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Financial statements

Giga Metals Corp financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Giga Metals Corp files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020
Selling, general and administrative0.080.120.290.280.17
Net income-0.22-0.681.15-1.66-2.02
EPS, basic-0.01-0.030.03-0.03
EPS, diluted-0.01-0.030.02-0.03

Balance sheet

FY2017FY2017FY2018FY2019FY2020
Cash and equivalents0.094.070.411.643.76
Receivables0.010.031.091.070.1
Total current assets0.14.464.472.783.95
Property, plant and equipment0.010.010.070.340.24
Total assets0.34.667.117.7410.2
Accounts payable0.010.140.310.380.13
Total current liabilities0.310.460.22
Lease liabilities00.220.13
Total liabilities0.010.140.310.880.66
Retained earnings-54.8-55.5-54.3-56-58
Total equity0.294.516.86.869.58
Total liabilities and equity0.34.667.117.7410.2

Cash flow statement

FY2017FY2017FY2018FY2019FY2020
Net income-0.22-0.681.15-1.66-2.02
Cash from operations-0.14-0.51-1.34-1.39-1.27
Capital expenditures0-0-0.07-0
Cash from investing-0.03-0.05-2.951.47-0.69
Stock issued0.254.80.671.214.12
Cash from financing0.254.550.631.164.08
Net change in cash0.073.98-3.661.232.12
Free cash flow-0.14-0.51-1.42-1.39

Key metrics

Worked out from the statements above. Latest values use fiscal 2020. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-22.5%Net income / average total assets.

Growth

MetricValueHow it is calculated
Total assets growth, 1y32.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y30.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio18.1xCurrent assets / current liabilities.
Quick ratio17.7x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio17.2x(Cash + short-term investments) / current liabilities.
Liabilities / assets6.5%Total liabilities / total assets.
Working capitalCA$3.7MCurrent assets - current liabilities.
Was Giga Metals Corp profitable in fiscal 2020?

No. It reported a net loss of CA$2.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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