Goldrich Mng Co Financials

GRMC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

This page shows Goldrich Mng Co (GRMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GRMC FY2022 2026-04-22

Narrower losses have not changed the core mechanic: this remains a financing-dependent company supported by creditors and fresh capital, not operations.

Across the reported period, operating cash burn dropped from $1.9M to $442K even as total liabilities continued to rise. In the latest year, financing inflow of $442K almost exactly offset the operating outflow of $442K, showing the company was preserved by new funding rather than by cash generated from operations.

Liquidity is extremely tight: cash was only $4K against current liabilities of $11.6M, so routine obligations cannot be covered from on-hand resources. A current ratio of 0.01x alongside negative equity of -$11.2M means the balance sheet offers little asset cushion, so continued operation depends heavily on creditor tolerance or new capital.

The improvement in losses looks driven more by cost compression than by business scale: selling and administrative expense fell to $210K from $353K, trimming the cash needed to keep the company running. Meanwhile, share count rose from 167.9M to 185.4M over the last two annual periods, suggesting part of the cash shortfall has been bridged by issuing more claims on the company rather than by generating cash internally.

Financial Health Signals

Financial Profile 16/100

Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Goldrich Mng Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Goldrich Mng Co carries a low D/E ratio of -1.07, meaning only $-1.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Goldrich Mng Co's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

2/9

Goldrich Mng Co passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.42x

For every $1 of reported earnings, Goldrich Mng Co generates $0.42 in operating cash flow (-$442K OCF vs -$1.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$1.1M

YoY+40.0%

Goldrich Mng Co reported -$1.1M in net income in fiscal year 2022. This represents an increase of 40.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4K

YoY+5.5%

5Y CAGR-61.8%

10Y CAGR-21.5%

Goldrich Mng Co held $4K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

185M

YoY+5.6%

5Y CAGR+6.7%

10Y CAGR+6.9%

Goldrich Mng Co had 185M shares outstanding in fiscal year 2022. This represents an increase of 5.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GRMC Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	N/A	N/A	N/A	N/A	N/A	$219K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$210K-40.3%	$353K+1.8%	$347K+34.4%	$258K-16.6%	$309K+26.1%	$245K
Operating Income	N/A	N/A	N/A	N/A	N/A	$977K
Interest Expense	N/A	N/A	$785K-12.2%	$894K-5.4%	$945K	N/A
Income Tax	N/A	N/A	$0	$0	$0	$0
Net Income	-$1.1M+40.0%	-$1.8M+18.9%	-$2.2M+16.7%	-$2.6M+31.1%	-$3.8M-291.5%	-$965K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$50K+3.5%	$48K-1.3%	$49K	N/A	$48K-7.0%	$52K-1.2%	$52K	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$369K+6.1%	-$393K+6.2%	-$419K	N/A	-$328K+8.1%	-$357K+23.1%	-$465K	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GRMC Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$762K-0.2%	$763K+8.4%	$704K-2.9%	$725K-33.1%	$1.1M-26.7%	$1.5M
Current Assets	$110K-1.0%	$112K+112.9%	$52K-46.4%	$98K-54.1%	$213K-64.6%	$602K
Cash & Equivalents	$4K+5.5%	$4K+94.8%	$2K+51.6%	$1K-98.3%	$77K-84.1%	$486K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$12.0M+8.3%	$11.1M+15.3%	$9.6M+18.6%	$8.1M+36.7%	$5.9M+104.6%	$2.9M
Current Liabilities	$11.6M+8.2%	$10.7M+15.4%	$9.3M+22.1%	$7.6M+39.5%	$5.5M+118.2%	$2.5M
Long-Term Debt	N/A	N/A	N/A	N/A	$448K+16.5%	$384K
Total Equity	-$11.2M-9.0%	-$10.3M-15.8%	-$8.9M-20.7%	-$7.4M-52.4%	-$4.8M-242.0%	-$1.4M
Retained Earnings	-$40.5M-2.7%	-$39.4M-4.7%	-$37.7M-6.1%	-$35.5M-7.9%	-$32.9M-13.0%	-$29.1M

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$689K-1.0%	$696K-4.8%	$731K-4.1%	$762K+9.5%	$696K-3.4%	$721K-3.8%	$749K-1.9%	$763K
Current Assets	$37K-15.5%	$44K-44.5%	$80K-28.0%	$110K+147.2%	$45K-35.4%	$69K-28.9%	$97K-12.8%	$112K
Cash & Equivalents	$26K+1960.0%	$1K-67.8%	$4K-2.6%	$4K+81.4%	$2K-62.8%	$6K+104.1%	$3K-23.4%	$4K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$12.9M+2.6%	$12.5M+1.6%	$12.3M+3.0%	$12.0M-0.2%	$12.0M+2.6%	$11.7M+2.6%	$11.4M+3.1%	$11.1M
Current Liabilities	$12.6M+3.0%	$12.2M+1.6%	$12.0M+3.3%	$11.6M-0.3%	$11.7M+2.4%	$11.4M+2.7%	$11.1M+3.2%	$10.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$12.2M-2.8%	-$11.8M-2.0%	-$11.6M-3.5%	-$11.2M+0.8%	-$11.3M-3.0%	-$11.0M-3.1%	-$10.7M-3.5%	-$10.3M
Retained Earnings	-$41.7M-0.9%	-$41.3M-1.0%	-$40.9M-1.0%	-$40.5M+0.2%	-$40.6M-0.8%	-$40.2M-0.9%	-$39.9M-1.2%	-$39.4M

GRMC Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$442K+45.6%	-$813K+7.5%	-$879K+8.8%	-$964K+48.4%	-$1.9M-95.8%	-$955K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$25K	$0	N/A	N/A
Financing Cash Flow	$442K-45.7%	$814K-10.0%	$905K+1.9%	$888K-39.2%	$1.5M+3.5%	$1.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	-$76K+62.7%	-$203K-1242.7%	-$15K+92.2%	-$193K-117.7%	-$89K-58.4%	-$56K+46.2%	-$104K+59.8%	-$259K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$100K-50.0%	$200K+1234.4%	$15K-92.3%	$195K+129.3%	$85K+44.0%	$59K-42.8%	$103K-60.7%	$262K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GRMC Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	446.7%
Net Margin	N/A	N/A	N/A	N/A	N/A	-441.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-138.5%+92.0pp	-230.5%+77.7pp	-308.2%+50.8pp	-359.1%-10.2pp	-348.9%-283.5pp	-65.3%
Current Ratio	0.010.0	0.010.0	0.010.0	0.01-0.0	0.04-0.2	0.24
Debt-to-Equity	-1.070.0	-1.070.0	-1.08+0.0	-1.10-1.0	-0.09+0.2	-0.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-53.6%+2.9pp	-56.5%+0.8pp	-57.4%	N/A	-47.2%+2.4pp	-49.6%+12.5pp	-62.1%	N/A
Current Ratio	0.000.0	0.000.0	0.010.0	0.010.0	0.000.0	0.010.0	0.010.0	0.01
Debt-to-Equity	-1.060.0	-1.060.0	-1.060.0	-1.070.0	-1.060.0	-1.070.0	-1.070.0	-1.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$11.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Goldrich Mng Co profitable?

No, Goldrich Mng Co (GRMC) reported a net income of -$1.1M in fiscal year 2022.

What is Goldrich Mng Co's operating cash flow?

Goldrich Mng Co (GRMC) generated -$442K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Goldrich Mng Co's total assets?

Goldrich Mng Co (GRMC) had $762K in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Goldrich Mng Co have outstanding?

Goldrich Mng Co (GRMC) had 185M shares outstanding as of fiscal year 2022.

What is Goldrich Mng Co's current ratio?

Goldrich Mng Co (GRMC) had a current ratio of 0.01 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Goldrich Mng Co's debt-to-equity ratio?

Goldrich Mng Co (GRMC) had a debt-to-equity ratio of -1.07 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Goldrich Mng Co's return on assets (ROA)?

Goldrich Mng Co (GRMC) had a return on assets of -138.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Goldrich Mng Co's cash runway?

Based on fiscal year 2022 data, Goldrich Mng Co (GRMC) had $4K in cash against an annual operating cash burn of $442K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Goldrich Mng Co's debt-to-equity ratio negative or unusual?

Goldrich Mng Co (GRMC) has negative shareholder equity of -$11.2M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Goldrich Mng Co's Piotroski F-Score?

Goldrich Mng Co (GRMC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Goldrich Mng Co's earnings high quality?

Goldrich Mng Co (GRMC) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Goldrich Mng Co?

Goldrich Mng Co (GRMC) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.