Galantas Gold Balance Sheet Health
Financial Health criteria checks 0/6
Galantas Gold has a total shareholder equity of CA$9.6M and total debt of CA$18.2M, which brings its debt-to-equity ratio to 189.1%. Its total assets and total liabilities are CA$32.0M and CA$22.4M respectively.
Key information
189.1%
Debt to equity ratio
CA$18.23m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$395.51k |
| Equity | CA$9.64m |
| Total liabilities | CA$22.39m |
| Total assets | CA$32.04m |
Recent financial health updates
Is Galantas Gold (CVE:GAL) Using Too Much Debt?
Sep 26
Is Galantas Gold (CVE:GAL) Weighed On By Its Debt Load?
Jun 13Is Galantas Gold (CVE:GAL) A Risky Investment?
Aug 01Would Galantas Gold (CVE:GAL) Be Better Off With Less Debt?
Dec 03Does Galantas Gold (CVE:GAL) Have A Healthy Balance Sheet?
Dec 29Is Galantas Gold (CVE:GAL) A Risky Investment?
Sep 09Recent updates
Is Galantas Gold (CVE:GAL) Using Too Much Debt?
Sep 26Is Galantas Gold (CVE:GAL) Weighed On By Its Debt Load?
Jun 13Is Galantas Gold (CVE:GAL) A Risky Investment?
Aug 01Would Galantas Gold (CVE:GAL) Be Better Off With Less Debt?
Dec 03Does Galantas Gold (CVE:GAL) Have A Healthy Balance Sheet?
Dec 29Is Galantas Gold (CVE:GAL) A Risky Investment?
Sep 09Does Galantas Gold (CVE:GAL) Have A Healthy Balance Sheet?
Mar 12How Much Did Galantas Gold's (CVE:GAL) CEO Pocket Last Year?
Nov 27
Financial Position Analysis
Short Term Liabilities: GAL's short term assets (CA$2.0M) do not cover its short term liabilities (CA$14.7M).
Long Term Liabilities: GAL's short term assets (CA$2.0M) do not cover its long term liabilities (CA$7.7M).
Debt to Equity History and Analysis
Debt Level: GAL's net debt to equity ratio (185%) is considered high.
Reducing Debt: GAL's debt to equity ratio has increased from 32.6% to 189.1% over the past 5 years.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GAL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.8% each year