GAN Balance Sheet Health
Financial Health criteria checks 2/6
GAN has a total shareholder equity of $-5.8M and total debt of $45.7M, which brings its debt-to-equity ratio to -794.4%. Its total assets and total liabilities are $82.6M and $88.4M respectively.
Key information
-794.4%
Debt to equity ratio
US$45.71m
Debt
| Interest coverage ratio | n/a |
| Cash | US$36.48m |
| Equity | -US$5.75m |
| Total liabilities | US$88.38m |
| Total assets | US$82.63m |
Recent financial health updates
GAN (NASDAQ:GAN) Has Debt But No Earnings; Should You Worry?
Sep 23
Does GAN (NASDAQ:GAN) Have A Healthy Balance Sheet?
Jun 21Is GAN (NASDAQ:GAN) A Risky Investment?
Dec 27Recent updates
GAN (NASDAQ:GAN) Has Debt But No Earnings; Should You Worry?
Sep 23Does GAN (NASDAQ:GAN) Have A Healthy Balance Sheet?
Jun 21Is GAN (NASDAQ:GAN) A Risky Investment?
Dec 27GAN Limited Will Recover But The Market Needs To Change Mood
Oct 07GAN GAAP EPS of -$0.91, revenue of $35M, lowers FY22 revenue guidance
Aug 15GAN repurchases $1M in Q2 under existing program
Jul 08GAN Limited Grows As Seasonal Sweet Spot Beckons
Nov 23Smooth Runway To Unlimited Growth: GAN Limited
Aug 13Need To Know: Analysts Are Much More Bullish On GAN Limited (NASDAQ:GAN)
Jul 10GAN signs multi-year agreement for exclusive U.S. online rights to leading casino portfolio
Jun 17GAN Limited (NASDAQ:GAN) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
May 19Is GAN Limited (NASDAQ:GAN) Trading At A 34% Discount?
May 13What Type Of Shareholders Own The Most Number of GAN Limited (NASDAQ:GAN) Shares?
Mar 12Analysts Just Made A Sizeable Upgrade To Their GAN Limited (NASDAQ:GAN) Forecasts
Feb 05GAN soars after Cuomo indicates interest in using New York lottery for sports betting
Jan 06Financial Position Analysis
Short Term Liabilities: GAN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GAN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GAN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GAN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: GAN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: GAN has sufficient cash runway for 3 years if free cash flow continues to reduce at historical rates of 18.2% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 18:54 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
GAN Limited is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bain | B. Riley Securities, Inc. |
| Ryan Sigdahl | Craig-Hallum Capital Group LLC |
| Brian Devitt | Goodbody Stockbrokers |