First Phosphate Corp. (PHOS) Key Metrics
PHOS key metrics, FY2023–FY2026
Fiscal year ended February 28, 2026 · Canadian dollarsPHOS returns How much profit the business earns on the capital it uses.
PHOS financial health Debt, liquidity and how easily interest is covered.
PHOS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PHOS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PHOS key metrics in Canadian dollars
FY2023–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Returns & profitability | ||||
| Return on equity (ROE) | −150.5% | −97.1% | −112.6% | −58.8% |
| Return on invested capital (ROIC) | −396.3% | −214.0% | −224.3% | −60.9% |
| Return on assets (ROA) | −129.8% | −74.6% | −87.6% | −53.7% |
| Return on tangible assets | −81.8% | −102.3% | −63.8% | −53.7% |
| Financial health | ||||
| Total debt | C$726,213 | — | — | — |
| Cash & short-term investments | C$20.2M | C$1.9M | C$7.5M | C$1.2M |
| Net debt | −C$19.5M | −C$1.9M | −C$7.5M | −C$1.2M |
| Debt / equity | 0.03 | — | — | — |
| Debt / assets | 0.03 | — | — | — |
| Current ratio | 7.98 | 3.48 | 2.44 | 4.32 |
| Quick ratio | 7.98 | 3.48 | 2.44 | 4.32 |
| Interest coverage | -73.6 | -21.5 | -129.3 | — |
| Working capital | C$21.7M | C$2.6M | C$5.3M | C$1.7M |
| Invested capital | C$5.3M | C$4.5M | C$1.8M | C$4.2M |
| Tangible asset value | C$24.8M | C$6.4M | C$9.3M | C$5.4M |
| Net current asset value | C$20.9M | C$2.6M | C$5.3M | C$1.7M |
| Capital allocation | ||||
| Capex / depreciation | 1.98 | — | — | — |
| Efficiency | ||||
| Receivables turnover | 0.00 | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | C$50,521 | C$0 | — | — |
| Average payables | — | — | C$1.5M | C$419,415 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from PHOS's annual financial statements (latest annual report filed —) 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.
PHOS valuation and financial ratios
First Phosphate Corp. earned a return on equity of −150.5% and a return on invested capital of −396.3% in fiscal 2026. It ended the year with C$0.7 million of debt and C$20.2 million in cash and short-term investments, a net cash position of C$19.5 million.
See the PHOS income statement, the PHOS chart for price history, or the PHOS stock overview for the latest quote and news.
PHOS key metrics FAQ
What is First Phosphate Corp.'s return on equity?
First Phosphate Corp.'s return on equity (ROE) was −150.5% in fiscal 2026: net income of -C$23.4 million on average shareholders' equity of C$15.6 million.
What is First Phosphate Corp.'s ROIC?
First Phosphate Corp.'s return on invested capital was −396.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does First Phosphate Corp. have?
First Phosphate Corp. had total debt of C$0.7 million at the end of fiscal 2026, a debt-to-equity ratio of 0.03 and more cash than debt.
What is First Phosphate Corp.'s current ratio?
First Phosphate Corp.'s current ratio was 7.98 at the end of fiscal 2026: current assets were 7.98 times current liabilities.