Foremost Lithium Resource & Technology Balance Sheet Health
Financial Health criteria checks 4/6
Foremost Lithium Resource & Technology has a total shareholder equity of CA$13.0M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CA$15.1M and CA$2.1M respectively.
Key information
8.7%
Debt to equity ratio
CA$1.14m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.45m |
Equity | CA$13.05m |
Total liabilities | CA$2.09m |
Total assets | CA$15.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FAT's short term assets (CA$1.8M) do not cover its short term liabilities (CA$1.8M).
Long Term Liabilities: FAT's short term assets (CA$1.8M) exceed its long term liabilities (CA$264.9K).
Debt to Equity History and Analysis
Debt Level: FAT has more cash than its total debt.
Reducing Debt: FAT's debt to equity ratio has increased from 0.09% to 8.7% 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 3 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 2 months based on free cash flow estimates, but has since raised additional capital.