Galantas Gold Balance Sheet Health
Financial Health criteria checks 0/6
Galantas Gold has a total shareholder equity of CA$9.8M and total debt of CA$7.0M, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are CA$33.3M and CA$23.5M respectively.
Key information
71.4%
Debt to equity ratio
CA$7.03m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$383.01k |
| Equity | CA$9.84m |
| Total liabilities | CA$23.50m |
| Total assets | CA$33.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GAL's short term assets (CA$1.7M) do not cover its short term liabilities (CA$15.8M).
Long Term Liabilities: GAL's short term assets (CA$1.7M) do not cover its long term liabilities (CA$7.7M).
Debt to Equity History and Analysis
Debt Level: GAL's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: GAL's debt to equity ratio has increased from 30.8% to 71.4% 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: GAL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GAL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.9% each year