Galecto Balance Sheet Health
Financial Health criteria checks 4/6
Galecto has a total shareholder equity of $20.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $23.4M and $2.4M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$19.68m |
| Equity | US$20.94m |
| Total liabilities | US$2.44m |
| Total assets | US$23.38m |
Recent financial health updates
Is Galecto (NASDAQ:GLTO) In A Good Position To Invest In Growth?
Jan 10
Here's Why Galecto (NASDAQ:GLTO) Must Use Its Cash Wisely
May 17Will Galecto (NASDAQ:GLTO) Spend Its Cash Wisely?
Feb 01Here's Why We're Watching Galecto's (NASDAQ:GLTO) Cash Burn Situation
Oct 19Recent updates
Is Galecto (NASDAQ:GLTO) In A Good Position To Invest In Growth?
Jan 10Here's Why Galecto (NASDAQ:GLTO) Must Use Its Cash Wisely
May 17Will Galecto (NASDAQ:GLTO) Spend Its Cash Wisely?
Feb 01Galecto’s GB1211 to be studied for phase 2 trial in combination with pembrolizumab to treat cancer
Oct 19Here's Why We're Watching Galecto's (NASDAQ:GLTO) Cash Burn Situation
Oct 19Galecto GAAP EPS of -$0.67 beats by $0.02
Jul 29We're Keeping An Eye On Galecto's (NASDAQ:GLTO) Cash Burn Rate
Jun 30Is Galecto (NASDAQ:GLTO) In A Good Position To Deliver On Growth Plans?
Mar 10Galecto: Selling At Cash Value
Dec 19We're Keeping An Eye On Galecto's (NASDAQ:GLTO) Cash Burn Rate
Nov 18Here's Why We're Watching Galecto's (NASDAQ:GLTO) Cash Burn Situation
Jul 07Galecto EPS misses by $0.07
May 04We Think Galecto (NASDAQ:GLTO) Can Afford To Drive Business Growth
Mar 23Do Institutions Own Galecto, Inc. (NASDAQ:GLTO) Shares?
Jan 29
Galecto EPS misses by $41.65
Dec 11Financial Position Analysis
Short Term Liabilities: GLTO's short term assets ($21.2M) exceed its short term liabilities ($2.4M).
Long Term Liabilities: GLTO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GLTO is debt free.
Reducing Debt: GLTO has no debt compared to 5 years ago when its debt to equity ratio was 0.5%.
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: GLTO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GLTO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.1% each year