Greentech Innovations (GTIC) Debt to Equity (2017 - 2023)
Greentech Innovations (GTIC) reported Debt to Equity of -$0.42 for Q1 2023, down 177.61% year-over-year from $0.54 in Q1 2022, and down 11.38% on a QoQ basis from -$0.38 in Q4 2022.
Greentech Innovations (GTIC) has 7 years of Debt to Equity data on file, last reported at -$0.42 in Q1 2023.
- Quarterly Debt to Equity fell 177.61% year-over-year to -$0.42 in Q1 2023, while the trailing twelve-month figure through Feb 2023 was -$0.42 (down 177.61% YoY) and the FY2022 annual result came in at -$0.27, down 542.39% from the prior year.
- Debt to Equity eased to -$0.42 in Q1 2023 per GTIC's latest filing, from -$0.38 in the prior quarter.
- Across five years, Debt to Equity topped out at -$0.04 in Q2 2021 and bottomed at -$0.99 in Q1 2019.
- The 5-year median for Debt to Equity is -$0.22 (2022), against an average of -$0.34.
- The widest annual swing landed in 2019, when Debt to Equity surged 92.07%; it then tumbled 542.39% in 2022.
- Tracing GTIC's Debt to Equity over 5 years: stood at -$0.08 in 2019, then sank by 45.9% to -$0.11 in 2020, then tumbled by 43.72% to -$0.16 in 2021, then plunged by 131.8% to -$0.38 in 2022, then slipped by 11.38% to -$0.42 in 2023.
- Per Business Quant, the three latest GTIC Debt to Equity figures stand at -$0.42 (Q1 2023), -$0.38 (Q4 2022), and -$0.35 (Q3 2022).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 0.13 |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 0.24 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 0.42 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | - |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | - |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 0.44 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 0.07 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 0.63 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 0.30 |
| 10 | Greentech Innovations | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2023 | -0.42 |
| Nov 30, 2022 | -0.38 |
| Aug 31, 2022 | -0.35 |
| May 31, 2022 | -0.27 |
| Feb 28, 2022 | -0.15 |
| Nov 30, 2021 | -0.16 |
| Aug 31, 2021 | -0.13 |
| May 31, 2021 | -0.04 |
| Feb 29, 2020 | -0.11 |
| Nov 30, 2019 | -0.08 |
| May 31, 2019 | -0.96 |
| Feb 28, 2019 | -0.99 |
| Nov 30, 2018 | -0.98 |
| Aug 31, 2018 | -0.90 |
| May 31, 2018 | -0.93 |
| Feb 28, 2018 | -1.07 |
| May 31, 2017 | -0.18 |