Aurora Cannabis Inc key statistics and ratios

In fiscal 2026, Aurora Cannabis Inc had return on equity of -25.9%, a net margin of -42.4%, debt equal to 0.0% of equity and a current ratio of 5.94. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Aurora Cannabis Inc: financial ratios, annual
Fiscal year	2019Jun 2018	2020Jun 2019	2021Jun 2020	2022Jun 2021	2023Jun 2022	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	78.8%	58.0%	−7.4%	−8.8%	9.6%	48.9%	62.6%	42.6%
Operating margin	−173.5%	−129.6%	−173.3%	−115.3%	−104.6%	−16.7%	1.7%	—
Net margin	130.3%	−119.5%	<−999%	−282.2%	−776.0%	−25.7%	0.6%	−42.4%
Free-cash-flow margin	−396.1%	−247.0%	—	−107.5%	−64.4%	−25.4%	5.5%	−4.2%
Return on equity	4.8%	−9.8%	−99.3%	−33.6%	−125.8%	−11.1%	0.3%	−25.9%
Return on assets	3.9%	−7.9%	−78.4%	−26.1%	−92.2%	−7.0%	0.2%	−19.2%
Asset turnover	0.03	0.07	0.06	0.09	0.12	0.27	0.34	0.45
Current ratio	2.92	1.51	1.53	5.72	5.69	3.42	4.31	5.94
Debt to equity	0.8%	3.2%	9.5%	—	0.0%	10.2%	10.9%	0.0%
Interest cover (operating income ÷ interest)	—	n/m	n/m	n/m	n/m	n/m	0.6x	—
Effective tax rate	10.5%	—	—	—	—	—	13.6%	—
R&D as % of revenue	3.0%	6.0%	9.7%	4.7%	4.7%	1.3%	1.3%	1.3%
Capital spending as % of revenue	248.1%	168.7%	—	21.6%	14.6%	0.0%	0.0%	0.0%
Free cash flow ÷ net income	−303.9%	—	—	—	—	—	>999%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 5 checks passed · March 31, 2026

What it owns · $431m

Short-term assets $285mLonger-term assets $146m

What it owes, and who funded it · $431m

Short-term liabilities $48mLonger-term liabilities $16mShareholders' equity $367m

Short-term assets cover short-term liabilities $285m of assets due within a year against $48m of liabilities due within a year.
Short-term assets cover long-term liabilities $285m short-term assets against $16m of longer-dated liabilities.
More cash than debt $46m of cash against $0 of debt.
Debt below 40% of shareholders' equity Debt is 0% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt No debt to cover.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Aurora Cannabis Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Aurora Cannabis Inc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Aurora Cannabis Inc.