First Phosphate Balance Sheet Health

Financial Health criteria checks 6/6

First Phosphate has a total shareholder equity of CA$6.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.6M and CA$352.9K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$410.44k
Equity	CA$6.24m
Total liabilities	CA$352.88k
Total assets	CA$6.59m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: KD0's short term assets (CA$2.4M) exceed its short term liabilities (CA$352.9K).

Long Term Liabilities: KD0 has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: KD0 is debt free.

Reducing Debt: KD0 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: KD0 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: KD0 is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.

First Phosphate Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

First Phosphate Corp. announced delayed 20-F filing

First Phosphate Corp. announced delayed 20-F filing

Recent updates

Less than half of directors are independent

First Phosphate Corp. Announces Board Changes

First Phosphate Corp., Annual General Meeting, Aug 23, 2024

First Phosphate Corp. announced delayed 20-F filing

First Phosphate Corp. announced delayed 20-F filing

New major risk - Market cap size

First Phosphate Announces Launch of 25,000m Drill Campaign At Its Bégin-Lamarche Project

First Phosphate Corp. Confirms Two Additional New High-Grade Discoveries At Begin-Lamarche Property and Up to 39.45% P2o5 At Larouche Saguenay, Quebec

Less than half of directors are independent

First Phosphate Corp. announced that it has received CAD 9.208475 million in funding

First Phosphate Corp. announced that it has received CAD 9.208475 million in funding

First Phosphate Corp. announced that it expects to receive CAD 2 million in funding

New major risk - Market cap size

First Phosphate Corp., Annual General Meeting, Aug 25, 2023

First Phosphate Corp. Announces the Appointment of Armand Mackenzie to the Advisory Board of the Company

Members of management team and Board of Directors of First Phosphate Corp. completed the acquisition of 5.23% stake in First Phosphate Corp. (CNSX:PHOS) from Glen Eagle Resources Inc. (TSXV:GER).

First Phosphate Corp. Commissions Solventless, Environmentally Friendly Phosphate Concentration Pilot Plant

First Phosphate Corp. Appoints Isobel Sheldon to Advisory Board

First Phosphate Corp. Appoints Garry Siskos, CPA, CA as Chief Operating Officer

Less than half of directors are independent

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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