Galileo Resources Balance Sheet Health
Financial Health criteria checks 4/6
Galileo Resources has a total shareholder equity of £11.4M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £13.9M and £2.4M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£52.16k |
| Equity | UK£11.43m |
| Total liabilities | UK£2.44m |
| Total assets | UK£13.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2GA's short term assets (£2.5M) exceed its short term liabilities (£2.4M).
Long Term Liabilities: 2GA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2GA is debt free.
Reducing Debt: 2GA has no debt compared to 5 years ago when its debt to equity ratio was 0.07%.
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: 2GA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2GA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.1% each year