GLG Life Tech Corporation

OTCPK:GLGL.F Stock Report

Market Cap: US$430.0k

GLG Life Tech Balance Sheet Health

Financial Health criteria checks 0/6

GLG Life Tech has a total shareholder equity of CA$-183.8M and total debt of CA$80.9M, which brings its debt-to-equity ratio to -44%. Its total assets and total liabilities are CA$9.6M and CA$193.5M respectively. GLG Life Tech's EBIT is CA$1.9M making its interest coverage ratio 0.2. It has cash and short-term investments of CA$353.9K.

Key information

-44.0%

Debt to equity ratio

CA$80.93m

Debt

Interest coverage ratio0.2x
CashCA$353.88k
Equity-CA$183.85m
Total liabilitiesCA$193.48m
Total assetsCA$9.63m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GLGL.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GLGL.F 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: GLGL.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GLGL.F'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: GLGL.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GLGL.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.7% each year.


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