Greenland Technologies Holding (GTEC) Debt Ratio (2019 - 2024)

Greenland Technologies Holding has reported Debt Ratio for 6 years, with the latest figure at 0.06 in Q1 2024.

• For the quarter ending Q1 2024, Debt Ratio fell 1.69% year-over-year to 0.06; the trailing twelve-month figure through Mar 2024 stood at 0.06 (down 1.69% YoY), and the FY2023 full-year result was 0.04, down 49.66% from the prior year.
• Debt Ratio for Q1 2024 stood at 0.06, up from 0.04 in the prior quarter.
• The five-year high for Debt Ratio was 10.87 in Q3 2020, with the low at 0.01 in Q3 2023.
• Historically, Debt Ratio has averaged 0.69 across 5 years, with a median of 0.06 in 2024.
• Annual changes were most pronounced in 2021 — Debt Ratio tumbled 99.85% — and 2023, when it surged 376.78%.
• Greenland Technologies Holding's Debt Ratio stood at 0.14 in 2020, then slumped by 52.25% to 0.07 in 2021, then advanced by 3.16% to 0.07 in 2022, then tumbled by 49.66% to 0.04 in 2023, then surged by 69.24% to 0.06 in 2024.
• The last three Debt Ratio figures came in at 0.06 (Q1 2024), 0.04 (Q4 2023), and 0.01 (Q3 2023), per Business Quant data.