Giga Metals Balance Sheet Health
Financial Health criteria checks 6/6
Giga Metals has a total shareholder equity of CA$22.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$23.8M and CA$1.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.44m |
| Equity | CA$22.67m |
| Total liabilities | CA$1.10m |
| Total assets | CA$23.78m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: GIGA's short term assets (CA$2.7M) exceed its short term liabilities (CA$559.1K).
Long Term Liabilities: GIGA's short term assets (CA$2.7M) exceed its long term liabilities (CA$544.0K).
Debt to Equity History and Analysis
Debt Level: GIGA is debt free.
Reducing Debt: GIGA 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: GIGA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GIGA has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 18.4% each year.