Galileo Tech Ltd
Galileo Tech Ltd engages in the development of products for smart cities management and fintech in Israel and internationally. The company provides information and communication technologies, and IoT solutions for the purpose of managing the city's assets, including local information systems, schools, libraries, transportation systems, hospitals, power plants, water supply infrastructure, garbage… Read more
Galileo Tech Ltd (GLTC) - Total Assets
Latest total assets as of December 2023: ILA216.00K ILA
Based on the latest financial reports, Galileo Tech Ltd (GLTC) holds total assets worth ILA216.00K ILA as of December 2023.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Galileo Tech Ltd - Total Assets Trend (2015–2023)
This chart illustrates how Galileo Tech Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Galileo Tech Ltd - Asset Composition Analysis
Current Asset Composition (December 2023)
Galileo Tech Ltd's total assets of ILA216.00K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (ILA) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ILA0.00 | 67.6% |
| Accounts Receivable | ILA0.00 | 0.0% |
| Inventory | ILA0.00 | 0.0% |
| Property, Plant & Equipment | ILA0.00 | 0.0% |
| Intangible Assets | ILA0.00 | 0.0% |
| Goodwill | ILA0.00 | 0.0% |
Asset Composition Trend (2015–2023)
This chart illustrates how Galileo Tech Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Galileo Tech Ltd's current assets represent 100.0% of total assets in 2023, an increase from 34.1% in 2015.
- Cash Position: Cash and equivalents constituted 67.6% of total assets in 2023, up from 1.7% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Galileo Tech Ltd Competitors by Total Assets
Key competitors of Galileo Tech Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
China Tianying Inc
SHE:000035
|
China | CN¥32.41 Billion |
|
HeiLongJiang Kingland Technology Co Ltd
SHE:000711
|
China | CN¥1.22 Billion |
|
BECE Legend Group Co Ltd
SHE:000803
|
China | CN¥5.22 Billion |
|
Tus-Sound Environmental Resources Co Ltd
SHE:000826
|
China | CN¥18.67 Billion |
|
Wangneng Environment Co Ltd
SHE:002034
|
China | CN¥14.26 Billion |
|
Beijing Orient Landscape Co Ltd
SHE:002310
|
China | CN¥3.37 Billion |
|
JAG Bhd
KLSE:0024
|
Malaysia | RM314.48 Million |
|
Qiaoyin Environmental Tech Co Ltd
SHE:002973
|
China | CN¥8.47 Billion |
Galileo Tech Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Galileo Tech Ltd generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Galileo Tech Ltd is currently not profitable relative to its asset base.
Galileo Tech Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.06 | 0.07 | 0.11 |
| Quick Ratio | 0.06 | 0.07 | 0.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ILA-3.50 Million | ILA -2.45 Million | ILA -431.00K |
Galileo Tech Ltd - Advanced Valuation Insights
This section examines the relationship between Galileo Tech Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.46 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -97.2% |
| Total Assets | ILA216.00K |
| Market Capitalization | $1.41K USD |
Valuation Analysis
Below Book Valuation: The market values Galileo Tech Ltd's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Galileo Tech Ltd's assets decreased by 97.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Galileo Tech Ltd (2015–2023)
The table below shows the annual total assets of Galileo Tech Ltd from 2015 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | ILA216.00K | -97.16% |
| 2022-12-31 | ILA7.60 Million | -62.14% |
| 2021-12-31 | ILA20.09 Million | +1729.23% |
| 2020-12-31 | ILA1.10 Million | -17.07% |
| 2019-12-31 | ILA1.32 Million | +2307.27% |
| 2018-12-31 | ILA55.00K | -94.55% |
| 2017-12-31 | ILA1.01 Million | -0.10% |
| 2016-12-31 | ILA1.01 Million | -83.04% |
| 2015-12-31 | ILA5.96 Million | -- |