Where is Grifols SA ADR headquartered?

The company was founded in 1940 and is headquartered in Barcelona, Spain. View today's Grifols SA ADR stock price and latest GRFS news and analysis. Create real-time notifications to follow any changes in the live stock price.

What does Grifols do?

Grifols, S.A. is a Spanish multinational pharmaceutical and chemical manufacturer. Principally a producer of blood plasma-based products, a field in which it is the European leader and largest worldwide, the company also supplies devices, instruments, and reagents for clinical testing laboratories.

What is a Level I American Depository Receipt (ADR)?

Grifols launched a Level I American Depository Receipt (ADR) Program in the US in May 2009. An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. Grifols' Level I ADRs are quoted and traded in US dollars in OTC markets. Two ADRs represent one common Class A share of Grifols and has the same voting rights.

Is Grifols manipulating its debt ratios?

Gotham City Research released a report on Jan. 9 accusing Grifols of manipulating its debt ratios with its accounting treatment for noncontrolling interests and related party transactions, lowering reported debt to EBITDA to 6 times, from closer to 10-13 times according to Gotham City.