Giga Metals Balance Sheet Health
Financial Health criteria checks 4/6
Giga Metals has a total shareholder equity of CA$22.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$23.0M and CA$814.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$891.63k |
| Equity | CA$22.21m |
| Total liabilities | CA$814.21k |
| Total assets | CA$23.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GIGG.F's short term assets (CA$1.1M) exceed its short term liabilities (CA$224.2K).
Long Term Liabilities: GIGG.F's short term assets (CA$1.1M) exceed its long term liabilities (CA$590.0K).
Debt to Equity History and Analysis
Debt Level: GIGG.F is debt free.
Reducing Debt: GIGG.F had no debt 5 years ago.
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: GIGG.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GIGG.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.6% each year