First Phosphate Balance Sheet Health
Financial Health criteria checks 6/6
First Phosphate has a total shareholder equity of CA$4.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.2M and CA$671.3K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$921.09k |
Equity | CA$4.49m |
Total liabilities | CA$671.30k |
Total assets | CA$5.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHOS's short term assets (CA$1.4M) exceed its short term liabilities (CA$671.3K).
Long Term Liabilities: PHOS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PHOS is debt free.
Reducing Debt: PHOS had no debt 5 years ago.
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: PHOS has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PHOS is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.