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, NJ
State of incorporation
Virgin Islands, British
Fiscal year end
December 31
Former names
Greenland Acquisition Corp. (to 10/25/2019)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 155 % -21.7%
Quick Ratio 31.4 % -4.15%
Debt-to-equity 133 % +29.3%
Return On Equity -20.3 % -1412%
Return On Assets -9.05 % -1172%
Operating Margin 12.1 % +69.7%

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 90.4M USD +4.29%
Cost of Revenue 1.18M USD -97.6%
Research and Development Expense 4.99M USD -21.9%
General and Administrative Expense 6.27M USD +2.92%
Operating Income (Loss) 10.9M USD +77%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -19.4M USD -547%
Income Tax Expense (Benefit) 1.6M USD +275%
Net Income (Loss) Attributable to Parent -12.6M USD -1054%
Earnings Per Share, Basic -0.97 USD/shares -1717%
Earnings Per Share, Diluted -0.97 USD/shares -1717%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 17.1M USD +12.4%
Accounts Receivable, after Allowance for Credit Loss, Current 21.9M USD +4.66%
Inventory, Net 20.3M USD +0.17%
Other Assets, Current 375K USD +320%
Assets, Current 102M USD -23.2%
Deferred Income Tax Assets, Net 452K USD
Property, Plant and Equipment, Net 13.7M USD -11.4%
Operating Lease, Right-of-Use Asset 1.87M USD -21.3%
Goodwill 3.89K USD 0%
Other Assets, Noncurrent 475K USD +85.6%
Assets 127M USD -17.8%
Accounts Payable, Current 24.8M USD -0.76%
Accrued Liabilities, Current 1.55M USD +44.3%
Contract with Customer, Liability, Current 218K USD -20%
Liabilities, Current 64M USD -2%
Contract with Customer, Liability, Noncurrent 1.38M USD
Operating Lease, Liability, Noncurrent 1.43M USD -25.7%
Liabilities 68M USD -1.28%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.53M USD +39.1%
Retained Earnings (Accumulated Deficit) 25.7M USD -37.5%
Stockholders' Equity Attributable to Parent 56.3M USD -21.9%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 58.8M USD -31.1%
Liabilities and Equity 127M USD -17.8%

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 21M USD +10.4%
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 1.93M USD -21.7%
Depreciation 490K USD -9.26%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -10.3M USD -240%
Lessee, Operating Lease, Liability, to be Paid 2.11M USD -23.4%
Property, Plant and Equipment, Gross 32M USD -0.24%
Operating Lease, Liability, Current 496K USD -7.03%
Lessee, Operating Lease, Liability, to be Paid, Year Two 615K USD -4.31%
Lessee, Operating Lease, Liability, to be Paid, Year One 598K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure
Deferred Income Tax Expense (Benefit) -186K USD -260%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 181K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 316K USD -45.6%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 624K USD +2.92%
Operating Lease, Payments 146K USD +1507%
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%