Foremost Lithium Resource & Technology Ltd. (FMST) Balance Sheet

NASDAQ: FMSTAssets, liabilities, debt and equity over 8 years.

FMST balance sheet, FY2026

March 31, 2026 · Canadian dollars

C$39.4M assets = C$3.8M liabilities + C$35.6M equity

What it ownsC$39.4MCash & ST investments: C$6.4M (16.1%)Cash & ST investmentsC$6.4M · 16%Receivables: C$526,765 (1.3%)Other current: C$227,369 (0.6%)PP&E: C$30.7M (77.7%)PP&EC$30.7M · 78%LT investments: C$1.3M (3.2%)Other non-current: C$414,633 (1.1%)=How it is financedC$39.4MCurrent liabilities: C$3.8M (9.7%)Current liabilities C$3.8MShareholders’ equity: C$35.6M (90.2%)Shareholders’ equityC$35.6M · 90%

Both columns are drawn to the same scale: what FMST owns equals what it owes plus shareholders’ equity. Hover a block for its value.

FMST financial health

Current ratio1.85
Comfortable · current assets cover current liabilities 1.85×
Equity / assets90.2%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

FMST balance sheet trends, FY2016–FY2026

MetricTrendThenLatestChange
Total assetsC$308,506FY2016C$39.4MFY2026+100.0%/yr
Total liabilitiesC$376,475FY2016C$3.8MFY2026+39.4%/yr
Shareholders’ equity−C$67,969FY2016C$35.6MFY2026—
Cash & short-term investmentsC$14,431FY2016C$6.4MFY2026+138.6%/yr
Total debtC$31,000FY2016C$521,368FY2025+60.1%/yr
Net cash (debt)−C$16,569FY2016C$4.5MFY2025+C$4.5M
Working capital−C$360,860FY2016C$3.3MFY2026+C$3.6M
Current ratio0.04FY20161.85FY2026+1.81
Debt / equity0.01FY20170.02FY2025+0.02
Shares outstanding438KFY201613.1MFY2026+62.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

FMST assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

FMST liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

FMST debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

FMST balance sheet in Canadian dollars

FY2026FY2025FY2024FY2023FY2019FY2018FY2017FY2016
Assets
Cash & short-term investmentsC$6.4MC$5.0MC$998,262C$606,124C$137,952C$3.2MC$312,367C$14,431
Cash & equivalentsC$6.4MC$5.0MC$998,262C$574,587C$137,952C$3.2MC$312,367C$14,431
Short-term investments———C$31,537−C$2,766−C$5,833−C$1,002−C$794
ReceivablesC$526,765C$231,857C$146,209C$164,052C$75,289C$137,749C$36,966C$1,184
InventoryC$0C$0C$0C$14,778C$11,583C$36,862C$9,666−C$1,184
Other current assetsC$227,369C$123,337C$340,742C$41,932C$34,480C$127,445C$28,970C$1,184
Total current assetsC$7.1MC$5.4MC$1.5MC$826,886C$259,304C$3.5MC$387,969C$15,615
Property, plant & equipment (net)C$30.7MC$21.3MC$15.1MC$12.5MC$6.1MC$4.0MC$1.2MC$289,391
Goodwill & intangible assetsC$0C$0C$0C$0C$0C$0C$0C$0
Long-term investmentsC$1.3MC$383,733C$0C$2,900C$0C$0C$0C$0
Other non-current assetsC$414,633C$671,981C$19,231C$24,404C$59,000C$26,000C$10,000C$3,500
Total assetsC$39.4MC$27.7MC$16.6MC$13.3MC$6.4MC$7.5MC$1.6MC$308,506
Liabilities
Accounts payableC$874,900C$93,707C$1.1MC$884,741C$439,658C$527,175C$129,356C$75,541
Short-term debt—C$521,368C$1.1MC$1.3MC$5,500C$105,500C$6,500C$31,000
Deferred revenue—C$477,000−C$1.1M−C$491,697−C$266,331−C$420,142−C$32,389C$2,838
Total current liabilitiesC$3.8MC$3.1MC$2.7MC$2.9MC$696,248C$930,046C$394,091C$376,475
Long-term debtC$0C$0C$0C$0C$0C$0C$0C$0
Lease obligations——C$0C$34,386————
Other long-term liabilitiesC$0C$152,765C$656,946C$0C$0C$0C$0C$0
Total liabilitiesC$3.8MC$3.2MC$3.4MC$2.9MC$696,248C$930,046C$394,091C$376,475
Shareholders' equity
Common stock & paid-in capitalC$63.0MC$45.7MC$32.1MC$26.4MC$16.5MC$15.7MC$2.7MC$1.3M
Retained earnings (deficit)−C$30.7M−C$24.5M−C$21.5M−C$17.9M−C$11.8M−C$13.6M−C$3.0M−C$1.8M
Accumulated other comprehensive incomeC$3.3MC$3.3MC$2.5MC$1.8MC$1.1MC$4.2MC$598,340C$29,027
Total shareholders' equityC$35.6MC$24.5MC$13.2MC$10.4MC$5.7MC$6.6MC$1.2M−C$67,969
Key figures
Total debt—C$521,368C$1.1MC$1.3MC$5,500C$105,500C$6,500C$31,000
Net cash (debt)—C$4.5M−C$140,258−C$684,977C$132,452C$3.1MC$305,867−C$16,569
Working capitalC$3.3MC$2.3M−C$1.2M−C$2.1M−C$436,944C$2.6M−C$6,122−C$360,860
Tangible book valueC$35.6MC$24.5MC$13.2MC$10.4MC$5.7MC$6.6MC$1.2M−C$67,969
Shares outstanding13.1M7.5M4.5M3.9M2.1M1.7M964K438K
Current ratio1.851.730.540.280.373.780.980.04
Quick ratio1.791.690.420.260.313.600.890.04
Debt / equity—0.020.090.120.000.020.01—
Equity / assets90.2%88.3%79.6%77.9%89.2%87.6%75.2%−22.0%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed June 30, 2026); data from EODHD.

FMST financial position

At the end of fiscal 2026 (March 31, 2026), Foremost Lithium Resource & Technology had total assets of C$39.4 million (up 42.2% from a year earlier), total liabilities of C$3.8 million and shareholders' equity of C$35.6 million. Its current ratio was 1.85. In the latest quarter (ended June 30, 2026) total assets were C$37.5 million and equity C$35.1 million.

Related: FMST income statement, FMST cash flow statement, FMST key metrics. See the FMST stock overview for the latest quote and news.

FMST balance sheet FAQ

What are Foremost Lithium Resource & Technology's total assets?

Foremost Lithium Resource & Technology reported total assets of C$39.4 million at the end of fiscal 2026 (March 31, 2026), compared with C$27.7 million a year earlier.

How much cash does Foremost Lithium Resource & Technology have?

Foremost Lithium Resource & Technology held C$6.4 million in cash and short-term investments at the end of fiscal 2026.

What is Foremost Lithium Resource & Technology's book value?

Foremost Lithium Resource & Technology's shareholders' equity (book value) was C$35.6 million at the end of fiscal 2026.

What is Foremost Lithium Resource & Technology's current ratio?

Foremost Lithium Resource & Technology had current assets of C$7.1 million and current liabilities of C$3.8 million, a current ratio of 1.85 (it can cover its short-term obligations).

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