Greenland Mines Ltd (GRML) — Tangible Net Worth Ratio
Greenland Mines Ltd (GRML) has a Tangible Net Worth Ratio of 15.9% as of June 2026. This metric is calculated by deducting intangible assets ($48.67 Million) from net assets ($57.90 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Greenland Mines Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Greenland Mines Ltd Tangible Net Worth Ratio (2022–2025)
This chart shows how Greenland Mines Ltd's Tangible Net Worth Ratio has changed across 4 annual periods from 2022 to 2025. As of June 2026, the ratio stands at 15.9%, reflecting net assets of $57.90 Million with intangible assets of $48.67 Million USD. For live market cap and overall valuation, see GRML stock market capitalisation.
Annual Tangible Net Worth Ratio for Greenland Mines Ltd (2022–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Greenland Mines Ltd from 2022 to 2025, covering 4 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. See Greenland Mines Ltd (GRML) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 75.7% | $9.46 Million | $2.30 Million | $9.59 Million | ▲ +169.7 pp |
| 2024 | -94.0% | $1.19 Million | $2.30 Million | $2.46 Million | ▲ +188.4 pp |
| 2023 | -282.4% | $571.72K | $2.19 Million | $2.19 Million | ▼ -382.4 pp |
| 2022 | 100.0% | $113.32 Million | $0.00 | $118.25 Million | — |