First Phosphate Corp.

OTCPK:FRSP.F Stock Report

Market Cap: US$9.5m

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

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$410.44k
EquityCA$6.24m
Total liabilitiesCA$352.88k
Total assetsCA$6.59m

Recent financial health updates

Recent updates

Financial Position Analysis

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

Long Term Liabilities: FRSP.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FRSP.F is debt free.

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

Forecast Cash Runway: FRSP.F 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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