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Greenland Technologies Holding Corporation (GTEC) |
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Greenland Technologies Holding's Leverage Ratio
GTEC's quarterly Leverage Ratio and Total Liabilities, Equity growth
Due to repayements of liabilities of -2.81% Greenland Technologies Holding improved Leverage Ratio in second quarter 2023 to 0.94, a new company low.
Within Industrial Machinery and Components industry in the second quarter 2023, 50 other companies have achieved lower Leverage Ratio than Greenland Technologies Holding in the II Quarter 2023. While Leverage Ratio total ranking has deteriorated compared to the first quarter 2023 from 1606 to 1621 .
Explain Leverage Ratio?
Who are GTEC Customers?
What are GTECīs Total Liabilities?
Select the Comparisons :
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Select the Ratio:
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GTEC Leverage Ratio |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2022) II. Quarter |
Y / Y Equity Change |
11.53 % |
12.13 % |
13.46 % |
25.29 % |
17.52 % |
Y / Y Total Liabilities Change |
-8.05 % |
-17.43 % |
-18.49 % |
-13.89 % |
-10.45 % |
Leverage Ratio MRQ |
0.94 |
0.94 |
0.96 |
1.02 |
1.14 |
GTEC's Total
Ranking |
# 1621 |
# 1606 |
# 2155 |
# 1935 |
# 1838 |
Seq. Equity Change |
-2.68 % |
3.27 % |
1.95 % |
8.86 % |
-2.17 % |
Seq. Total Liabilities Change |
-2.81 % |
0.95 % |
-3.6 % |
-2.78 % |
-12.73 % |
Leverage Ratio second quarter 2023 Company Ranking |
Within: |
No. |
Industrial Machinery and Components Industry |
# 51 |
Capital Goods Sector |
# 113 |
Overall Market |
# 1621 |
Leverage Ratio Statistics |
High |
Average |
Low |
10.93 |
3.39 |
0.94 |
(May 31 2018) |
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(Jun 30 2023) |
Cumulative Greenland Technologies Holding's Leverage Ratio
GTEC's Leverage Ratio for the trailling 12 Months
GTEC Leverage Ratio |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2022) II. Quarter |
Y / Y Equity TTM Growth |
11.53 % |
12.13 % |
13.46 % |
25.29 % |
17.52 % |
Y / Y Total Liabilities TTM Growth |
-8.05 % |
-17.43 % |
-18.49 % |
-13.89 % |
-10.45 % |
Leverage Ratio TTM |
0.96 |
1.01 |
1.1 |
1.19 |
1.3 |
Total
Ranking TTM |
# 1597
| # 1697
| # 2112
| # 2136
| # 2372
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Seq. Equity TTM Growth |
-2.68 % |
3.27 % |
1.95 % |
8.86 % |
-2.17 % |
Seq. Total Liabilities TTM Growth |
-2.81 % |
0.95 % |
-3.6 % |
-2.78 % |
-12.73 % |
On the trailing twelve months basis Due to repayements of liabilities of -2.81% Greenland Technologies Holding decreased Leverage Ratio in the 12 months ending in II Quarter 2023 to 0.96, below the company's average Leverage Ratio. Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Industrial Machinery and Components industry GTEC recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the II Quarter 2023, compared to the prior period, from 6 to 43.
Explain Leverage Ratio?
Who are GTEC Customers?
What are GTECīs Total Liabilities?
TTM Leverage Ratio Company Ranking |
Within: |
No. |
Within the Industrial Machinery and Components Industry |
# 0 |
Capital Goods Sector |
# 0 |
Within the Market |
# 1621 |
trailing twelve months Leverage Ratio Statistics |
High |
Average |
Low |
8.05 |
2.46 |
0.83 | (Aug 31 2019) |
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(Jun 30 2023) |
Companies with similar Leverage Ratio in the quarter ending Jun 30 2023, within Industrial Machinery and Components Industry | Leverage Ratio | Jun 30 2023 MRQ Total Liabilities | Jun 30 2023 MRQ Equity | Nn Inc | 2.49 | $ 383.970 Millions | $ 154.444 Millions | Fluence Energy Inc | 2.14 | $ 1,166.710 Millions | $ 545.449 Millions | Molekule Group inc | 2.08 | $ 84.735 Millions | $ 40.705 Millions | Carrier Global Corporation | 2.03 | $ 16,787.000 Millions | $ 8,288.000 Millions | Stem Inc | 1.90 | $ 984.621 Millions | $ 519.344 Millions | Lincoln Electric Holdings Inc | 1.76 | $ 2,109.764 Millions | $ 1,201.424 Millions | Sunrun Inc | 1.70 | $ 12,905.094 Millions | $ 7,585.544 Millions | Agco Corp | 1.69 | $ 7,008.300 Millions | $ 4,139.000 Millions | Dragonfly Energy Holdings Corp | 1.64 | $ 52.671 Millions | $ 32.213 Millions | Ceco Environmental Corp | 1.59 | $ 360.552 Millions | $ 227.148 Millions | John Bean Technologies Corporation | 1.53 | $ 1,408.600 Millions | $ 921.200 Millions | Esab Corporation | 1.52 | $ 2,356.535 Millions | $ 1,546.725 Millions | Spectrum Brands Holdings Inc | 1.48 | $ 3,795.700 Millions | $ 2,559.900 Millions | Enerpac Tool Group Corp | 1.33 | $ 448.229 Millions | $ 336.619 Millions | Cbak Energy Technology Inc | 1.26 | $ 143.510 Millions | $ 114.174 Millions | Gates Industrial Corporation Plc | 1.24 | $ 4,206.500 Millions | $ 3,391.000 Millions | Pentair Plc | 1.20 | $ 3,531.200 Millions | $ 2,935.300 Millions | The Middleby Corporation | 1.19 | $ 3,574.431 Millions | $ 2,999.526 Millions | Enovix Corporation | 1.18 | $ 291.321 Millions | $ 247.284 Millions | Owens Corning | 1.17 | $ 5,908.000 Millions | $ 5,034.000 Millions | Dover Corporation | 1.16 | $ 5,428.693 Millions | $ 4,662.105 Millions | Zebra Technologies Corporation | 1.16 | $ 3,458.000 Millions | $ 2,992.000 Millions | Perma pipe International Holdings Inc | 1.13 | $ 64.858 Millions | $ 57.474 Millions | Tennant Co | 1.13 | $ 587.700 Millions | $ 521.900 Millions | Graham Corporation | 1.11 | $ 110.307 Millions | $ 99.721 Millions | Lam Research Corporation | 1.08 | $ 8,876.250 Millions | $ 8,210.172 Millions | Curtiss wright Corporation | 1.08 | $ 2,302.834 Millions | $ 2,138.264 Millions | Donaldson Company Inc | 1.07 | $ 1,417.500 Millions | $ 1,320.700 Millions | Arts Way Manufacturing Co Inc | 1.07 | $ 12.734 Millions | $ 11.873 Millions | Greystone Logistics Inc | 1.07 | $ 20.936 Millions | $ 19.540 Millions |
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