Galantas Gold Balance Sheet Health
Financial Health criteria checks 0/6
Galantas Gold has a total shareholder equity of CA$11.4M and total debt of CA$8.0M, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are CA$32.6M and CA$21.2M respectively.
Key information
70.8%
Debt to equity ratio
CA$8.04m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.59m |
Equity | CA$11.36m |
Total liabilities | CA$21.23m |
Total assets | CA$32.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GALK.F's short term assets (CA$4.2M) do not cover its short term liabilities (CA$16.8M).
Long Term Liabilities: GALK.F's short term assets (CA$4.2M) do not cover its long term liabilities (CA$4.4M).
Debt to Equity History and Analysis
Debt Level: GALK.F's net debt to equity ratio (48%) is considered high.
Reducing Debt: GALK.F's debt to equity ratio has increased from 29.3% to 70.8% 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: GALK.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GALK.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.1% each year