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

Income Statement

Label TTM Value / Value Unit Change %
Revenues 90.9 M USD +8.65%
Cost of Revenue 1.18 M USD -97.6%
Research and Development Expense 5.29 M USD -9.13%
General and Administrative Expense 6.59 M USD +13.3%
Operating Income (Loss) 10.3 M USD +108%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -22.7 M USD -709%
Income Tax Expense (Benefit) 1.23 M USD +225%
Net Income (Loss) Attributable to Parent -14.8 M 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 16 M USD +3.79%
Accounts Receivable, after Allowance for Credit Loss, Current 21.2 M USD +9.16%
Inventory, Net 24.7 M USD +9.97%
Other Assets, Current 375 K USD +320%
Assets, Current 103 M USD -23.5%
Deferred Income Tax Assets, Net 437 K USD
Property, Plant and Equipment, Net 13.7 M USD -11.4%
Operating Lease, Right-of-Use Asset 2 M USD -20.3%
Goodwill 3.89 K USD 0%
Other Assets, Noncurrent 335 K USD +31.3%
Assets 139 M USD -11.6%
Accounts Payable, Current 30.8 M USD +8.53%
Accrued Liabilities, Current 1.44 M USD +67.1%
Contract with Customer, Liability, Current 218 K USD -20%
Liabilities, Current 79.8 M USD +21.1%
Operating Lease, Liability, Noncurrent 1.56 M USD -23.8%
Liabilities 85.9 M USD +23.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.24 M USD -23.6%
Retained Earnings (Accumulated Deficit) 21 M USD -45.6%
Stockholders' Equity Attributable to Parent 51.9 M USD -28.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 53.3 M USD -39.2%
Liabilities and Equity 139 M USD -11.6%

Popular Metrics

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