Greenland Acquisition Corp (GTEC) - Net Assets
Based on the latest financial reports, Greenland Acquisition Corp (GTEC) has net assets worth $69.85 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($123.43 Million) and total liabilities ($53.57 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. Also explore Greenland Acquisition Corp total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $69.85 Million |
| % of Total Assets | 56.59% |
| Annual Growth Rate | 6.15% |
| 5-Year Change | 5.15% |
| 10-Year Change | N/A |
| Growth Volatility | 23.15 |
Greenland Acquisition Corp - Net Assets Trend (2017–2024)
This chart illustrates how Greenland Acquisition Corp's net assets have evolved over time, based on quarterly financial data. Check GTEC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Greenland Acquisition Corp (2017–2024)
The table below shows the annual net assets of Greenland Acquisition Corp from 2017 to 2024. For live valuation and market cap data, see GTEC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $53.27 Million | +5.16% |
| 2023-12-31 | $50.65 Million | -36.23% |
| 2022-12-31 | $79.43 Million | +6.13% |
| 2021-12-31 | $74.84 Million | +47.73% |
| 2020-12-31 | $50.66 Million | +7.88% |
| 2019-12-31 | $46.96 Million | +18.47% |
| 2018-12-31 | $39.64 Million | -9.96% |
| 2018-11-30 | $44.03 Million | +25.51% |
| 2017-12-31 | $35.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greenland Acquisition Corp'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 grown by 145.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $32.60 Million | 54.15% |
| Other Comprehensive Income | $135.23K | 0.22% |
| Other Components | $27.47 Million | 45.63% |
| Total Equity | $60.21 Million | 100.00% |
Greenland Acquisition Corp Competitors by Market Cap
The table below lists competitors of Greenland Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AEON Biopharma, Inc.
NYSE MKT:AEON
|
$9.05 Million |
|
VerifyMe Inc
NASDAQ:VRME
|
$9.05 Million |
|
RED LIGHT HOLLAND CORP.
F:4YX
|
$9.05 Million |
|
Pacific Ridge Exploration Ltd
V:PEX
|
$9.06 Million |
|
Diversified Energy Company PLC
LSE:DEC
|
$9.04 Million |
|
FLYNN Gold Ltd
AU:FG1
|
$9.04 Million |
|
AIRIQ INC.
F:EPXN
|
$9.04 Million |
|
Kalgoorlie Gold Mining Ltd
AU:KAL
|
$9.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greenland Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,080,230 to 60,207,697, a change of 10,127,467 (20.2%).
- Net income of 14,066,972 contributed positively to equity growth.
- Dividend payments of 5,934,100 reduced retained earnings.
- Other comprehensive income decreased equity by 1,123,306.
- Other factors increased equity by 3,117,901.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.07 Million | +23.36% |
| Dividends Paid | $5.93 Million | -9.86% |
| Other Comprehensive Income | $-1.12 Million | -1.87% |
| Other Changes | $3.12 Million | +5.18% |
| Total Change | $- | 20.22% |
Book Value vs Market Value Analysis
This analysis compares Greenland Acquisition Corp'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: 0.12x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $27.18 | $0.52 | x |
| 2018-12-31 | $4.23 | $0.52 | x |
| 2019-12-31 | $4.87 | $0.52 | x |
| 2020-12-31 | $4.47 | $0.52 | x |
| 2021-12-31 | $5.75 | $0.52 | x |
| 2022-12-31 | $5.53 | $0.52 | x |
| 2023-12-31 | $3.79 | $0.52 | x |
| 2024-12-31 | $4.43 | $0.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greenland Acquisition Corp 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): 23.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.76%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.92x
- Recent ROE (23.36%) is above the historical average (4.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -12.01% | -6.65% | 0.45x | 3.99x | $-5.98 Million |
| 2018 | 18.77% | 9.89% | 0.54x | 3.51x | $2.78 Million |
| 2019 | 11.57% | 8.52% | 0.49x | 2.76x | $604.97K |
| 2020 | 15.06% | 10.11% | 0.51x | 2.94x | $2.27 Million |
| 2021 | 10.06% | 6.34% | 0.61x | 2.61x | $37.10K |
| 2022 | 1.13% | 0.82% | 0.59x | 2.36x | $-5.83 Million |
| 2023 | -31.71% | -17.58% | 0.69x | 2.61x | $-20.89 Million |
| 2024 | 23.36% | 16.76% | 0.73x | 1.92x | $8.05 Million |
Industry Comparison
This section compares Greenland Acquisition Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,300,996,522
- Average return on equity (ROE) among peers: 14.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenland Acquisition Corp (GTEC) | $69.85 Million | -12.01% | 0.77x | $9.04 Million |
| Advance Auto Parts Inc (AAP) | $3.56 Billion | 13.85% | 2.33x | $3.35 Billion |
| Adient PLC (ADNT) | $2.16 Billion | -13.02% | 3.15x | $1.57 Billion |
| Allison Transmission Holdings Inc (ALSN) | $1.19 Billion | 15.31% | 2.71x | $9.50 Billion |
| Autoliv Inc (ALV) | $3.44 Billion | 13.59% | 1.16x | $9.22 Billion |
| Aptiv PLC (APTV) | $9.50 Billion | 1.74% | 1.46x | $11.95 Billion |
| Atmus Filtration Technologies Inc. (ATMU) | $227.40 Million | 81.62% | 4.23x | $4.22 Billion |
| American Axle & Manufacturing (AXL) | $640.00 Million | -3.08% | 9.42x | $1.36 Billion |
| AutoZone Inc (AZO) | $1.08 Billion | 18.14% | 0.75x | $49.70 Billion |
| BorgWarner Inc (BWA) | $1.12 Billion | 5.95% | 1.48x | $13.07 Billion |
| China Automotive Systems Inc (CAAS) | $104.55 Million | 11.89% | 1.21x | $136.07 Million |
About Greenland Acquisition Corp
Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electr… Read more