Greenland Resources Inc
Greenland Resources Inc., a mining company, engages in the acquisition, exploration, and development of mineral projects in Greenland. Its flagship project is the 100% owned Malmbjerg molybdenum and magnesium project covering an area of 82 square kilometer located in eastern Greenland. The company was formerly known as Primera Bioscience Research Inc. and changed its name to Greenland Resources I… Read more
Greenland Resources Inc (GRLRF) - Net Assets
Latest net assets as of December 2025: $11.75 Million USD
Based on the latest financial reports, Greenland Resources Inc (GRLRF) has net assets worth $11.75 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.30 Million) and total liabilities ($548.47K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.75 Million |
| % of Total Assets | 95.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | -81.85% |
| 10-Year Change | 128.72% |
| Growth Volatility | 308.73 |
Greenland Resources Inc - Net Assets Trend (2014–2025)
This chart illustrates how Greenland Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Greenland Resources Inc (2014–2025)
The table below shows the annual net assets of Greenland Resources Inc from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.45 Million | -60.79% |
| 2024-03-31 | $3.70 Million | +4.53% |
| 2023-03-31 | $3.54 Million | +60.06% |
| 2022-03-31 | $2.21 Million | -72.33% |
| 2021-03-31 | $7.99 Million | +490.06% |
| 2020-03-31 | $1.35 Million | -55.37% |
| 2019-03-31 | $3.04 Million | -33.30% |
| 2018-03-31 | $4.55 Million | +908.09% |
| 2017-03-31 | $451.54K | -28.84% |
| 2016-03-31 | $634.55K | -59.82% |
| 2015-03-31 | $1.58 Million | +6925.71% |
| 2014-03-31 | $-23.14K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greenland Resources Inc'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 2783560400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.21 Million | 1875.15% |
| Other Components | $2.10 Million | 144.36% |
| Total Equity | $1.45 Million | 100.00% |
Greenland Resources Inc Competitors by Market Cap
The table below lists competitors of Greenland Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LONGBOAT ENERGY LS-10
F:8YG
|
$52.18 Million |
|
Taiwan Kong King Co Ltd
TWO:3093
|
$52.18 Million |
|
ChainSea Information Integration Co.,Ltd.
TWO:6898
|
$52.19 Million |
|
Funkwerk AG
F:FEW
|
$52.20 Million |
|
BioNote Inc.
KO:377740
|
$52.17 Million |
|
Betmakers Technology Group Ltd
PINK:TPBTF
|
$52.16 Million |
|
Korea Parts & Fasteners Co.Ltd
KQ:024880
|
$52.16 Million |
|
Alpha Technology Group Limited Ordinary Shares
NASDAQ:ATGL
|
$52.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greenland Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,701,537 to 1,451,345, a change of -2,250,192 (-60.8%).
- Net loss of 4,058,773 reduced equity.
- Other comprehensive income decreased equity by 547,674.
- Other factors increased equity by 2,356,255.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.06 Million | -279.66% |
| Other Comprehensive Income | $-547.67K | -37.74% |
| Other Changes | $2.36 Million | +162.35% |
| Total Change | $- | -60.79% |
Book Value vs Market Value Analysis
This analysis compares Greenland Resources Inc'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: 44.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | $0.00 | $0.55 | x |
| 2015-03-31 | $0.06 | $0.55 | x |
| 2016-03-31 | $0.02 | $0.55 | x |
| 2017-03-31 | $0.01 | $0.55 | x |
| 2018-03-31 | $0.05 | $0.55 | x |
| 2019-03-31 | $0.03 | $0.55 | x |
| 2020-03-31 | $0.01 | $0.55 | x |
| 2021-03-31 | $0.08 | $0.55 | x |
| 2022-03-31 | $0.02 | $0.55 | x |
| 2023-03-31 | $0.04 | $0.55 | x |
| 2024-03-31 | $0.03 | $0.55 | x |
| 2025-03-31 | $0.01 | $0.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greenland Resources Inc 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): -279.66%
- 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: 1.40x
- Recent ROE (-279.66%) is below the historical average (-115.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-67.09K |
| 2015 | -94.33% | 0.00% | 0.00x | 1.12x | $-1.65 Million |
| 2016 | -187.24% | 0.00% | 0.00x | 1.07x | $-1.25 Million |
| 2017 | -41.97% | 0.00% | 0.00x | 1.10x | $-234.66K |
| 2018 | -30.77% | 0.00% | 0.00x | 1.06x | $-1.86 Million |
| 2019 | -56.93% | 0.00% | 0.00x | 1.03x | $-2.03 Million |
| 2020 | -127.84% | 0.00% | 0.00x | 1.06x | $-1.87 Million |
| 2021 | -17.69% | 0.00% | 0.00x | 1.02x | $-2.21 Million |
| 2022 | -269.37% | 0.00% | 0.00x | 1.17x | $-6.18 Million |
| 2023 | -105.98% | 0.00% | 0.00x | 1.05x | $-4.11 Million |
| 2024 | -170.24% | 0.00% | 0.00x | 1.11x | $-6.67 Million |
| 2025 | -279.66% | 0.00% | 0.00x | 1.40x | $-4.20 Million |
Industry Comparison
This section compares Greenland Resources Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenland Resources Inc (GRLRF) | $11.75 Million | 0.00% | 0.05x | $52.18 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |