Greenland Technologies Holding (GTEC) Balance Sheet: Assets & Liabilities

Greenland Technologies Holding (GTEC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Greenland Technologies Holding reported total assets of $115.77M and total liabilities of $49.45M. Shareholders' equity was $66.32M, up 10.2% from $60.21M a year earlier. Total debt stood at $12.76M against $35.20M in cash and short-term investments, a net cash position of $22.44M. That puts debt-to-equity at 0.19, compared with 0.35 a year earlier.

Greenland Technologies Holding Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Greenland Technologies Holding Corporation (GTEC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Nov 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	7.78	6.66	22.98	16.30	11.06	7.16	2.12	5.56	1.31
Short-Term Investments	27.42	18.54	2.82	7.80	2.11	0.00	0.00	0.00	10.58
Cash & Short-Term Investments	35.20	25.19	25.80	24.10	13.17	7.16	2.12	5.56	11.89
Accounts Receivable	33.07	38.77	43.84	73.30	93.15	81.75	64.17	26.52	24.94
Inventory	24.46	23.38	24.89	23.51	26.24	15.38	9.97	12.40	8.98
Other Current Assets	2.62	5.31	5.26	5.41	7.19	3.36	3.97	3.76	4.11
Total Current Assets	95.27	92.65	99.79	125.91	139.31	107.64	80.24	48.25	49.92
Non-Current Assets
Property, Plant & Equipment (Net)	11.89	14.76	15.82	18.21	19.04	20.14	20.63	22.06	18.77
Long-Term Investments	4.42	4.13	9.92	0.25	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	3.39	3.36	3.64	3.79	4.04	4.04	3.87	3.89	4.06
Other Non-Current Assets	5.22	0.25	1.05	6.96	0.19	0.00	1.23	0.00	35.70
Total Non-Current Assets	20.51	22.93	30.69	29.21	23.26	24.34	26.24	63.17	58.53
Total Assets	115.77	115.58	130.48	155.12	162.57	131.98	106.48	111.41	108.46
Current Liabilities
Accounts Payable	30.88	23.10	25.27	26.51	32.68	22.01	14.71	14.97	34.19
Short-Term Debt	12.76	20.18	40.24	37.26	50.85	52.97	38.44	23.27	17.62
Accrued Liabilities	1.62	1.83	0.76	0.19	0.11	1.69	-	-	-
Deferred Revenue	0.09	0.33	0.14	0.23	0.39	0.37	0.13	0.07	0.00
Other Current Liabilities	2.94	12.72	6.11	1.55	1.20	2.26	2.25	24.83	12.05
Total Current Liabilities	48.30	57.54	72.52	66.21	85.46	78.81	55.99	63.22	63.85
Non-Current Liabilities
Long-Term Debt	0.00	1.17	1.68	2.18	0.05	0.17	2.70	6.56	7.65
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	-2.34	0.00	0.00	0.00
Other Non-Current Liabilities	1.15	2.34	4.08	7.30	2.21	2.34	-1.35	1.99	1.87
Total Non-Current Liabilities	1.15	4.77	7.30	9.47	2.26	2.51	3.53	8.55	9.52
Total Liabilities	49.45	62.31	79.82	75.68	87.72	81.32	59.52	71.78	73.38
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	41.38	32.60	18.54	38.26	37.51	26.73	19.86	19.27	13.31
Accumulated Other Comprehensive Income	-1.45	0.14	1.26	-2.83	1.01	4.45	3.51	3.51	1.57
Additional Paid-in Capital	33.02	27.47	30.29	30.29	23.76	13.71	15.23	12.30	12.30
Minority Interest	-6.62	-6.94	0.57	13.72	12.56	5.77	8.37	7.90	7.90
Shares Outstanding	17.39	13.59	13.59	12.98	11.33	-	-	-	-
Total Stockholders' Equity	66.32	60.21	50.08	79.43	74.84	44.89	38.60	31.74	27.18
Total Liabilities & Equity	115.77	115.58	130.48	155.12	162.57	131.98	106.48	111.41	108.46

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Greenland Technologies Holding Balance Sheet

How much debt does Greenland Technologies Holding have?

Greenland Technologies Holding had total debt of $12.76M as of Dec 31, 2025, against $35.20M in cash and short-term investments. Its debt-to-equity ratio was 0.19. Total debt was $21.35M a year earlier.

What are Greenland Technologies Holding's total assets?

Greenland Technologies Holding reported total assets of $115.77M as of Dec 31, 2025, up 0.2% from $115.58M a year earlier. Total liabilities were $49.45M.

What is Greenland Technologies Holding's shareholders' equity?

Greenland Technologies Holding's shareholders' equity was $66.32M as of Dec 31, 2025, or about $3.81 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition