Forensic Analysis · Healthcare / Pharmaceuticals / Biotech · as of Aug 24, 2026

Greenland Mines Ltd (GRML)

A forensic read on Greenland Mines Ltd built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Grey Zone

Financial health

5.3

Distress distance

Clean

Earnings quality

Forensic signals

-0.7

P / E (ttm)

-111.5%

ROE

$1.4B

Market cap

0.00%

Dividend yield

0.0%

Revenue growth

The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Greenland Mines Ltd earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 5.3, placing it in the Grey zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).

What the filings flag

+68.4%

FY2024→FY2025

Accruals ratio (% of NOA). Net operating assets grew +68.4% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by payables paid down 30% on the year. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 274% of net operating assets, against an accruals ratio of 68.4%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.

n/m (stock split)

FY2023–FY2025

Share count (stock split). Diluted share count changed +220% over the last 2 years to FY2025, but that includes a large one-time change around FY2025 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +79.0%/yr figure isn't a real buyback/dilution read here.

$10,000

FY2024–FY2024

Goodwill impairments. Took $10,000 of goodwill writedowns across 1 year (FY2024 ($10,000)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Return on Equity-111.5%

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Data from SEC EDGAR public filings · metrics as of Aug 24, 2026. Forensic signals flag probability, not certainty.