Foremost Clean Energy Balance Sheet Health
Financial Health criteria checks 4/6
Foremost Clean Energy has a total shareholder equity of CA$12.4M and total debt of CA$1.2M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CA$16.6M and CA$4.2M respectively.
Key information
9.4%
Debt to equity ratio
CA$1.16m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$167.31k |
| Equity | CA$12.36m |
| Total liabilities | CA$4.24m |
| Total assets | CA$16.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FAT's short term assets (CA$521.3K) do not cover its short term liabilities (CA$3.8M).
Long Term Liabilities: FAT's short term assets (CA$521.3K) exceed its long term liabilities (CA$428.7K).
Debt to Equity History and Analysis
Debt Level: FAT's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: FAT's debt to equity ratio has increased from 0.09% to 9.4% over the past 5 years.
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: FAT has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FAT is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.