Greenland Mines Ltd (GRML) Balance Sheet
GRML balance sheet, 2025
December 31, 2025 · U.S. dollars$9.6M assets = $129,763 liabilities + $9.5M equity
Both columns are drawn to the same scale: what GRML owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GRML financial health
Descriptive bands, not a rating. Fiscal 2025.
GRML balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $118.2M2022 | $9.6M2025 | −56.7%/yr | |
| Total liabilities | $4.9M2022 | $129,7632025 | −70.3%/yr | |
| Shareholders’ equity | $113.3M2022 | $9.5M2025 | −56.3%/yr | |
| Cash & short-term investments | $340,9622022 | $7.2M2025 | +176.1%/yr | |
| Total debt | $1.5M2023 | $271,7532024 | −81.5%/yr | |
| Net cash (debt) | −$1.5M2023 | −$208,0122024 | +$1.3M | |
| Working capital | −$66,0832022 | $7.2M2025 | +$7.3M | |
| Debt / equity | 2.572023 | 0.232024 | −2.34 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRML assets
GRML liabilities and equity
GRML debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GRML balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $7.2M | $63,741 | $2,808 | $340,962 |
| Cash & equivalents | $7.2M | $63,741 | $2,808 | $340,962 |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $117,071 | $94,070 | $3,840 | $99,196 |
| Total current assets | $7.3M | $157,811 | $6,648 | $440,158 |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $2.3M | $2.3M | $2.2M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $117.8M |
| Total assets | $9.6M | $2.5M | $2.2M | $118.2M |
| Liabilities | ||||
| Accounts payable | $44,607 | $63,686 | — | — |
| Short-term debt | — | $271,753 | $1.5M | — |
| Total current liabilities | $76,764 | $1.2M | $1.6M | $506,241 |
| Long-term debt | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $52,999 | $24,486 | $0 | $4.4M |
| Total liabilities | $129,763 | $1.3M | $1.6M | $4.9M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $7,254 | $2,708 | $1,513 | $117.4M |
| Retained earnings (deficit) | −$21.1M | −$10.6M | −$3.9M | −$4.0M |
| Accumulated other comprehensive income | $516,000 | — | — | — |
| Total shareholders' equity | $9.5M | $1.2M | $571,717 | $113.3M |
| Key figures | ||||
| Total debt | — | $271,753 | $1.5M | — |
| Net cash (debt) | — | −$208,012 | −$1.5M | — |
| Working capital | $7.2M | −$1.1M | −$1.6M | −$66,083 |
| Tangible book value | $7.2M | −$1.1M | −$1.6M | $113.3M |
| Current ratio | 95.01 | 0.13 | 0.00 | 0.87 |
| Quick ratio | 93.49 | 0.05 | 0.00 | 0.67 |
| Debt / equity | — | 0.23 | 2.57 | — |
| Equity / assets | 98.6% | 48.2% | 26.1% | 95.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $9.3M | $10.0M | $7.2M | $7.3M | $8.4M | $565,869 | $63,741 | $50,895 | $845,336 | $8,051 | $2,808 | $146,334 |
| Cash & equivalents | $9.3M | $10.0M | $7.2M | $7.3M | $8.4M | $565,869 | $63,741 | $50,895 | $845,336 | $8,051 | $2,808 | $146,334 |
| Receivables | $0 | $0 | $0 | $339,253 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.9M | $929,165 | $117,071 | $86,303 | $115,386 | $121,843 | $94,070 | $103,750 | $154,500 | $0 | $3,840 | $57,477 |
| Total current assets | $12.2M | $10.9M | $7.3M | $7.8M | $8.5M | $687,712 | $157,811 | $154,645 | $999,836 | $8,051 | $6,648 | $203,811 |
| Property, plant & equipment (net) | $317,530 | $48.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $48.7M | $254,301 | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $0 | $2.2M | $0 |
| Long-term investments | $3.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $134,677 | $134,676 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.6M | $0 | $57.8M |
| Total assets | $65.0M | $59.7M | $9.6M | $10.1M | $10.8M | $3.0M | $2.5M | $2.5M | $3.3M | $19.6M | $2.2M | $58.0M |
| Liabilities | ||||||||||||
| Accounts payable | $698,215 | $151,112 | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | $297,968 | $294,541 | — | — | — | $1.8M | $271,753 | $151,000 | $31,000 | — | $1.5M | — |
| Total current liabilities | $1.2M | $553,739 | $76,764 | $92,891 | $62,962 | $2.3M | $1.2M | $982,428 | $898,563 | $2.6M | $1.6M | $1.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $5.9M | $7.7M | $52,999 | $52,999 | $132,446 | $10,971 | $24,486 | $21,199 | $4.0M | $5.9M | $0 | $5.6M |
| Total liabilities | $7.1M | $8.3M | $129,763 | $145,891 | $195,409 | $2.3M | $1.3M | $1.0M | $4.9M | $8.5M | $1.6M | $7.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $15,885 | $12,124 | $7,254 | $7,033 | $5,270 | $2,851 | $2,708 | $306,448 | $306,030 | $18.8M | $1,513 | $57.2M |
| Retained earnings (deficit) | −$38.7M | −$35.0M | −$21.1M | −$19.8M | −$16.9M | −$12.8M | −$10.6M | −$8.5M | −$5.5M | −$7.7M | −$3.9M | −$6.4M |
| Accumulated other comprehensive income | — | — | $516,000 | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $57.9M | $51.5M | $9.5M | $9.9M | $10.7M | $638,709 | $1.2M | $1.5M | −$1.6M | $11.1M | $571,717 | $50.8M |
| Key figures | ||||||||||||
| Total debt | $297,968 | $294,541 | — | — | — | $1.8M | $271,753 | $151,000 | $3.9M | $1.5M | $1.5M | $1.1M |
| Net cash (debt) | $9.0M | $9.7M | — | — | — | −$1.2M | −$208,012 | −$100,105 | −$3.1M | −$1.5M | −$1.5M | −$993,666 |
| Working capital | $11.0M | $10.4M | $7.2M | $7.7M | $8.5M | −$1.6M | −$1.1M | −$827,783 | $101,273 | −$2.6M | −$1.6M | −$1.5M |
| Tangible book value | $9.2M | $51.2M | $7.2M | $7.6M | $8.4M | −$1.7M | −$1.1M | −$848,983 | −$3.9M | $11.1M | −$1.6M | $50.8M |
| Current ratio | 10.09 | 19.74 | 95.01 | 83.69 | 135.74 | 0.29 | 0.13 | 0.16 | 1.11 | 0.00 | 0.00 | 0.12 |
| Quick ratio | 7.72 | 18.06 | 93.49 | 82.76 | 133.91 | 0.24 | 0.05 | 0.05 | 0.94 | 0.00 | 0.00 | 0.09 |
| Debt / equity | 0.01 | 0.01 | — | — | — | 2.77 | 0.23 | 0.10 | — | 0.14 | 2.57 | 0.02 |
| Equity / assets | 89.1% | 86.2% | 98.6% | 98.6% | 98.2% | 21.4% | 48.2% | 59.3% | −46.9% | 56.6% | 26.1% | 87.5% |
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.
GRML financial position
At the end of fiscal 2025 (December 31, 2025), Greenland Mines had total assets of $9.6 million (up 290.4% from a year earlier), total liabilities of $0.1 million and shareholders' equity of $9.5 million. Its current ratio was 95.01. In the latest quarter (ended June 30, 2026) total assets were $65.0 million and equity $57.9 million.
Related: GRML income statement, GRML cash flow statement, GRML key metrics. See the GRML stock overview for the latest quote and news.
GRML balance sheet FAQ
What are Greenland Mines's total assets?
Greenland Mines reported total assets of $9.6 million at the end of fiscal 2025 (December 31, 2025), compared with $2.5 million a year earlier.
How much cash does Greenland Mines have?
Greenland Mines held $7.2 million in cash and short-term investments at the end of fiscal 2025.
What is Greenland Mines's book value?
Greenland Mines's shareholders' equity (book value) was $9.5 million at the end of fiscal 2025.
What is Greenland Mines's current ratio?
Greenland Mines had current assets of $7.3 million and current liabilities of $0.1 million, a current ratio of 95.01 (it can cover its short-term obligations).
How much goodwill does Greenland Mines have?
Greenland Mines carried $2.3 million of goodwill and intangible assets, 24.0% of total assets, at the end of fiscal 2025.