Foremost Lithium Resource & Technology Ltd. (FMST) Key Metrics
FMST key metrics, FY2016–FY2026
Fiscal year ended March 31, 2026 · Canadian dollarsFMST returns How much profit the business earns on the capital it uses.
FMST financial health Debt, liquidity and how easily interest is covered.
FMST efficiency & capital use Working capital cycle and where the cash goes.
FMST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FMST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FMST key metrics in Canadian dollars
FY2016–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||
| Return on equity (ROE) | −23.0% | −19.2% | −37.9% | 9.2% | −44.2% | −274.6% | −224.7% | — |
| Return on invested capital (ROIC) | −28.6% | −27.5% | −29.1% | −15.9% | −38.2% | −359.5% | −232.8% | — |
| Return on assets (ROA) | −20.6% | −16.3% | −29.9% | 7.2% | −39.1% | −234.6% | −133.3% | −59.2% |
| Return on tangible assets | −17.5% | −13.0% | −26.9% | 7.2% | −42.3% | −142.1% | −79.6% | −59.2% |
| Income quality (OCF / net income) | — | — | — | −2.59 | — | — | — | — |
| Financial health | ||||||||
| Total debt | — | C$521,368 | C$1.1M | C$1.3M | C$5,500 | C$105,500 | C$6,500 | C$31,000 |
| Cash & short-term investments | C$6.4M | C$5.0M | C$998,262 | C$606,124 | C$137,952 | C$3.2M | C$312,367 | C$14,431 |
| Net debt | −C$6.4M | −C$4.5M | C$140,258 | C$684,977 | −C$132,452 | −C$3.1M | −C$305,867 | C$16,569 |
| Debt / equity | — | 0.02 | 0.09 | 0.12 | 0.00 | 0.02 | 0.01 | — |
| Debt / assets | — | 0.02 | 0.07 | 0.10 | 0.00 | 0.01 | 0.00 | 0.10 |
| Net debt / EBITDA | — | — | — | 0.64 | — | — | — | — |
| Current ratio | 1.85 | 1.73 | 0.54 | 0.28 | 0.37 | 3.78 | 0.98 | 0.04 |
| Quick ratio | 1.85 | 1.73 | 0.54 | 0.28 | 0.36 | 3.74 | 0.96 | 0.04 |
| Interest coverage | -592.1 | -20.0 | -35.5 | -33.9 | -28.9 | -163.6 | — | — |
| Working capital | C$3.3M | C$2.3M | −C$1.2M | −C$2.1M | −C$436,944 | C$2.6M | −C$6,122 | −C$360,860 |
| Invested capital | C$29.2M | C$20.0M | C$13.3M | C$11.1M | C$5.6M | C$3.5M | C$886,457 | −C$51,400 |
| Tangible asset value | C$35.6M | C$24.5M | C$13.2M | C$10.4M | C$5.7M | C$6.6M | C$1.2M | −C$67,969 |
| Net current asset value | C$3.3M | C$2.1M | −C$1.9M | −C$2.1M | −C$436,944 | C$2.6M | −C$6,122 | −C$360,860 |
| Capital allocation | ||||||||
| Dividends paid | C$0 | C$0 | C$0 | C$0 | — | — | — | — |
| Dividend payout ratio | — | — | — | 0.0% | — | — | — | — |
| Capex / depreciation | — | — | 0.78 | 0.09 | 2.18 | 3.98 | 0.51 | 0.16 |
| Efficiency | ||||||||
| Days of inventory on hand | — | — | — | 1,225,902.3 | — | — | — | — |
| Days payables outstanding | 7,707.5 | — | — | 73,393,287.5 | — | — | — | — |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payables turnover | 0.05 | — | — | 0.00 | — | — | — | — |
| Inventory turnover | — | — | — | 0.00 | — | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | C$379,311 | C$189,033 | C$155,130 | C$164,052 | C$106,519 | C$87,358 | C$19,075 | C$1,184 |
| Average payables | C$484,304 | C$597,732 | C$993,249 | C$884,741 | C$483,416 | C$328,266 | C$102,448 | C$75,541 |
| Average inventory | — | — | — | C$14,778 | C$24,222 | C$23,264 | C$4,241 | −C$1,184 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FMST's annual financial statements (latest annual report filed June 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
FMST valuation and financial ratios
Foremost Lithium Resource & Technology earned a return on equity of −23.0% and a return on invested capital of −28.6% in fiscal 2026.
See the FMST income statement, the FMST chart for price history, or the FMST stock overview for the latest quote and news.
FMST key metrics FAQ
What is Foremost Lithium Resource & Technology's return on equity?
Foremost Lithium Resource & Technology's return on equity (ROE) was −23.0% in fiscal 2026: net income of -C$6.9 million on average shareholders' equity of C$30.0 million.
What is Foremost Lithium Resource & Technology's ROIC?
Foremost Lithium Resource & Technology's return on invested capital was −28.6% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
Does Foremost Lithium Resource & Technology pay a dividend?
Foremost Lithium Resource & Technology did not pay a dividend in fiscal 2026.
What is Foremost Lithium Resource & Technology's current ratio?
Foremost Lithium Resource & Technology's current ratio was 1.85 at the end of fiscal 2026: current assets were 1.85 times current liabilities.