Garibaldi Resources Corp.

TSXV:GGI Stock Report

Market Cap: CA$8.9m

Garibaldi Resources Balance Sheet Health

Financial Health criteria checks 2/6

Garibaldi Resources has a total shareholder equity of CA$39.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$44.8M and CA$5.3M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$32.43k
EquityCA$39.51m
Total liabilitiesCA$5.30m
Total assetsCA$44.81m

Recent financial health updates

Recent updates

We're Keeping An Eye On Garibaldi Resources' (CVE:GGI) Cash Burn Rate

Sep 19
We're Keeping An Eye On Garibaldi Resources' (CVE:GGI) Cash Burn Rate

Financial Position Analysis

Short Term Liabilities: GGI's short term assets (CA$61.8K) do not cover its short term liabilities (CA$2.3M).

Long Term Liabilities: GGI's short term assets (CA$61.8K) do not cover its long term liabilities (CA$3.0M).


Debt to Equity History and Analysis

Debt Level: GGI is debt free.

Reducing Debt: GGI 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: GGI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GGI has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.7% each year.


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