Greenland Technologies Holding Corp. financial data

Symbol
GTEC on Nasdaq, GTECW on OTC
Industry
General Industrial Machinery & Equipment
Location
50 Millstone Road, Building 400, Suite 130, East Windsor, New Jersey
State of incorporation
Virgin Islands, British
Fiscal year end
December 31
Former names
Greenland Acquisition Corp. (to 10/25/2019)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 165 % -13.9%
Quick Ratio 31.3 % -6.27%
Debt-to-equity 125 % +15.6%
Return On Equity -21.6 % -4523%
Return On Assets -10.2 % -3991%
Operating Margin 11.4 % +91.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 13.6M shares +4.75%
Common Stock, Shares, Outstanding 13.6M shares +4.75%
Entity Public Float 10.8M USD -69.2%
Weighted Average Number of Shares Outstanding, Basic 13.6M shares +4.75%
Weighted Average Number of Shares Outstanding, Diluted 13.6M shares +4.75%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 90.9M USD +8.65%
Cost of Revenue 1.18M USD -97.6%
Research and Development Expense 5.29M USD -9.13%
General and Administrative Expense 6.59M USD +13.3%
Operating Income (Loss) 10.3M USD +108%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -22.7M USD -709%
Income Tax Expense (Benefit) 1.23M USD +225%
Net Income (Loss) Attributable to Parent -14.8M USD -3756%
Earnings Per Share, Basic -1.13 USD/shares -11400%
Earnings Per Share, Diluted -1.13 USD/shares -11400%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 16M USD +3.79%
Accounts Receivable, after Allowance for Credit Loss, Current 21.2M USD +9.16%
Inventory, Net 24.7M USD +9.97%
Other Assets, Current 375K USD +320%
Assets, Current 103M USD -23.5%
Deferred Income Tax Assets, Net 437K USD
Property, Plant and Equipment, Net 13.7M USD -11.4%
Operating Lease, Right-of-Use Asset 2M USD -20.3%
Goodwill 3.89K USD 0%
Other Assets, Noncurrent 335K USD +31.3%
Assets 139M USD -11.6%
Accounts Payable, Current 30.8M USD +8.53%
Accrued Liabilities, Current 1.44M USD +67.1%
Contract with Customer, Liability, Current 218K USD -20%
Liabilities, Current 79.8M USD +21.1%
Operating Lease, Liability, Noncurrent 1.56M USD -23.8%
Liabilities 85.9M USD +23.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.24M USD -23.6%
Retained Earnings (Accumulated Deficit) 21M USD -45.6%
Stockholders' Equity Attributable to Parent 51.9M USD -28.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 53.3M USD -39.2%
Liabilities and Equity 139M USD -11.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -8.42M USD -324%
Net Cash Provided by (Used in) Financing Activities 2.34M USD
Net Cash Provided by (Used in) Investing Activities -1.88M USD -1063%
Common Stock, Shares Authorized 13M shares
Common Stock, Shares, Issued 13.6M shares +4.75%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 19.8M USD -2.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 27.9K USD -63.9%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.25 pure 0%
Operating Lease, Liability 2.05M USD
Depreciation 490K USD -9.26%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -15.4M USD -344%
Lessee, Operating Lease, Liability, to be Paid 2.25M USD
Property, Plant and Equipment, Gross 32M USD -0.24%
Operating Lease, Liability, Current 489K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 611K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 593K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure
Deferred Income Tax Expense (Benefit) -186K USD -260%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 206K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 471K USD
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 624K USD +2.92%
Operating Lease, Payments 594K USD +76.1%
Additional Paid in Capital 33M USD +38.3%
Operating Leases, Future Minimum Payments, Due in Two Years 30.9K USD
Depreciation, Depletion and Amortization 590K USD +8.68%
Interest Expense 228K USD -37.5%