GMR Solutions Inc. (GMRS) Balance Sheet

NYSE: GMRSAssets, liabilities, debt and equity over 2 years.

GMRS balance sheet, 2025

December 31, 2025 · U.S. dollars

$7.48B assets = $7.28B liabilities + $204.2M equity

What it owns$7.48BCash & ST investments: $688.0M (9.2%)$688.0MReceivables: $1.09B (14.6%)Receivables$1.09B · 15%Inventory: $115.7M (1.5%)Other current: $233.6M (3.1%)PP&E: $1.65B (22.0%)PP&E$1.65B · 22%Goodwill & intangibles: $3.38B (45.2%)Goodwill & intangibles$3.38B · 45%Other non-current: $315.6M (4.2%)=How it is financed$7.48BCurrent liabilities: $1.06B (14.2%)Current liabilities$1.06B · 14%Long-term debt: $4.90B (65.5%)Long-term debt$4.90B · 65%Other LT liabilities: $1.31B (17.6%)Other LT liabilities$1.31B · 18%Shareholders’ equity: $204.2M (2.7%)

Both columns are drawn to the same scale: what GMRS owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GMRS financial health

Current ratio2.00
Comfortable · current assets cover current liabilities 2.00×
Debt / equity26.31
High leverage · $26.31 of debt for each $1 of equity
Equity / assets2.7%
Thin equity · of assets funded by shareholders
Cash / debt12.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles45.2%
Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GMRS balance sheet trends, 2024–2025

MetricTrendThenLatestChange
Total assets$7.12B2024$7.48B2025+5.1%/yr
Total liabilities$6.93B2024$7.28B2025+5.0%/yr
Shareholders’ equity$188.0M2024$204.2M2025+8.6%/yr
Cash & short-term investments$434.8M2024$688.0M2025+58.2%/yr
Total debt$4.38B2024$5.37B2025+22.6%/yr
Net cash (debt)−$3.95B2024−$4.68B2025−$735.3M
Working capital$802.1M2024$1.07B2025+$265.5M
Book value per share$3.482024$0.912025−73.7%/yr
Current ratio1.7920242.002025+0.21
Debt / equity23.31202426.312025+3.00
Shares outstanding54.0M2024223.1M2025+313.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GMRS assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GMRS liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GMRS debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GMRS balance sheet

20252024
Assets
Cash & short-term investments$688.0M$434.8M
Cash & equivalents$609.3M$352.3M
Short-term investments$78.6M$82.5M
Receivables$1.09B$1.08B
Inventory$115.7M$105.7M
Other current assets$233.6M$199.2M
Total current assets$2.13B$1.82B
Property, plant & equipment (net)$1.65B$1.52B
Goodwill & intangible assets$3.38B$3.49B
Long-term investments$0$0
Other non-current assets$315.6M$286.7M
Total assets$7.48B$7.12B
Liabilities
Accounts payable$60.0M$54.7M
Short-term debt$225.9M—
Deferred revenue$52.1M—
Total current liabilities$1.06B$1.02B
Long-term debt$4.90B$4.38B
Lease obligations$325.5M$315.1M
Other long-term liabilities$1.31B$1.53B
Total liabilities$7.28B$6.93B
Shareholders' equity
Common stock & paid-in capital$2,000—
Retained earnings (deficit)−$259.5M−$465.7M
Accumulated other comprehensive income$7.2M—
Total shareholders' equity$204.2M$188.0M
Key figures
Total debt$5.37B$4.38B
Net cash (debt)−$4.68B−$3.95B
Working capital$1.07B$802.1M
Tangible book value−$3.18B−$3.30B
Book value per share$0.91$3.48
Shares outstanding223.1M54.0M
Current ratio2.001.79
Quick ratio1.671.49
Debt / equity26.3123.31
Equity / assets2.7%2.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.

GMRS financial position

At the end of fiscal 2025 (December 31, 2025), GMR Solutions had total assets of $7.5 billion (up 5.1% from a year earlier), total liabilities of $7.3 billion and shareholders' equity of $204.2 million. It held $688.0 million in cash and short-term investments against $5.4 billion of debt, net debt of $4.7 billion. Its current ratio was 2.00. In the latest quarter (ended June 30, 2026) total assets were $7.4 billion and equity $789.3 million.

Related: GMRS income statement, GMRS cash flow statement, GMRS key metrics. See the GMRS stock overview for the latest quote and news.

GMRS balance sheet FAQ

What are GMR Solutions's total assets?

GMR Solutions reported total assets of $7.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.1 billion a year earlier.

How much debt does GMR Solutions have?

GMR Solutions had $5.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 26.31.

How much cash does GMR Solutions have?

GMR Solutions held $688.0 million in cash and short-term investments at the end of fiscal 2025; with $5.4 billion of debt that is net debt of $4.7 billion.

What is GMR Solutions's book value?

GMR Solutions's shareholders' equity (book value) was $204.2 million at the end of fiscal 2025, or $0.91 per share.

What is GMR Solutions's current ratio?

GMR Solutions had current assets of $2.1 billion and current liabilities of $1.1 billion, a current ratio of 2.00 (it can cover its short-term obligations).

How much goodwill does GMR Solutions have?

GMR Solutions carried $3.4 billion of goodwill and intangible assets, 45.2% of total assets, at the end of fiscal 2025.

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