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 - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 147 % -26.1%
Quick Ratio 33.1 % +2.86%
Debt-to-equity 139 % +37.2%
Return On Equity -22.1 % -2136%
Return On Assets -9.44 % -1643%
Operating Margin 12.6 % +58.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 13.6M shares +4.75%
Common Stock, Shares, Outstanding 13.6M shares 0%
Entity Public Float 10.8M USD -69.2%
Weighted Average Number of Shares Outstanding, Basic 13.6M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 13.6M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 87.4M USD +0.76%
Cost of Revenue 1.18M USD -97.6%
Research and Development Expense 4.18M USD -36.7%
General and Administrative Expense 5.87M USD -9.95%
Operating Income (Loss) 11M USD +60%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -19.7M USD -807%
Income Tax Expense (Benefit) 1.07M USD +35.4%
Net Income (Loss) Attributable to Parent -12.4M USD -1359%
Earnings Per Share, Basic -0.95 USD/shares -764%
Earnings Per Share, Diluted -0.95 USD/shares -764%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 17.6M USD -18.1%
Accounts Receivable, after Allowance for Credit Loss, Current 20.3M USD -2.68%
Inventory, Net 21.8M USD +6.57%
Other Assets, Current 375K USD +320%
Assets, Current 100M USD -27.9%
Deferred Income Tax Assets, Net 484K USD
Property, Plant and Equipment, Net 13.8M USD +0.68%
Operating Lease, Right-of-Use Asset 1.75M USD -22.4%
Goodwill 3.89K USD 0%
Other Assets, Noncurrent 390K USD +53.8%
Assets 128M USD -20%
Accounts Payable, Current 26.3M USD +2.37%
Accrued Liabilities, Current 1.7M USD +27.1%
Contract with Customer, Liability, Current 218K USD -20%
Liabilities, Current 59.7M USD -15.4%
Contract with Customer, Liability, Noncurrent 1.37M USD
Operating Lease, Liability, Noncurrent 1.3M USD -28%
Liabilities 66.2M USD -10.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2M USD +43.6%
Retained Earnings (Accumulated Deficit) 25M USD -37.8%
Stockholders' Equity Attributable to Parent 57.1M USD -22.2%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 61.3M USD -28.2%
Liabilities and Equity 128M USD -20%

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 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 20.7M USD -14.9%
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 1.81M USD -21.2%
Depreciation 490K USD -9.26%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -10.8M USD -34787%
Lessee, Operating Lease, Liability, to be Paid 1.96M USD -23.1%
Property, Plant and Equipment, Gross 34.9M USD +9.02%
Operating Lease, Liability, Current 506K USD +4.31%
Lessee, Operating Lease, Liability, to be Paid, Year Two 602K USD +2.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 585K USD -0.89%
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 157K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 620K USD +2.91%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 158K USD -74.5%
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%