In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

Galileo Mining Ltd Balance Sheet Statement - Assets

As of 30 Jun 2026, The total current assets of Galileo Mining Ltd (ASX:GAL) was around $7,594,675 which consisted of $7,476,298 of Cash, no Inventory and $82,746 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.

All amounts in AUD

Cash
$7,476,298
Current assets
$7,594,675
Total assets
$43,531,946

The latest balance sheet of Galileo Mining Ltd also showed $35,913,353 of Property Plant Equipment and no Good will. Also there were no Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $43,531,946.

Galileo Mining Ltd Balance Sheet Statement - Liabilities

GAL's latest annual results shows the balance sheet has $92,046 of Accounts Payable. Also there were $67,605 of Short/Long term debt, no Long term debt, no Other Current liabilities and $416,209 of Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.

Account payable
$92,046
Current liabilities
$416,209
Total liabilities
$432,448

As per the 30 Jun 2026's annual report of Galileo Mining Ltd, the total liabilities were $432,448.

GAL Balance Sheet Statement - Stock Holder Equity

Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.

The latest Balance sheet of Galileo Mining Ltd showed the total stock holder equity was $43,099,498 which consisted of $48,218,600 of Common stocks, $-5,845,516 of Retained earnings and no Other stock holder equity.

GAL Balance Sheet Statement History

Following table shows the history of balance sheet for Galileo Mining Ltd (GAL).

30 Jun 2026 30 Jun 2024 30 Jun 2023 30 Jun 2022
Cash 7,476,298 13,617,755 14,456,650 13,412,416
Net Receivables 82,746 40,625 339,561 99,809
Inventory - - - -
Total Current Assets 7,594,675 13,724,004 14,838,409 13,542,410
Property Plant Equipment 35,913,353 34,520,065 29,529,529 17,571,742
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 43,531,946 48,267,987 44,714,009 31,140,288
Accounts Payable 92,046 212,003 1,083,533 411,847
Short/Long Term Debt 67,605 - 55,049 111,756
Other Current Liabilities - 112,540 119,306 85,804
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 416,209 787,440 1,367,938 691,139
Total Liabilities 432,448 871,220 1,437,438 838,352
Common Stock 48,218,600 48,218,600 48,218,600 28,864,590
Retained Earnings -5,845,516 -2,611,784 -6,299,322 -5,451,387
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 43,099,498 47,396,767 43,276,571 24,349,620
Net Tangible Assets 43,099,498 47,396,767 43,276,571 24,349,620

Galileo Mining Ltd (ASX:GAL) Balance Sheet Statement FAQ

1. How much Cash Galileo Mining Ltd has on their balance sheet?

As of 30 Jun 2026, Galileo Mining Ltd (ASX:GAL) has $7,476,298 of Cash.

2. What's the long term debt of Galileo Mining Ltd?

As per the latest Balance sheet of Galileo Mining Ltd (ASX:GAL), it has no Long term debt.

3. How much share holder equity does Galileo Mining Ltd has?

The Galileo Mining Ltd (ASX:GAL)'s balance sheet shows that it has $43,099,498 of Total stock holder equity.