Greenland Technologies Holding (GTEC) Debt Ratio (2019 - 2024)
Greenland Technologies Holding's (GTEC) quarterly Debt Ratio came in at 0.06 in Q1 2024, up 312.56% YoY from 0.01 in Q2 2023, and up 69.24% on a QoQ basis from 0.04 in Q4 2023.
Greenland Technologies Holding (GTEC) Debt Ratio (2019 - 2024) Analysis & Trends
Greenland Technologies Holding (GTEC) has 6 years of Debt Ratio data on file, last reported at 0.06 in Q1 2024.
- Quarterly Debt Ratio rose 312.56% year-over-year to 0.06 in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 0.06 (up 312.56% YoY) and the FY2023 annual result came in at 0.04, down 49.65% from the prior year.
- Debt Ratio climbed to 0.06 in Q1 2024, from 0.04 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 328.89 in Q3 2020 to a low of 0.01 in Q3 2023.
- A 5-year average of 19.39 and a median of 0.06 in 2021 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2021 — Debt Ratio slumped 99.98% — and 2022, when it surged 369.91%.
- Tracing GTEC's Debt Ratio over 5 years: stood at 0.07 in 2020, then tumbled by 78.79% to 0.01 in 2021, then surged by 369.91% to 0.07 in 2022, then slumped by 49.65% 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.54 Bn | 73.28 Bn | 2.52 Bn | 0.40 |
| 2 | Autozone | 48.78 Bn | 48.52 Bn | 2.52 Bn | 0.43 |
| 3 | Magna International | 19.33 Bn | 17.90 Bn | 1.61 Bn | - |
| 4 | Genuine Parts | 18.26 Bn | 17.70 Bn | 2.47 Bn | 0.22 |
| 5 | Borgwarner | 13.15 Bn | 10.70 Bn | 721.00 Mn | 0.28 |
| 6 | Allison Transmission Holdings | 10.71 Bn | 10.31 Bn | 515.00 Mn | 0.47 |
| 7 | Modine Manufacturing | 10.08 Bn | 10.00 Bn | - | 0.16 |
| 8 | Aptiv | 9.95 Bn | 9.19 Bn | 775.00 Mn | 0.30 |
| 9 | Autoliv | 9.00 Bn | 8.63 Bn | 509.00 Mn | 0.24 |
| 10 | Greenland Technologies Holding | 25.70 Mn | -6.61 Mn | 9.54 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 0.06 |
| Dec 31, 2023 | 0.04 |
| Sep 30, 2023 | 0.01 |
| Jun 30, 2023 | 0.06 |
| Mar 31, 2023 | 0.01 |
| Dec 31, 2022 | 0.07 |
| Sep 30, 2022 | 0.07 |
| Jun 30, 2022 | 0.07 |
| Mar 31, 2022 | 0.07 |
| Dec 31, 2021 | 0.01 |
| Sep 30, 2021 | 0.06 |
| Jun 30, 2021 | 0.07 |
| Mar 31, 2021 | 0.07 |
| Dec 31, 2020 | 0.07 |
| Sep 30, 2020 | 328.89 |
| Jun 30, 2020 | 0.03 |
| Mar 31, 2020 | 0.04 |
| Dec 31, 2019 | 0.18 |