Galileo Resources Balance Sheet Health
Financial Health criteria checks 4/6
Galileo Resources has a total shareholder equity of £11.8M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £11.9M and £109.7K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | n/a |
Cash | UK£139.86k |
Equity | UK£11.78m |
Total liabilities | UK£109.74k |
Total assets | UK£11.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLR's short term assets (£440.2K) exceed its short term liabilities (£109.7K).
Long Term Liabilities: GLR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GLR is debt free.
Reducing Debt: GLR 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: GLR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GLR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28% each year