Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporationverified

GTEC

Price:

$2.47

Market Cap:

$33.58M

Greenland Technologies Holding Corporation develops, manufactures, and sells drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It also develops robotic cargo carriers. The company was founded in 2006 and is based in East Windsor, New Jersey.[Read more]

Industry

Industrial - Machinery

IPO Date

2018-08-08

Stock Exchange

NASDAQ

Ticker

GTEC

The Current Ratio as of September 2024 (TTM) for Greenland Technologies Holding Corporation (GTEC) is 1.60

According to Greenland Technologies Holding Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.60. This represents a change of 2.61% compared to the average of 1.56 of the last 4 quarters.

Greenland Technologies Holding Corporation (GTEC) Historical Current Ratio (quarterly & annually)

How has GTEC Current Ratio performed in the past?

The mean historical Current Ratio of Greenland Technologies Holding Corporation over the last ten years is 1.34. The current 1.60 Current Ratio has changed 11.89% with respect to the historical average. Over the past ten years (40 quarters), GTEC's Current Ratio was at its highest in in the November 2018 quarter at 23.31. The Current Ratio was at its lowest in in the August 2019 quarter at 0.84.

Quarterly (TTM)
Annual

Average

1.34

Median

1.38

Minimum

0.76

Maximum

2.00

Greenland Technologies Holding Corporation (GTEC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Greenland Technologies Holding Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 87.79%

Maximum Annual Current Ratio = 2.00

Minimum Annual Increase = -31.17%

Minimum Annual Current Ratio = 0.76

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.38-31.17%
20222.0022.65%
20211.6319.34%
20201.37-4.68%
20191.4387.79%
20180.76-2.39%

Greenland Technologies Holding Corporation (GTEC) Average Current Ratio

How has GTEC Current Ratio performed in the past?

The current Current Ratio of Greenland Technologies Holding Corporation (GTEC) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.67

5-year avg

1.56

10-year avg

1.34

Greenland Technologies Holding Corporation (GTEC) Current Ratio vs. Peers

How is GTEC’s Current Ratio compared to its peers?

Greenland Technologies Holding Corporation’s Current Ratio is less than Shapeways Holdings, Inc. (2.34), less than JE Cleantech Holdings Limited (1.94), less than Laser Photonics Corporation (9.20), greater than Siemens Aktiengesellschaft (1.40), greater than Ameritek Ventures, Inc. (0.04), greater than Nuburu, Inc. (0.19), greater than Quality Industrial Corp. (0.68), greater than BrewBilt Manufacturing Inc. (0.17), greater than American Power Group Corporation (0), greater than Cavitation Technologies, Inc. (0.21), greater than Dover Corporation (1.53), less than Graco Inc. (4.21), greater than Illinois Tool Works Inc. (1.30), greater than Parker-Hannifin Corporation (0.93), less than IDEX Corporation (3.41), less than Berkshire Grey, Inc. (1.78), greater than Reelcause, Inc. (0),

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