M assets = C$213.1M liabilities + C$349.1M equity
Both columns are drawn to the same scale: what OGI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OGI financial health
Current ratio2.26
Comfortable · current assets cover current liabilities 2.26×
Debt / equity0.03
Low leverage · C$0.03 of debt for each $1 of equity
Equity / assets62.1%
Equity-funded · of assets funded by shareholders
Cash / debt331.6%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles18.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
OGI balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$53.9MFY2016 | C$562.2MFY2025 | +29.8%/yr | |
| Total liabilities | C$9.6MFY2016 | C$213.1MFY2025 | +41.1%/yr | |
| Shareholders’ equity | C$44.3MFY2016 | C$349.1MFY2025 | +25.8%/yr | |
| Cash & short-term investments | C$32.6MFY2016 | C$29.0MFY2025 | −1.3%/yr | |
| Total debt | C$7.5MFY2016 | C$8.8MFY2025 | +1.7%/yr | |
| Net cash (debt) | C$25.1MFY2016 | C$20.3MFY2025 | −C$4.9M | |
| Working capital | C$38.2MFY2016 | C$158.7MFY2025 | +C$120.5M | |
| Current ratio | 16.62FY2016 | 2.26FY2025 | −14.36 | |
| Debt / equity | 0.17FY2016 | 0.03FY2025 | −0.14 | |
| Shares outstanding | 14.7MFY2016 | 127.7MFY2025 | +27.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OGI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
OGI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
OGI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OGI balance sheet in Canadian dollars
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$29.0M | C$107.6M | C$33.9M | C$98.6M | C$183.6M | C$74.7M | C$47.9M | C$130.1M | C$34.0M | C$32.6M |
| Cash & equivalents | C$28.2M | C$106.7M | C$33.9M | C$68.5M | C$55.4M | C$24.6M | C$47.6M | C$55.1M | C$2.0M | C$9.9M |
| Short-term investments | C$826,000 | C$821,000 | — | C$30.1M | C$128.2M | C$50.1M | C$380,000 | C$75.0M | C$32.0M | C$22.8M |
| Receivables | C$64.9M | C$37.2M | C$27.5M | C$46.4M | C$21.3M | C$17.0M | C$11.6M | C$793,000 | C$4.1M | C$1.6M |
| Inventory | C$124.0M | C$82.5M | C$81.0M | C$68.3M | C$48.8M | C$71.8M | C$113.8M | C$64.8M | C$5.4M | C$6.3M |
| Other current assets | C$67.1M | C$35.0M | C$13.7M | C$8.4M | C$7.0M | C$6.7M | C$22.9M | C$7.5M | C$1.2M | C$149,740 |
| Total current assets | C$284.9M | C$262.2M | C$156.0M | C$221.6M | C$260.6M | C$170.2M | C$196.3M | C$203.2M | C$44.7M | C$40.7M |
| Property, plant & equipment (net) | C$123.0M | C$96.2M | C$99.0M | C$259.8M | C$235.9M | C$247.4M | C$219.0M | C$98.6M | C$45.3M | C$13.2M |
| Goodwill & intangible assets | C$101.0M | C$8.1M | C$10.6M | C$56.2M | C$17.0M | C$1.8M | C$1.5M | C$0 | C$2.3M | C$0 |
| Long-term investments | C$49.5M | C$40.8M | C$0 | C$7.1M | C$6.1M | C$7.0M | C$11.1M | C$0 | C$0 | C$0 |
| Other non-current assets | C$3.8M | C$545,000 | C$32.8M | C$32.4M | C$34.3M | C$8.7M | C$592,000 | C$714,000 | C$467,490 | C$0 |
| Total assets | C$562.2M | C$407.9M | C$298.5M | C$577.1M | C$554.0M | C$435.1M | C$428.5M | C$302.6M | C$92.8M | C$53.9M |
| Liabilities | ||||||||||
| Accounts payable | C$89.2M | C$47.1M | C$20.0M | C$40.9M | C$19.0M | C$17.5M | C$40.4M | C$10.8M | C$6.3M | C$2.1M |
| Short-term debt | C$1.0M | C$1.1M | C$1.1M | C$996,000 | C$1.1M | C$11.6M | C$3.5M | C$421,000 | C$389,816 | C$330,649 |
| Deferred revenue | — | — | C$94,000 | C$2.4M | — | — | −C$3.5M | — | — | — |
| Total current liabilities | C$126.2M | C$53.3M | C$22.4M | C$55.3M | C$26.3M | C$29.1M | C$43.9M | C$11.2M | C$6.6M | C$2.4M |
| Long-term debt | C$0 | C$25,000 | C$0 | C$155,000 | C$230,000 | C$103.7M | C$46.1M | C$98.7M | C$3.1M | C$7.2M |
| Lease obligations | C$8.7M | C$4.4M | — | C$3.1M | C$4.7M | C$2.6M | C$0 | — | — | — |
| Other long-term liabilities | C$86.9M | C$48.5M | C$4.4M | C$13.6M | C$47.7M | C$2.8M | C$11.6M | C$8.0M | C$0 | C$1 |
| Total liabilities | C$213.1M | C$101.9M | C$26.8M | C$69.0M | C$74.2M | C$135.6M | C$101.5M | C$118.0M | C$9.8M | C$9.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$919.9M | C$852.9M | C$776.9M | C$769.7M | C$730.8M | C$420.7M | C$318.1M | C$157.8M | C$99.7M | C$51.0M |
| Retained earnings (deficit) | −C$608.7M | −C$584.0M | −C$538.5M | −C$289.9M | −C$275.6M | −C$144.9M | −C$8.8M | C$759,000 | −C$19.8M | −C$8.9M |
| Treasury stock | — | — | — | — | — | — | — | C$0 | C$0 | C$0 |
| Accumulated other comprehensive income | C$37.9M | C$37.1M | C$33.2M | C$28.3M | C$24.6M | C$23.8M | C$17.7M | C$26.0M | −C$2.6M | C$2.2M |
| Minority interest | — | — | — | — | — | — | — | C$0 | C$0 | C$0 |
| Total shareholders' equity | C$349.1M | C$306.0M | C$271.6M | C$508.1M | C$479.8M | C$299.5M | C$327.0M | C$184.6M | C$83.0M | C$44.3M |
| Key figures | ||||||||||
| Total debt | C$8.8M | C$4.5M | C$4.7M | C$3.4M | C$5.9M | C$117.9M | C$49.6M | C$99.2M | C$3.5M | C$7.5M |
| Net cash (debt) | C$20.3M | C$103.1M | C$29.1M | C$95.2M | C$177.6M | −C$43.2M | −C$1.6M | C$30.9M | C$30.4M | C$25.1M |
| Working capital | C$158.7M | C$208.9M | C$133.5M | C$166.3M | C$234.3M | C$141.1M | C$152.4M | C$192.0M | C$38.0M | C$38.2M |
| Tangible book value | C$248.1M | C$297.9M | C$261.0M | C$451.8M | C$462.8M | C$297.8M | C$325.5M | C$184.6M | C$80.7M | C$44.3M |
| Shares outstanding | 127.7M | 95.3M | 81.3M | 77.2M | 64.0M | 48.6M | 35.2M | 31.7M | 24.3M | 14.7M |
| Current ratio | 2.26 | 4.92 | 6.95 | 4.01 | 9.92 | 5.85 | 4.47 | 18.06 | 6.72 | 16.62 |
| Quick ratio | 0.74 | 2.71 | 2.73 | 2.62 | 7.80 | 3.15 | 1.36 | 11.63 | 5.72 | 13.98 |
| Debt / equity | 0.03 | 0.01 | 0.02 | 0.01 | 0.01 | 0.39 | 0.15 | 0.54 | 0.04 | 0.17 |
| Equity / assets | 62.1% | 75.0% | 91.0% | 88.0% | 86.6% | 68.8% | 76.3% | 61.0% | 89.5% | 82.2% |
| 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$11.7M | C$54.9M | C$8.4M | C$29.0M | C$36.8M | C$14.1M | C$46.8M | C$107.6M | C$80.1M | C$72.6M | C$41.8M | C$33.9M |
| Cash & equivalents | C$10.9M | C$54.1M | C$7.6M | C$28.2M | C$35.9M | C$13.2M | C$44.3M | C$106.7M | C$79.3M | C$71.8M | C$41.8M | C$33.9M |
| Short-term investments | C$816,000 | C$813,095 | C$805,000 | C$826,000 | C$900,000 | C$873,000 | C$2.5M | C$821,000 | C$811,000 | C$802,000 | C$515,000 | — |
| Receivables | C$88.6M | C$53.5M | C$49.9M | C$64.9M | C$57.5M | C$50.0M | C$47.1M | C$37.2M | C$29.9M | C$29.2M | C$28.5M | C$27.5M |
| Inventory | C$165.1M | C$135.5M | C$132.7M | C$124.0M | C$125.2M | C$115.0M | C$104.0M | C$82.5M | C$84.1M | C$83.3M | C$81.2M | C$81.0M |
| Other current assets | C$14.8M | C$6.8M | C$65.5M | C$67.1M | C$58.3M | C$79.4M | C$33.6M | C$35.0M | C$11.6M | C$9.2M | C$8.8M | C$13.7M |
| Total current assets | C$280.1M | C$250.7M | C$256.5M | C$284.9M | C$277.8M | C$258.5M | C$231.5M | C$262.2M | C$205.7M | C$194.3M | C$160.3M | C$156.0M |
| Property, plant & equipment (net) | C$121.1M | C$121.2M | C$123.5M | C$123.0M | C$123.5M | C$119.9M | C$120.0M | C$96.2M | C$95.4M | C$97.1M | C$98.2M | C$99.0M |
| Goodwill & intangible assets | C$398.2M | C$92.0M | C$99.3M | C$101.0M | C$103.1M | C$105.4M | C$81.6M | C$8.1M | C$8.8M | C$9.5M | C$10.2M | C$7.8M |
| Long-term investments | C$19.8M | C$57.1M | C$49.4M | C$49.5M | C$9.9M | C$47.6M | C$44.8M | C$40.8M | C$34.9M | C$18.9M | C$16.4M | C$0 |
| Other non-current assets | C$974,000 | C$1.7M | C$2.0M | C$3.8M | C$50.3M | C$6.5M | C$1.2M | C$545,000 | C$10.0M | C$12.1M | C$13.9M | C$35.6M |
| Total assets | C$820.3M | C$522.7M | C$530.7M | C$562.2M | C$564.6M | C$537.9M | C$479.2M | C$407.9M | C$354.7M | C$331.8M | C$299.0M | C$298.5M |
| Liabilities | ||||||||||||
| Accounts payable | C$99.9M | C$73.3M | C$71.1M | C$89.2M | C$89.8M | C$63.0M | C$63.3M | C$47.1M | C$39.7M | C$40.2M | C$35.6M | C$14.7M |
| Short-term debt | C$3.4M | C$959,472 | C$947,000 | C$1.0M | C$1.1M | C$1.3M | C$1.5M | C$1.1M | C$61,000 | C$66,000 | C$71,000 | C$1.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | C$30,000 | C$94,000 |
| Total current liabilities | C$107.3M | C$89.0M | C$94.1M | C$126.2M | C$107.3M | C$75.6M | C$69.0M | C$53.3M | C$47.9M | C$56.0M | C$37.5M | C$22.4M |
| Long-term debt | C$17.6M | C$0 | C$0 | C$0 | C$0 | C$0 | C$10,000 | C$25,000 | C$39,000 | C$52,000 | C$65,000 | C$0 |
| Lease obligations | C$10.5M | C$8.2M | C$8.4M | C$8.7M | C$9.1M | C$9.5M | C$9.9M | C$4.4M | — | — | — | — |
| Other long-term liabilities | C$138.9M | C$60.9M | C$67.2M | C$86.9M | C$71.8M | C$71.7M | C$86.6M | C$48.5M | C$11.0M | C$3.9M | C$3.7M | C$4.4M |
| Total liabilities | C$263.7M | C$149.9M | C$161.2M | C$213.1M | C$179.1M | C$147.3M | C$155.6M | C$101.9M | C$58.9M | C$60.0M | C$41.2M | C$26.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | C$933.6M | C$926.6M | C$921.6M | C$919.9M | C$918.4M | C$917.3M | C$892.6M | C$852.9M | C$837.7M | C$817.3M | C$776.9M | C$776.9M |
| Retained earnings (deficit) | −C$484.1M | −C$591.2M | −C$588.8M | −C$608.7M | −C$570.8M | −C$564.5M | −C$606.9M | −C$584.0M | −C$578.5M | −C$581.4M | −C$554.3M | −C$538.5M |
| Accumulated other comprehensive income | C$36.0M | C$37.4M | C$36.6M | C$37.9M | C$37.8M | C$37.8M | C$38.0M | C$37.1M | C$36.7M | C$35.8M | C$35.2M | C$33.2M |
| Total shareholders' equity | C$556.5M | C$372.8M | C$369.5M | C$349.1M | C$385.5M | C$390.6M | C$323.6M | C$306.0M | C$295.9M | C$271.8M | C$257.8M | C$271.6M |
| Key figures | ||||||||||||
| Total debt | C$21.0M | C$8.2M | C$8.5M | C$8.8M | C$9.1M | C$9.5M | C$9.9M | C$4.5M | C$100,000 | C$118,000 | C$136,000 | C$4.7M |
| Net cash (debt) | −C$9.3M | C$46.7M | −C$71,000 | C$20.3M | C$27.6M | C$4.5M | C$36.9M | C$103.1M | C$80.0M | C$72.5M | C$41.7M | C$29.1M |
| Working capital | C$172.8M | C$161.8M | C$162.5M | C$158.7M | C$170.5M | C$182.9M | C$162.5M | C$208.9M | C$157.8M | C$138.2M | C$122.8M | C$133.5M |
| Tangible book value | C$158.3M | C$280.8M | C$270.2M | C$248.1M | C$282.4M | C$285.2M | C$242.0M | C$297.9M | C$287.1M | C$262.3M | C$247.6M | C$263.8M |
| Shares outstanding | 136.5M | 131.6M | 136.8M | 134.1M | 133.9M | 133.5M | 113.6M | 69.4M | 108.4M | 91.2M | 81.2M | 81.2M |
| Current ratio | 2.61 | 2.82 | 2.73 | 2.26 | 2.59 | 3.42 | 3.36 | 4.92 | 4.29 | 3.47 | 4.28 | 6.95 |
| Quick ratio | 0.93 | 1.22 | 0.62 | 0.74 | 0.88 | 0.85 | 1.36 | 2.71 | 2.30 | 1.82 | 1.88 | 2.73 |
| Debt / equity | 0.04 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 |
| Equity / assets | 67.8% | 71.3% | 69.6% | 62.1% | 68.3% | 72.6% | 67.5% | 75.0% | 83.4% | 81.9% | 86.2% | 91.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed December 16, 2025); data from EODHD.
OGI financial position
At the end of fiscal 2025 (September 30, 2025), OrganiGram had total assets of C$562.2 million (up 37.8% from a year earlier), total liabilities of C$213.1 million and shareholders' equity of C$349.1 million. It held C$29.0 million in cash and short-term investments against C$8.8 million of debt, a net cash position of C$20.3 million. Its current ratio was 2.26. In the latest quarter (ended June 30, 2026) total assets were C$820.3 million and equity C$556.5 million.
Related: OGI income statement, OGI cash flow statement, OGI key metrics. See the OGI stock overview for the latest quote and news.
OGI balance sheet FAQ
What are OrganiGram's total assets?
OrganiGram reported total assets of C$562.2 million at the end of fiscal 2025 (September 30, 2025), compared with C$407.9 million a year earlier.
How much debt does OrganiGram have?
OrganiGram had C$8.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does OrganiGram have?
OrganiGram held C$29.0 million in cash and short-term investments at the end of fiscal 2025; with C$8.8 million of debt that is net cash of C$20.3 million.
What is OrganiGram's book value?
OrganiGram's shareholders' equity (book value) was C$349.1 million at the end of fiscal 2025.
What is OrganiGram's current ratio?
OrganiGram had current assets of C$284.9 million and current liabilities of C$126.2 million, a current ratio of 2.26 (it can cover its short-term obligations).
How much goodwill does OrganiGram have?
OrganiGram carried C$101.0 million of goodwill and intangible assets, 18.0% of total assets, at the end of fiscal 2025.