Galore Resources Balance Sheet Health
Financial Health criteria checks 2/6
Galore Resources has a total shareholder equity of CA$2.4M and total debt of CA$900.0K, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CA$10.6M and CA$8.2M respectively.
Key information
37.6%
Debt to equity ratio
CA$900.04k
Debt
Interest coverage ratio | n/a |
Cash | CA$741.00 |
Equity | CA$2.39m |
Total liabilities | CA$8.21m |
Total assets | CA$10.60m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GALO.F's short term assets (CA$4.0K) do not cover its short term liabilities (CA$8.2M).
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 (37.6%) is considered satisfactory.
Reducing Debt: GALO.F's debt to equity ratio has increased from 6.4% to 37.6% 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 4.1% each year.