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Greenland Technologies Holding Corporation  (GTEC)
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Cumulative Greenland Technologies Holding's Interest Coverage ratios

GTEC's Interest expense and Ebitda growth



GTEC Interest Coverage (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 Interest expense Change -13.25 % -36.68 % 1.8 % 18.29 % -58.65 %
Y / Y Ebitda Change 18.96 % -21.21 % - 15.97 % -24.8 %
Interest Coverage (TTM) 28.04 25.38 25.2 30.11 30.43
Total Ranking # 326 # 328 # 425 # 374 # 413
Seq. Interest expense Change 19.57 % -17.22 % -36.24 % 37.46 % -12.72 %
Seq. Ebitda Change 16.96 % - - 2.15 % -22.54 %




Interest Coverage in the second quarter 2023 Comment
Greenland Technologies Holding's interest coverage sequentially grew from the first quarter 2023 to 28.04in the Q2 2023, above company average. Due to increase of ebitda in the second quarter 2023 by 16.96%.

Within Capital Goods sector 27 other companies have achieved higher interest coverage ratio during the Q2 2023. While Interest coverage ratio total ranking has improved in the second quarter 2023 to 326, from total ranking in the first quarter 2023 at 328.

What is Interest Coverage Ratio?
Source of Greenland Technologies Holding Corporation sales

Interest Coverage Company Ranking
Within: No.
Industry # 12
Sector # 28
S&P 500 # 326


Interest Coverage Statistics
High Average Low
33.96
19.92
5.42
(Sep 30 2021)   (Sep 30 2020)





Financial Statements
Greenland Technologies Holding's Interest expense $ 0 Millions Visit GTEC's Income Statement
Greenland Technologies Holding's Ebitda $ 4 Millions Visit GTEC's Income Statement
Where are GTEC's Sales coming from? Visit GTEC's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Jun 30 2023, within Capital Goods Sector Interest Coverage Ratio EBITDA 12 months ending Jun 30 2023Interest net 12 months ending Jun 30 2023
Badger Meter Inc   62.98 $ 127.403  Millions$ 2.023  Millions
Sterling Infrastructure Inc   47.18 $ 236.941  Millions$ 5.022  Millions
Cavco Industries Inc   32.82 $ 317.139  Millions$ 9.664  Millions
Ducommun Incorporated  30.84 $ 57.698  Millions$ 1.871  Millions
Sci Engineered Materials inc   20.55 $ 2.967  Millions$ 0.144  Millions
Garmin Ltd  20.14 $ 1,197.056  Millions$ 59.437  Millions
Powell Industries Inc   14.92 $ 52.014  Millions$ 3.486  Millions
L3harris Technologies Inc   13.72 $ 1,523.000  Millions$ 111.000  Millions
Northrop Grumman Corp  12.24 $ 6,339.000  Millions$ 518.000  Millions
Dycom Industries Inc   10.50 $ 248.364  Millions$ 23.649  Millions
Park Aerospace Corp   8.87 $ 11.261  Millions$ 1.269  Millions
Acme United Corp  6.32 $ 8.583  Millions$ 1.358  Millions

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



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