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

Greenland Technologies Holding posted quarterly Debt Ratio of 0.06 for Q1 2024, down 1.69% year-on-year from 0.06 in Q2 2023, and up 69.24% on a QoQ basis from 0.04 in Q4 2023.

Greenland Technologies Holding (GTEC) has 6 years of Debt Ratio data on file, last reported 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.
  • Across five years, Debt Ratio topped out at 10.87 in Q3 2020 and bottomed at 0.01 in Q3 2023.
  • The 5-year median for Debt Ratio is 0.06 (2024), against an average of 0.69.
  • The widest annual swing landed in 2021, when Debt Ratio sank 99.85%; it then surged 376.78% in 2023.
  • A 5-year view of Debt Ratio shows it stood at 0.14 in 2020, then sank by 52.25% to 0.07 in 2021, then climbed by 3.16% to 0.07 in 2022, then slumped by 49.66% to 0.04 in 2023, then soared 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 O Reilly Automotive 76.93 Bn 76.68 Bn 2.35 Bn 0.37
2 Autozone 56.46 Bn 56.17 Bn 2.24 Bn 0.44
3 Modine Manufacturing 13.73 Bn 13.64 Bn 186.10 Mn 0.25
4 Borgwarner 13.51 Bn 13.68 Bn 677.00 Mn 0.28
5 Genuine Parts 13.47 Bn 12.99 Bn 2.34 Bn 0.22
6 Aptiv 12.21 Bn 9.14 Bn 920.00 Mn 0.37
7 Magna International 10.79 Bn 9.60 Bn 1.42 Bn 0.15
8 Autoliv 9.18 Bn 8.83 Bn 526.00 Mn 0.25
9 Allison Transmission Holdings 9.12 Bn 8.81 Bn 406.00 Mn 0.49
10 Greenland Technologies Holding 12.34 Mn -5.34 Mn 8.76 Mn -

Historic Data

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DateValue
Mar 31, 2024 0.06
Dec 31, 2023 0.04
Sep 30, 2023 0.01
Jun 30, 2023 0.06
Mar 31, 2023 0.06
Dec 31, 2022 0.07
Sep 30, 2022 0.07
Jun 30, 2022 0.01
Mar 31, 2022 0.01
Dec 31, 2021 0.07
Sep 30, 2021 0.02
Jun 30, 2021 0.07
Mar 31, 2021 0.14
Dec 31, 2020 0.14
Sep 30, 2020 10.87
Jun 30, 2020 0.04
Mar 31, 2020 0.03
Dec 31, 2019 0.05