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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?


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)   (Jun 30 2023)




Financial Statements
Greenland Technologies Holding's Equity $ 85 Millions Visit GTEC's Balance sheet
Greenland Technologies Holding's Total Liabilities $ 80 Millions Visit GTEC's Balance sheet
Source of GTEC's Sales Visit GTEC's Sales by Geography


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
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)   (Jun 30 2023)




Companies with similar Leverage Ratio in the quarter ending Jun 30 2023, within Industrial Machinery and Components Industry Leverage RatioJun 30 2023 MRQ Total LiabilitiesJun 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

Date modified: 2023-08-26T20:01:21+00:00



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