Giga Metals Balance Sheet Health
Financial Health criteria checks 6/6
Giga Metals has a total shareholder equity of CA$21.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$22.3M and CA$840.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$455.09k |
| Equity | CA$21.50m |
| Total liabilities | CA$840.48k |
| Total assets | CA$22.34m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: GIGA's short term assets (CA$638.6K) exceed its short term liabilities (CA$250.5K).
Long Term Liabilities: GIGA's short term assets (CA$638.6K) exceed its long term liabilities (CA$590.0K).
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 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GIGA is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.