First Phosphate Balance Sheet Health
Financial Health criteria checks 4/6
First Phosphate has a total shareholder equity of CA$6.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.9M and CA$942.0K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.65m |
| Equity | CA$5.95m |
| Total liabilities | CA$941.98k |
| Total assets | CA$6.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRSP.F's short term assets (CA$2.6M) exceed its short term liabilities (CA$942.0K).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FRSP.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 48.1% each year