Galore Resources Balance Sheet Health
Financial Health criteria checks 3/6
Galore Resources has a total shareholder equity of CA$2.1M and total debt of CA$144.9K, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CA$11.5M and CA$9.4M respectively.
Key information
6.9%
Debt to equity ratio
CA$144.93k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.11k |
| Equity | CA$2.10m |
| Total liabilities | CA$9.43m |
| Total assets | CA$11.53m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRI's short term assets (CA$22.6K) do not cover its short term liabilities (CA$9.4M).
Long Term Liabilities: GRI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GRI's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: GRI's debt to equity ratio has reduced from 11% to 6.9% 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: GRI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GRI has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.5% each year.