Greenland Technologies Holding (GTEC) Debt to Equity (2019 - 2024)
Greenland Technologies Holding (GTEC) posted Debt to Equity of $0.15 for Q1 2024, up 71.52% quarter-over-quarter from $0.09 in Q4 2023, and up 42.96% year-on-year from $0.11 in Q2 2023.
Greenland Technologies Holding (GTEC) Debt to Equity (2019 - 2024) Analysis & Trends
Greenland Technologies Holding (GTEC) has reported Debt to Equity for 6 consecutive years, with $0.15 the latest figure, recorded in Q1 2024.
- Debt to Equity for Q1 2024 came in at $0.15, up 42.96% year-over-year; the trailing twelve-month figure through Mar 2024 was $0.15 (up 42.96% YoY), and the FY2023 annual result was $0.09, down 33.6% from the prior year.
- Debt to Equity was $0.15 for Q1 2024 at Greenland Technologies Holding, up from $0.09 in the prior quarter.
- Over five years, Debt to Equity peaked at $0.37 in Q4 2020 and troughed at $0.01 in Q3 2020.
- Average Debt to Equity over 5 years is $0.12, with a median of $0.1 recorded in 2023.
- Year-over-year, Debt to Equity surged 396.31% in 2021 and slumped 91.71% in 2022.
- Over 5 years, Debt to Equity stood at $0.37 in 2020, then tumbled by 52.16% to $0.18 in 2021, then dropped by 22.82% to $0.14 in 2022, then sank by 33.6% to $0.09 in 2023, then surged by 71.52% to $0.15 in 2024.
- Per Business Quant data, the three most recent Debt to Equity figures were $0.15 in Q1 2024, $0.09 in Q4 2023, and $0.02 in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Advance Auto Parts | 65.13 Bn | 62.01 Bn | 869.00 Mn | 1.55 |
| 2 | Autozone | 53.07 Bn | 52.82 Bn | 2.52 Bn | -3.24 |
| 3 | Magna International | 17.54 Bn | 16.29 Bn | 1.42 Bn | - |
| 4 | Genuine Parts | 16.15 Bn | 15.67 Bn | 2.34 Bn | 1.04 |
| 5 | Aurora Innovation | 13.77 Bn | 12.55 Bn | -5.00 Mn | - |
| 6 | Borgwarner | 13.21 Bn | 13.37 Bn | 677.00 Mn | 0.71 |
| 7 | Aptiv | 12.84 Bn | 9.76 Bn | 920.00 Mn | 1.01 |
| 8 | Autoliv | 8.73 Bn | 8.37 Bn | 526.00 Mn | 0.79 |
| 9 | Modine Manufacturing | 8.68 Bn | 8.59 Bn | 186.10 Mn | 0.54 |
| 10 | Greenland Technologies Holding | 300,000.01 | -17.38 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 |