Greenland Technologies Holding (GTEC) Debt to Equity (2019 - 2024)
Greenland Technologies Holding (GTEC) reported Debt to Equity of $0.15 for Q1 2024, up 42.96% on a YoY basis from $0.11 in Q2 2023, and up 71.52% quarter-over-quarter from $0.09 in Q4 2023.
Greenland Technologies Holding (GTEC) Debt to Equity (2019 - 2024) Analysis & Trends
Greenland Technologies Holding has reported Debt to Equity for 6 years, with the latest figure at $0.15 in Q1 2024.
- For the quarter ending Q1 2024, Debt to Equity rose 42.96% year-over-year to $0.15; the trailing twelve-month figure through Mar 2024 stood at $0.15 (up 42.96% YoY), and the FY2023 full-year result was $0.09, down 33.6% from the prior year.
- Debt to Equity for Q1 2024 stood at $0.15, up from $0.09 in the prior quarter.
- The five-year high for Debt to Equity was $0.37 in Q4 2020, with the low at $0.01 in Q3 2020.
- Historically, Debt to Equity has averaged $0.12 across 5 years, with a median of $0.1 in 2023.
- Annual changes were most pronounced in 2021 — Debt to Equity soared 396.31% — and 2022, when it plunged 91.71%.
- Greenland Technologies Holding's Debt to Equity stood at $0.37 in 2020, then plunged by 52.16% to $0.18 in 2021, then retreated by 22.82% to $0.14 in 2022, then slumped by 33.6% to $0.09 in 2023, then surged by 71.52% to $0.15 in 2024.
- The last three Debt to Equity figures came in at $0.15 (Q1 2024), $0.09 (Q4 2023), and $0.02 (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.00 Bn | 75.75 Bn | 2.35 Bn | -5.81 |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | -3.24 |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | 0.54 |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | 0.71 |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | 1.04 |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | 1.01 |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | - |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | - |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 2.24 |
| 10 | Greenland Technologies Holding | 12.74 Mn | -4.94 Mn | 8.76 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 0.15 |
| Dec 31, 2023 | 0.09 |
| Sep 30, 2023 | 0.02 |
| Jun 30, 2023 | 0.10 |
| Mar 31, 2023 | 0.11 |
| Dec 31, 2022 | 0.14 |
| Sep 30, 2022 | 0.13 |
| Jun 30, 2022 | 0.02 |
| Mar 31, 2022 | 0.03 |
| Dec 31, 2021 | 0.18 |
| Sep 30, 2021 | 0.04 |
| Jun 30, 2021 | 0.16 |
| Mar 31, 2021 | 0.36 |
| Dec 31, 2020 | 0.37 |
| Sep 30, 2020 | 0.01 |
| Jun 30, 2020 | 0.09 |
| Mar 31, 2020 | 0.07 |
| Dec 31, 2019 | 0.12 |
| Jun 30, 2019 | 0.05 |
| Mar 31, 2019 | 0.05 |