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It Tech Packaging Inc   (ITP)
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It Tech Packaging Inc 's Total Debt to Equity

ITP's quarterly Total Debt to Equity and Total Debt, Equity growth


Due to net new borrowings of 199.61%, Total Debt to Equity fell to 0.07, below the It Tech Packaging Inc 's average Total Debt to Equity.

Within Paper & Paper Products industry It Tech Packaging Inc achieved the lowest Total Debt to Equity in the third quarter 2023. While Total Debt to Equity total ranking has deteriorated compared to the second quarter 2023 from 157 to 343 .

Explain Debt to Equity Ratio?
What is the structure of ITPīs Total Debt?
How valuable is the ITPīs Equity?


ITP Total Debt to Equity (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity Change -10.97 % -15.61 % -15.45 % -48.52 % -45.81 %
Y / Y Total Debt Change 169.9 % -63.72 % -59.03 % -99.15 % -99.26 %
Total Debt to Equity MRQ 0.07 0.02 0.03 0.03 0.02
ITP's Total Ranking # 343 # 157 # 171 # 243 # 179
Seq. Equity Change -0.49 % -5.7 % -0.13 % -5 % -5.68 %
Seq. Total Debt Change 199.61 % -28.56 % 8.88 % 15.81 % -59.73 %



Total Debt to Equity third quarter 2023 Company Ranking
Within: No.
Paper & Paper Products Industry # 1
Basic Materials Sector # 25
Overall Market # 343


Total Debt to Equity Statistics
High Average Low
1.61 0.33 0.02
0   (Jun 30 2018)




Financial Statements
It Tech Packaging Inc 's Equity $ 170 Millions Visit ITP's Balance sheet
It Tech Packaging Inc 's Total Debt $ 11 Millions Visit ITP's Balance sheet
Source of ITP's Sales Visit ITP's Sales by Geography


Cumulative It Tech Packaging Inc 's Total Debt to Equity

ITP's Total Debt to Equity for the trailling 12 Months

ITP Total Debt to Equity

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity TTM Growth -10.97 % -15.61 % -15.45 % -48.52 % -45.81 %
Y / Y Total Debt TTM Growth 169.9 % -63.72 % -59.03 % -99.15 % -99.26 %
Total Debt to Equity TTM 0.04 0.02 0.03 0.04 0.62
Total Ranking TTM # 257 # 245 # 290 # 438 # 2123
Seq. Equity TTM Growth -0.49 % -5.7 % -0.13 % -5 % -5.68 %
Seq. Total Debt TTM Growth 199.61 % -28.56 % 8.88 % 15.81 % -59.73 %


On the trailing twelve months basis Due to the net new borrowings of 199.61% during the trailing twelve months finishing in the III Quarter 2023, cumulativeTotal Debt to Equity improved to 0.04, below the It Tech Packaging Inc 's average Total Debt to Equity.
Total Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Paper & Paper Products industry ITP recorded the lowest Total Debt to Equity. While Total Debt to Equity total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 17 to 393.

Explain Debt to Equity Ratio?
What is the structure of ITPīs Total Debt?
How valuable is the ITPīs Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Paper & Paper Products Industry # 0
Basic Materials Sector # 3
Within the Market # 343


trailing twelve months Total Debt to Equity Statistics
High Average Low
1.61 0.89 0.02
(Dec 31 2021)   (Jun 30 2023)




Companies with similar Total Debt to Equity in the quarter ending Sep 30 2023, within Paper & Paper Products Industry Total Debt to EquitySep 30 2023 MRQ Total DebtSep 30 2023 MRQ Equity
Veritiv Corporation  0.08 $ 74.900  Millions$ 937.500  Millions
It Tech Packaging Inc   0.07 $ 11.270  Millions$ 169.945  Millions

Date modified: 2023-11-12T09:09:18+00:00



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