The company maintains a pristine capital structure with a 0.00 debt-to-equity ratio and a robust current ratio of 21.87 as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Total Current Assets | 930.93M | 944.09M | 936.11M | 933.31M | 960.16M | 1.08B | 1.37B | 1.57B | 47.77M | 21.24M | 6.02M | 882.82K | 1.36M | 37.29K |
| Cash & Short-Term Investments | 824.56M | 831.79M | 858.8M | 861.53M | 877.72M | 1B | 1.29B | 23.96M | 23.96M | 7.32M | 2.58M | 812.39K | 685.29K | 7.29K |
| Cash Only | 824.56M | 791.79M | 858.8M | 669.29M | 764.64M | 886.97M | 1.08B | 23.96M | 23.96M | 7.32M | 2.58M | 812.39K | 685.29K | 7.29K |
| Short-Term Investments | 0 | 40M | 0 | 192.24M | 113.08M | 117.68M | 211.77M | 306.35M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 52.54M | 57.2M | 29.77M | 35.88M | 31.29M | 33.29M | 26.04M | 16.53M | 5.79M | 1.14M | 107K | 0 | 477.62K | 0 |
| Days Sales Outstanding | 83.09 | 107.97 | 92.39 | 150.11 | 131.67 | 188.22 | 203.47 | 254.1 | 174.32 | 128.51 | 94.72 | - | -262.15 | - |
| Inventory | 48.84M | 46.75M | 33.15M | 30.5M | 37.56M | 32.8M | 44M | 38.04M | 15.17M | 9.65M | 2.76M | 0 | 17.23K | 0 |
| Days Inventory Outstanding | 122.75 | 130.65 | 130.92 | 147.75 | 192.24 | 145.74 | 221.37 | 335.83 | 937.03 | 1.78K | -938.97 | - | 195.5 | - |
| Other Current Assets | 4.99M | 8.34M | 14.39M | 5.41M | 7.11M | 0 | 1.18M | 3.25M | 14.55M | 3.72M | 309K | 0 | 20K | 0 |
| Total Non-Current Assets | 245.04M | 253.05M | 230.07M | 206.96M | 252.85M | 318.02M | 553.51M | 517.18M | 143.94M | 59.11M | 25.9M | 9.73M | 7.21M | 1.25M |
| Property, Plant & Equipment | 143.88M | 147.29M | 134.58M | 60.82M | 62.83M | 82.95M | 197.38M | 166.49M | 126.2M | 44.67M | 10.51M | 1.95M | 1.12M | 0 |
| Fixed Asset Turnover | 1.39x | 1.31x | 0.87x | 1.43x | 1.38x | 0.78x | 0.24x | 0.14x | 0.10x | 0.07x | 0.04x | 1.75x | -0.59x | - |
| Goodwill | 65.65M | 66.48M | 63.45M | 1.06M | 1.03M | 1.1M | 179.52M | 214.49M | 1.32M | 1.43M | 1.33M | 282.48K | 0 | 0 |
| Intangible Assets | 8.58M | 8.89M | 11.13M | 21.08M | 26.7M | 18.08M | 69.72M | 71.23M | 8.25M | 8.91M | 8.34M | 1.16M | 1.39M | 0 |
| Long-Term Investments | 47.45M | 7.66M | 2.81M | 54.74M | 89.75M | 135.16M | 19.23M | 557K | 3.08M | 4.1M | 5.72M | 6.34M | 4.68M | 1.25M |
| Other Non-Current Assets | 0 | 20.85M | 15.53M | 69.04M | 72.54M | 80.73M | 87.66M | 64.4M | 5.1M | 0 | 0 | 0 | 25K | 0 |
| Total Assets | 1.18B | 1.2B | 1.17B | 1.14B | 1.21B | 1.4B | 1.93B | 2.09B | 191.71M | 80.34M | 31.92M | 10.61M | 8.57M | 1.29M |
| Asset Turnover | 0.17x | 0.16x | 0.10x | 0.08x | 0.07x | 0.05x | 0.02x | 0.01x | 0.06x | 0.04x | 0.01x | 0.32x | -0.08x | -0.15x |
| Asset Growth % | 11.79% | 2.64% | 2.28% | -6% | -13.22% | -27.42% | -7.88% | 990.4% | 138.62% | 151.71% | 200.82% | 23.78% | 565.74% | - |
| Total Current Liabilities | 42.56M | 48.19M | 49.7M | 41.4M | 68.12M | 54.37M | 206.83M | 332.89M | 33.4M | 6.26M | 5.78M | 1.68M | 607.04K | 382.12K |
| Accounts Payable | 10.31M | 11.64M | 16.97M | 12.13M | 11.16M | 11.11M | 19.35M | 35.3M | 1.6M | 6.26M | 586K | 765.29K | 507.98K | 202.12K |
| Days Payables Outstanding | 29.69 | 32.53 | 67.03 | 58.77 | 57.14 | 49.37 | 97.33 | 311.63 | 98.67 | 1.16K | -199.71 | 1.93K | 5.76K | - |
| Short-Term Debt | 169.56K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.38M | 0 | 2.98M | 767.46K | 99.06K | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 30.7M | 20.11M | 40K | 102K | 15K | 14.38M | 163.41M | 297.16M | 28.43M | 0 | 4.2M | 0 | 0 | 180K |
| Current Ratio | 21.87x | 19.59x | 18.84x | 22.54x | 14.10x | 19.86x | 6.63x | 4.73x | 1.43x | 3.39x | 1.04x | 0.53x | 2.24x | 0.10x |
| Quick Ratio | 20.73x | 18.62x | 18.17x | 21.81x | 13.54x | 19.25x | 6.42x | 4.61x | 0.98x | 1.85x | 0.56x | 0.53x | 2.21x | 0.10x |
| Cash Conversion Cycle | 176.15 | 206.09 | 156.27 | 239.09 | 266.77 | 284.58 | 327.51 | 278.31 | 1.01K | 753.63 | -644.54 | - | -5.83K | - |
| Total Non-Current Liabilities | 5.89M | 5.99M | 5.63M | 2.74M | 3.93M | 9.09M | 10.68M | 8.52M | 2.93M | 5.39M | 1.08M | 500.83K | 607.04K | 202.12K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.27M | 0 | 360.31K | 0 | 0 |
| Capital Lease Obligations | 4.67M | 1.17M | 993K | 1.56M | 2.55M | 7.09M | 8.49M | 6.68M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 17.06M | 4.09M | 3.56M | 181K | 0 | 81K | 0 | 0 | 1.36M | 1.13M | 1.08M | 140.52K | 0 | 0 |
| Other Non-Current Liabilities | 751.46K | 733K | 1.07M | 1M | 1.38M | 1.91M | 2.19M | 1.84M | 1.57M | 1.13M | 0 | 0 | 315.28K | 0 |
| Total Liabilities | 48.45M | 54.18M | 55.33M | 44.14M | 72.05M | 63.46M | 217.51M | 341.41M | 36.33M | 11.66M | 6.86M | 2.18M | 607.04K | 382.12K |
| Total Debt | 1.32M | 1.51M | 2.02M | 2.55M | 3.88M | 9.81M | 9.81M | 7.11M | 15.38M | 4.27M | 2.98M | 1.13M | 99.06K | 0 |
| Net Debt | -823.24M | -790.28M | -856.79M | -666.74M | -760.77M | -877.17M | -1.07B | -16.85M | -8.58M | -3.05M | 398.63K | 315.39K | -586.23K | -7.29K |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | 0.00x | 0.10x | 0.06x | 0.12x | 0.13x | 0.01x | - |
| Debt / EBITDA | 0.49x | - | - | - | - | - | - | - | - | - | - | 1.81x | - | - |
| Net Debt / EBITDA | -309.20x | - | - | - | - | - | - | - | - | - | - | 0.51x | - | - |
| Interest Coverage | - | - | - | - | -8030.00x | -6130.63x | -392.94x | 35.42x | -264.57x | -61.09x | -6.40x | 1.37x | - | - |
| Total Equity | 1.13B | 1.14B | 1.11B | 1.1B | 1.14B | 1.33B | 1.71B | 1.75B | 155.39M | 68.68M | 25.06M | 8.43M | 7.96M | 905.41K |
| Equity Growth % | 11.13% | 2.88% | 1.36% | -3.93% | -14.49% | -21.89% | -2.34% | 1025.61% | 126.24% | 174.12% | 197.13% | 5.88% | 779.66% | - |
| Book Value per Share | 2.93 | 2.97 | 2.88 | 2.88 | 3.03 | 3.60 | 4.86 | 5.10 | 0.90 | 0.39 | 0.32 | 0.19 | 0.25 | 0.07 |
| Total Shareholders' Equity | 1.08B | 1.09B | 1.06B | 1.1B | 1.14B | 1.34B | 1.71B | 1.75B | 155.29M | 68.68M | 25.06M | 8.43M | 7.96M | 905.41K |
| Common Stock | 649.17M | 661.78M | 669.88M | 662.17M | 611.32M | 595.5M | 569.26M | 561.16M | 165.56M | 66.45M | 24.99M | 10.67M | 11.7M | 0 |
| Retained Earnings | 462.05M | 447.76M | 457.71M | 416.72M | 490.68M | 659.42M | 1.06B | 1.14B | -16.68M | -2.96M | -4.62M | -3.62M | -4.68M | -619.48K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -34.03M | -16.84M | -63.52M | 20.68M | -797K | 49.87M | 43M | 27.84M | 682.8K | 699.8K | 1.18M | 598.65K | 728.65K | 0 |
| Minority Interest | 50.32M | 49.06M | 46.92M | -3.45M | -2.92M | -2.97M | -3.2M | -853K | 99.85K | 0 | 0 | 0 | 0 | 0 |
Regulatory and geopolitical volatility
As reported in recent financial statements, Cronos Group maintains a remarkably stable asset base of $1.2 billion, signaling a disciplined approach to capital preservation that stands in stark contrast to the aggressive, debt-fueled expansion strategies frequently observed among other major Canadian licensed producers in the sector.
The consistency in total assets over the last ten quarters suggests that management has successfully avoided the trap of over-investing in depreciating cultivation infrastructure. This stability indicates a strategic pivot toward an asset-light model, which may provide the company with greater flexibility to navigate ongoing market volatility.
Based on the provided balance sheet data, Cronos Group maintains a debt-to-equity ratio of 0.00, a rare position of financial strength that allows the firm to avoid the interest rate sensitivity and refinancing risks currently plaguing more leveraged competitors within the global cannabis manufacturing industry.
The near-zero debt profile suggests that the company is not reliant on external credit markets to fund its operations, which is a significant competitive advantage in the current high-rate environment. Investors should monitor whether this lack of leverage remains a permanent feature or if it is merely a temporary buffer while the company awaits more favorable regulatory conditions.
According to recent SEC filings, Cronos Group holds a robust cash position of $824.6 million as of 2026Q1, which, when combined with a current ratio of 21.87, provides an exceptionally deep liquidity buffer against potential operational shocks or future strategic acquisition opportunities in the cannabis space.
This liquidity position is significantly higher than that of its peers, effectively insulating the company from the cash-burn pressures that have forced other industry participants to dilute shareholders. The sheer scale of this cash reserve suggests that the company is well-positioned to endure prolonged market downturns or regulatory delays.
Financial disclosures reveal that goodwill has fluctuated significantly, rising from $1.0 million in 2024Q2 to $65.7 million by 2026Q1, a trend that warrants further investigation into the nature of recent acquisitions and the potential for future impairment charges if these assets fail to deliver expected returns.
The rapid increase in goodwill suggests that the company may be shifting toward a more inorganic growth strategy, which introduces risks related to integration and valuation. Analysts should scrutinize whether these intangible assets are supported by underlying cash flows or if they represent a potential future drag on the balance sheet.
Quick answers to the most common questions about buying CRON stock.
As of 2025, Cronos Group Inc. (CRON) had total assets of $1.20B including $944.1M in current assets.
Cronos Group Inc. (CRON) carries total debt of $1.5M, offset by $831.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cronos Group Inc. (CRON) has total shareholders' equity (book value) of $1.09B ($2.97 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cronos Group Inc. (CRON) reported a current ratio of 19.59x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.