Galore Resources Inc.

OTCPK:GALO.F Stock Report

Market Cap: US$1.3m

Galore Resources Balance Sheet Health

Financial Health criteria checks 3/6

Galore Resources has a total shareholder equity of CA$2.1M and total debt of CA$144.9K, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CA$11.5M and CA$9.4M respectively.

Key information

6.9%

Debt to equity ratio

CA$144.93k

Debt

Interest coverage ration/a
CashCA$7.11k
EquityCA$2.10m
Total liabilitiesCA$9.43m
Total assetsCA$11.53m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GALO.F's short term assets (CA$22.6K) do not cover its short term liabilities (CA$9.4M).

Long Term Liabilities: GALO.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GALO.F's net debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: GALO.F's debt to equity ratio has reduced from 11% to 6.9% 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: GALO.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GALO.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.5% each year.


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