Greenland Technologies Holding (Greenland Technologies Holding) Cash-to-Debt : 0.62 (As of Dec. 2023)

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What is Greenland Technologies Holding Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Greenland Technologies Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.62.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Greenland Technologies Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Greenland Technologies Holding's Cash-to-Debt or its related term are showing as below:

GTEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.41 Max: No Debt
Current: 0.62

During the past 6 years, Greenland Technologies Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.41.

GTEC's Cash-to-Debt is ranked worse than
63.35% of 2999 companies
in the Industrial Products industry
Industry Median: 1.18 vs GTEC: 0.62

Greenland Technologies Holding Cash-to-Debt Historical Data

The historical data trend for Greenland Technologies Holding's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Greenland Technologies Holding Cash-to-Debt Chart

Greenland Technologies Holding Annual Data

Trend

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.14

0.24

0.58

0.62

Greenland Technologies Holding Quarterly Data
	Feb19	May19	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.58	0.58	0.53	0.60	0.62

Competitive Comparison of Greenland Technologies Holding's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Greenland Technologies Holding's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Greenland Technologies Holding's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greenland Technologies Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Greenland Technologies Holding's Cash-to-Debt falls into.

Greenland Technologies Holding Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Greenland Technologies Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	25.799	/	(40.243	+	1.685)
	=	0.62

Greenland Technologies Holding's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	25.799	/	(40.243	+	1.685)
	=	0.62

Greenland Technologies Holding (NAS:GTEC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Greenland Technologies Holding Cash-to-Debt Related Terms

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Greenland Technologies Holding (Greenland Technologies Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenland Technologies Holding Corp (NAS:GTEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Millstone Road, Building 400, Suite 130, Zhejiang, East Windsor, NJ, USA, 08512

Website

https://ir.gtec-tech.com

Greenland Technologies Holding Corp is a developer of innovative and quality solutions in the material handling industry. It is a transmission and drivetrain systems provider for material handling equipment such as forklift trucks for industrial and logistic applications. Geographically, the company has its presence in Domestic and International markets and earns majority of the revenue from Domestic Sales.

Executives

Raymond Z Wang	officer: CEO and President	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Peter Wang	director, 10 percent owner
Jing Jin	officer: Chief Financial Officer	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Ming Zhao	director	1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Bo Shen	director	11-F, BUILDING 12, SUNKIN PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Charles Athle Nelson	director	11-F, BUILDING 12, SUNKING PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Min Zhang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Everett Xiaolin Wang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Liu Yanming	director, 10 percent owner	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Lei Chen	officer: Chief Scientist	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Greenland Asset Management Corp	10 percent owner	WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006
Hong Liang Lu	director	C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Cui Shan	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Tao Tang	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Jerry Zheng	officer: COO	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006