Foremost Clean Energy Balance Sheet Health
Financial Health criteria checks 4/6
Foremost Clean Energy has a total shareholder equity of CA$13.7M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are CA$17.1M and CA$3.4M respectively.
Key information
8.3%
Debt to equity ratio
CA$1.14m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$515.82k |
| Equity | CA$13.72m |
| Total liabilities | CA$3.41m |
| Total assets | CA$17.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMST's short term assets (CA$1.3M) do not cover its short term liabilities (CA$2.9M).
Long Term Liabilities: FMST's short term assets (CA$1.3M) exceed its long term liabilities (CA$481.5K).
Debt to Equity History and Analysis
Debt Level: FMST's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: FMST's debt to equity ratio has increased from 1% to 8.3% 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 1 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 1 months based on free cash flow estimates, but has since raised additional capital.