Foremost Clean Energy Ltd.

NasdaqCM:FMST Stock Report

Market Cap: US$10.8m

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 ration/a
CashCA$167.31k
EquityCA$12.36m
Total liabilitiesCA$4.24m
Total assetsCA$16.60m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FMST's short term assets (CA$521.3K) do not cover its short term liabilities (CA$3.8M).

Long Term Liabilities: FMST's short term assets (CA$521.3K) exceed its long term liabilities (CA$428.7K).


Debt to Equity History and Analysis

Debt Level: FMST's net debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: FMST'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: FMST has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

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


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