Foremost Net Working Capital vs Net Receivables Analysis
FMST Stock | 1.44 0.01 0.70% |
Foremost Lithium financial indicator trend analysis is much more than just examining Foremost Lithium Resource latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foremost Lithium Resource is a good investment. Please check the relationship between Foremost Lithium Net Working Capital and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foremost Lithium Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Net Working Capital vs Net Receivables
Net Working Capital vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foremost Lithium Resource Net Working Capital account and Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Foremost Lithium's Net Working Capital and Net Receivables is -0.66. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Foremost Lithium Resource, assuming nothing else is changed. The correlation between historical values of Foremost Lithium's Net Working Capital and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Foremost Lithium Resource are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Working Capital i.e., Foremost Lithium's Net Working Capital and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Working Capital
Net Receivables
Most indicators from Foremost Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foremost Lithium Resource current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foremost Lithium Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, Foremost Lithium's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 31.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.1 M in 2024.
Foremost Lithium fundamental ratios Correlations
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Foremost Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Foremost Lithium fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.9M | 6.9M | 7.9M | 13.3M | 16.6M | 17.4M | |
Other Current Liab | 482.0K | 441.3K | 429.5K | 737.0K | 492.1K | 381.2K | |
Total Current Liabilities | 732.1K | 1.0M | 1.1M | 2.9M | 2.7M | 2.9M | |
Total Stockholder Equity | 5.1M | 5.7M | 6.7M | 10.4M | 13.2M | 13.9M | |
Property Plant And Equipment Net | 5.6M | 6.3M | 7.2M | 12.5M | 15.1M | 15.8M | |
Net Debt | 180.5K | (194.5K) | (91.6K) | 716.5K | 140.3K | 147.3K | |
Retained Earnings | (14.1M) | (15.6M) | (19.7M) | (17.9M) | (21.5M) | (20.4M) | |
Accounts Payable | 515.8K | 536.1K | 603.0K | 884.7K | 1.1M | 1.2M | |
Cash | 3.2K | 392.2K | 235.5K | 574.6K | 998.3K | 542.9K | |
Non Current Assets Total | 5.8M | 6.4M | 7.5M | 12.5M | 15.1M | 15.9M | |
Cash And Short Term Investments | 3.2K | 392.2K | 235.5K | 574.6K | 998.3K | 542.9K | |
Common Stock Shares Outstanding | 2.5M | 2.8M | 3.3M | 3.9M | 4.5M | 4.7M | |
Liabilities And Stockholders Equity | 5.9M | 6.9M | 7.9M | 13.3M | 16.6M | 17.4M | |
Total Liab | 867.3K | 1.2M | 1.2M | 2.9M | 3.4M | 3.6M | |
Total Current Assets | 105.2K | 516.6K | 434.1K | 795.3K | 1.5M | 1.6M | |
Accumulated Other Comprehensive Income | 1.1M | 1.1M | 2.3M | 1.8M | 2.5M | 1.3M | |
Net Receivables | 59.5K | 49.4K | 142.7K | 164.1K | 146.2K | 153.5K | |
Short Long Term Debt Total | 183.7K | 197.7K | 143.8K | 1.3M | 1.1M | 1.2M | |
Short Term Debt | 48.5K | 61.4K | 69.5K | 1.3M | 1.1M | 1.2M | |
Current Deferred Revenue | (314.2K) | (154.1K) | (395.7K) | (491.7K) | (1.1M) | (1.0M) | |
Short Term Investments | 43.0K | 49.4K | 56.8K | 31.5K | 36.3K | 23.4K | |
Common Stock | 17.8M | 20.2M | 24.2M | 26.4M | 32.1M | 19.2M | |
Inventory | 12.7K | 6.5K | 11.2K | 14.8K | 13.3K | 11.8K | |
Other Current Assets | 29.9K | 32.0K | 55.9K | 56.7K | 340.7K | 357.8K |
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When running Foremost Lithium's price analysis, check to measure Foremost Lithium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Foremost Lithium is operating at the current time. Most of Foremost Lithium's value examination focuses on studying past and present price action to predict the probability of Foremost Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foremost Lithium's price. Additionally, you may evaluate how the addition of Foremost Lithium to your portfolios can decrease your overall portfolio volatility.