Galileo Mining Balance Sheet Health
Financial Health criteria checks 6/6
Galileo Mining has a total shareholder equity of A$42.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$43.2M and A$415.8K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$10.41m |
Equity | AU$42.79m |
Total liabilities | AU$415.82k |
Total assets | AU$43.20m |
Recent financial health updates
Will Galileo Mining (ASX:GAL) Spend Its Cash Wisely?
Aug 09Here's Why We're Watching Galileo Mining's (ASX:GAL) Cash Burn Situation
Apr 08We Think Galileo Mining (ASX:GAL) Needs To Drive Business Growth Carefully
Dec 13Here's Why We're Not Too Worried About Galileo Mining's (ASX:GAL) Cash Burn Situation
Aug 11Galileo Mining (ASX:GAL) Is In A Good Position To Deliver On Growth Plans
Jan 27Here's Why We're Not Too Worried About Galileo Mining's (ASX:GAL) Cash Burn Situation
Aug 18Recent updates
Will Galileo Mining (ASX:GAL) Spend Its Cash Wisely?
Aug 09Here's Why We're Watching Galileo Mining's (ASX:GAL) Cash Burn Situation
Apr 08We Think Galileo Mining (ASX:GAL) Needs To Drive Business Growth Carefully
Dec 13Here's Why We're Not Too Worried About Galileo Mining's (ASX:GAL) Cash Burn Situation
Aug 11Galileo Mining (ASX:GAL) Is In A Good Position To Deliver On Growth Plans
Jan 27Here's Why We're Not Too Worried About Galileo Mining's (ASX:GAL) Cash Burn Situation
Aug 18We're Not Very Worried About Galileo Mining's (ASX:GAL) Cash Burn Rate
May 01We're Hopeful That Galileo Mining (ASX:GAL) Will Use Its Cash Wisely
Jan 09Financial Position Analysis
Short Term Liabilities: GAL's short term assets (A$10.6M) exceed its short term liabilities (A$339.5K).
Long Term Liabilities: GAL's short term assets (A$10.6M) exceed its long term liabilities (A$76.3K).
Debt to Equity History and Analysis
Debt Level: GAL is debt free.
Reducing Debt: GAL had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GAL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GAL has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 24.2% each year.