Greenland Mines Ltd (GRML) - Net Assets
Based on the latest financial reports, Greenland Mines Ltd (GRML) has net assets worth $57.90 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($65.01 Million) and total liabilities ($7.11 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GRML PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $57.90 Million |
| % of Total Assets | 89.06% |
| Annual Growth Rate | -56.28% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 338.08 |
Greenland Mines Ltd - Net Assets Trend (2022–2025)
This chart illustrates how Greenland Mines Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Greenland Mines Ltd worth.
Annual Net Assets for Greenland Mines Ltd (2022–2025)
The table below shows the annual net assets of Greenland Mines Ltd from 2022 to 2025. Also explore Greenland Mines Ltd (GRML) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.46 Million | +698.37% |
| 2024-12-31 | $1.19 Million | +107.33% |
| 2023-12-31 | $571.72K | -99.50% |
| 2022-12-31 | $113.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greenland Mines Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1706962200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.25K | 0.08% |
| Other Comprehensive Income | $516.00K | 5.45% |
| Other Components | $30.05 Million | 317.59% |
| Total Equity | $9.46 Million | 100.00% |
Greenland Mines Ltd Competitors by Market Cap
The table below lists competitors of Greenland Mines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greentech Metals Ltd
AU:GRE
|
$9.52 Million |
|
Reliance Chemotex Industries Limited
NSE:RELCHEMQ
|
$9.52 Million |
|
Viking Mines Ltd
AU:VKA
|
$9.52 Million |
|
ESSA Pharma Inc
NASDAQ:EPIX
|
$9.52 Million |
|
Af Legal Group Ltd
AU:AFL
|
$9.51 Million |
|
Kore Mining Ltd
V:KORE
|
$9.51 Million |
|
HiteJinro Co Ltd
KO:000087
|
$9.49 Million |
|
Mainz Biomed BV
NASDAQ:MYNZ
|
$9.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greenland Mines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,185,345 to 9,463,476, a change of 8,278,131 (698.4%).
- Net loss of 10,551,674 reduced equity.
- New share issuances of 13,006,963 increased equity.
- Other comprehensive income increased equity by 516,000.
- Other factors increased equity by 5,306,842.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.55 Million | -111.5% |
| Share Issuances | $13.01 Million | +137.44% |
| Other Comprehensive Income | $516.00K | +5.45% |
| Other Changes | $5.31 Million | +56.08% |
| Total Change | $- | 698.37% |
Book Value vs Market Value Analysis
This analysis compares Greenland Mines Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.31x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $760.26 | $3.00 | x |
| 2023-12-31 | $1.89 | $3.00 | x |
| 2024-12-31 | $3.08 | $3.00 | x |
| 2025-12-31 | $9.76 | $3.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greenland Mines Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -111.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-111.50%) is above the historical average (-188.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 1.09% | 0.00% | 0.00x | 1.04x | $-10.10 Million |
| 2023 | -123.74% | 0.00% | 0.00x | 3.84x | $-764.63K |
| 2024 | -518.87% | 0.00% | 0.00x | 2.07x | $-6.27 Million |
| 2025 | -111.50% | 0.00% | 0.00x | 1.01x | $-11.50 Million |
Industry Comparison
This section compares Greenland Mines Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $11,791,599,530
- Average return on equity (ROE) among peers: -45.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenland Mines Ltd (GRML) | $57.90 Million | 1.09% | 0.12x | $9.52 Million |
| Compania de Minas Buenaventura SAA ADR (BVN) | $683.83 Million | 30.52% | 0.59x | $8.11 Billion |
| Elemental Royalty Corporation Common Stock (ELE) | $2.20 Million | -141.07% | 1.40x | $1.25 Billion |
| Hecla Mining Company (HL) | $2.59 Billion | 12.41% | 0.37x | $11.30 Billion |
| Comstock Mining Inc (LODE) | $18.39 Million | -167.24% | 1.60x | $225.46 Million |
| Perpetua Resources Corp (PPTA) | $11.84 Million | -4.97% | 0.09x | $2.82 Billion |
| Sibanye Gold Ltd ADR (SBSW) | $91.00 Billion | 20.21% | 0.83x | $8.96 Billion |
| Sinda Ltd. (SIND) | $20.31 Million | -92.03% | 0.17x | $2.26 Billion |
| Vox Royalty Corp. Common Stock (VOXR) | $576.01K | -21.74% | 0.05x | $382.92 Million |
About Greenland Mines Ltd
Greenland Mines Ltd engages in the cell and gene therapy, and natural resources businesses. The company primarily explores palladium, gold, and platinum deposits. It focuses on the exploration and development of Skaergaard project located in Southeast Greenland and the Sarartoq neodymium-praseodymium (Nd-Pr) rare earths project in Southwest Greenland. The company is also involved in the developme… Read more