GRAN maintains a defensive liquidity position with a current ratio of 4.69 as of 2026Q2, though this reflects a contraction in total assets to $1.6M rather than operational growth.
| Total Current Assets | 1.52M | 3.5M | 3.45M | 2.51M |
| Cash & Short-Term Investments | - | - | - | - |
| Cash Only | - | - | - | - |
| Short-Term Investments | - | - | - | - |
| Accounts Receivable | - | - | - | - |
| Days Sales Outstanding | - | - | - | - |
| Inventory | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 8.72K | 0 | 0 | 0 |
| Total Non-Current Assets | 31.59K | 1.18M | 652.71K | 78.21K |
| Property, Plant & Equipment | 31.58K | 296.27K | 327.42K | 35.42K |
| Fixed Asset Turnover | 32.77x | 14.64x | 13.83x | 109.28x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 32 | 16 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - |
| Total Assets | 1.56M | 4.68M | 4.1M | 2.59M |
| Asset Turnover | 2.10x | 0.93x | 1.10x | 1.49x |
| Asset Growth % | -43.82% | 14.13% | 58.39% | - |
| Total Current Liabilities | 324.79K | 2.57M | 2.68M | 3.13M |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - |
| Short-Term Debt | 14.2K | 20.66K | 19.36K | 1.86M |
| Deferred Revenue (Current) | 0 | - | - | - |
| Other Current Liabilities | 243.88K | -20.66K | -19.36K | -1.86M |
| Current Ratio | 4.69x | 1.36x | 1.28x | 0.80x |
| Quick Ratio | 4.69x | 1.36x | 1.28x | 0.80x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 2.27K | 0 | 160.71K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - |
| Other Non-Current Liabilities | - | - | - | - |
| Total Liabilities | 327.05K | 2.57M | 2.85M | 3.13M |
| Total Debt | 16.46K | 160.71K | 312.27K | 1.86M |
| Net Debt | -1.46M | -1.91M | -2.46M | -1.94M |
| Debt / Equity | 0.01x | 0.08x | 0.25x | - |
| Debt / EBITDA | 0.00x | 0.08x | 0.14x | 1.12x |
| Net Debt / EBITDA | -0.35x | -0.91x | -1.06x | -1.18x |
| Interest Coverage | - | - | - | - |
| Total Equity | 1.23M | 2.11M | 1.26M | -541.17K |
| Equity Growth % | 99.69% | 67.62% | 332.26% | - |
| Book Value per Share | 0.05 | 0.21 | 0.13 | -0.05 |
| Total Shareholders' Equity | 1.19M | 2.11M | 1.26M | -541.17K |
| Common Stock | 32 | 228 | 100 | 100 |
| Retained Earnings | 83.4K | 2.11M | 1.26M | -541.27K |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -128 | 0 | 0 |
| Minority Interest | 37.36K | 6 | 0 | 0 |
Regulatory pipeline dependency
As reported in financial statements, GRAN's total assets plummeted from $4.7M in 2025Q4 to $1.6M by 2026Q2, signaling a rapid contraction in the firm's operational scale as the pipeline of active IPO mandates appears to have significantly diminished during this period.
The sharp decline in total assets suggests that the firm is struggling to replenish its balance sheet with new advisory mandates, which are the primary drivers of its asset base. This trend warrants further investigation into whether the firm is losing market share or if the broader Hong Kong IPO environment has become fundamentally inhospitable to its boutique model.
Based on the provided balance sheet data, the current ratio improved to 4.69 in 2026Q2 from 1.36 in 2025Q4, primarily due to a reduction in liabilities rather than an expansion of liquid assets, suggesting a defensive posture in response to declining business activity.
While the high current ratio indicates a strong short-term safety net, it may also imply that capital is sitting idle rather than being deployed into revenue-generating advisory projects. Investors should monitor whether this liquidity is being preserved for regulatory capital requirements or if it reflects a lack of viable investment opportunities in the current market.
According to recent filings, GRAN maintains a negligible debt-to-equity ratio of 0.01 as of 2026Q2, down from 0.08 in 2025Q4, which demonstrates a highly conservative capital structure that avoids the risks associated with debt-funded operations during periods of revenue instability.
The firm's decision to deleverage suggests that management is prioritizing balance sheet purity to navigate the current downturn. This lack of debt provides a significant buffer against insolvency, though it also highlights the firm's reliance on equity and retained earnings to fund its fixed-cost base.
As indicated by the financial data, equity has contracted from $2.1M in 2025Q4 to $1.2M in 2026Q2, reflecting the impact of recent net losses on the firm's retained earnings and overall book value.
The erosion of equity suggests that the firm's current business model is not generating sufficient returns to cover its fixed overhead, leading to a steady depletion of shareholder value. If this trend continues, the firm may face challenges in maintaining the regulatory capital buffers required to operate as an SFC-licensed sponsor.
Quick answers to the most common questions about buying GRAN stock.
As of 2025, Grande Group Limited Class A Ordinary Shares (GRAN) had total assets of $4.7M including $3.5M in current assets.
Grande Group Limited Class A Ordinary Shares (GRAN) carries total debt of $0.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Grande Group Limited Class A Ordinary Shares (GRAN) has total shareholders' equity (book value) of $2.1M ($0.21 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Grande Group Limited Class A Ordinary Shares (GRAN) reported a current ratio of 1.36x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.