Galiano Gold Inc. key statistics and ratios

In fiscal 2025, Galiano Gold Inc. had return on equity of -12.7%, an operating margin of 8.2%, debt equal to 0.0% of equity and a current ratio of 0.92. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Galiano Gold Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	23.5%	24.4%	20.3%	—	23.7%	14.7%
Operating margin	7.1%	18.7%	12.2%	—	8.9%	8.2%
Net margin	−7.1%	2.3%	−87.3%	—	2.6%	−6.5%
Free-cash-flow margin	−41.8%	−0.2%	−12.7%	—	−4.8%	9.6%
Return on equity	−3.2%	1.4%	−38.2%	10.2%	2.8%	−12.7%
Return on assets	−2.0%	0.8%	−27.7%	9.9%	1.7%	−5.3%
Asset turnover	0.28	0.37	0.32	—	0.65	0.81
Current ratio	2.53	1.11	3.77	4.76	1.49	0.92
Debt to equity	37.2%	36.1%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	1.0x	2.8x	2.0x	—	4.0x	5.8x
Effective tax rate	—	79.2%	—	0.0%	0.0%	—
Capital spending as % of revenue	71.5%	48.3%	33.3%	—	28.9%	25.7%
Free cash flow ÷ net income	—	−10.0%	—	−14.1%	−182.3%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · December 31, 2025

What it owns · $599m

Short-term assets $202mLonger-term assets $397m

What it owes, and who funded it · $596m

Short-term liabilities $221mLonger-term liabilities $157mShareholders' equity $219m

Short-term assets cover short-term liabilities $202m of assets due within a year against $221m of liabilities due within a year.
Short-term assets cover long-term liabilities $202m short-term assets against $157m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $37m against $6m of interest.

From Galiano Gold Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Galiano Gold Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Galiano Gold Inc.