Foremost Cash vs Capital Lease Obligations Analysis

FMSTW Stock

0.24 0.05 17.24%

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 Cash and its Capital Lease Obligations 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 estimate.

Cash vs Capital Lease Obligations

Cash vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foremost Lithium Resource Cash account and Capital Lease Obligations. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Foremost Lithium's Cash and Capital Lease Obligations is -0.11. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Capital Lease Obligations 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 Cash and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Foremost Lithium Resource are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Cash i.e., Foremost Lithium's Cash and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of Foremost Lithium Resource, which is listed under current asset account on Foremost Lithium Resource balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Foremost Lithium customers. The amounts must be unrestricted with restricted cash listed in a different Foremost Lithium account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Capital Lease Obligations

Foremost Lithium Resource capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Foremost Lithium asset purchases. For example, Foremost Lithium can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Foremost Lithium control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

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 estimate.

At this time, Foremost Lithium's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 31.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.

Foremost Lithium fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Short Term Investments	Common Stock	Inventory	Other Current Assets	Non Current Liabilities Total	Capital Lease Obligations
Total Assets		0.71	0.96	1.0	0.99	0.13	-0.93	0.99	0.32	0.99	-0.05	0.33	0.97	-0.08	0.97	0.53	0.92	0.89	0.86	-0.96	0.59	0.9	0.17	0.82	0.66	-0.91
Other Current Liab	0.71		0.8	0.7	0.72	0.21	-0.7	0.71	0.21	0.72	0.14	0.22	0.73	-0.05	0.73	0.29	0.69	0.71	0.71	-0.6	0.46	0.76	0.2	0.35	0.12	-0.71
Total Current Liabilities	0.96	0.8		0.94	0.96	0.25	-0.83	0.95	0.24	0.96	-0.12	0.25	0.92	-0.14	0.99	0.44	0.86	0.97	0.95	-0.91	0.52	0.82	0.16	0.78	0.6	-0.95
Total Stockholder Equity	1.0	0.7	0.94		0.99	0.09	-0.94	0.99	0.34	0.99	-0.03	0.35	0.97	-0.06	0.95	0.54	0.93	0.86	0.83	-0.96	0.59	0.91	0.17	0.81	0.64	-0.89
Property Plant And Equipment Net	0.99	0.72	0.96	0.99		0.26	-0.91	0.98	0.19	1.0	-0.04	0.2	0.98	-0.21	0.97	0.4	0.87	0.9	0.87	-0.95	0.62	0.89	0.05	0.8	0.65	-0.93
Net Debt	0.13	0.21	0.25	0.09	0.26		-0.06	0.13	-0.87	0.26	-0.03	-0.86	0.23	-0.94	0.25	-0.75	-0.18	0.35	0.33	-0.08	0.37	0.11	-0.73	0.0	0.12	-0.35
Retained Earnings	-0.93	-0.7	-0.83	-0.94	-0.91	-0.06		-0.95	-0.31	-0.92	-0.22	-0.32	-0.97	0.05	-0.83	-0.47	-0.86	-0.7	-0.64	0.86	-0.77	-0.97	-0.15	-0.64	-0.45	0.77
Accounts Payable	0.99	0.71	0.95	0.99	0.98	0.13	-0.95		0.3	0.99	-0.01	0.32	0.98	-0.08	0.96	0.51	0.9	0.86	0.83	-0.95	0.65	0.91	0.17	0.8	0.63	-0.89
Cash	0.32	0.21	0.24	0.34	0.19	-0.87	-0.31	0.3		0.19	-0.09	1.0	0.19	0.88	0.22	0.96	0.58	0.14	0.16	-0.34	-0.13	0.28	0.85	0.34	0.13	-0.11
Non Current Assets Total	0.99	0.72	0.96	0.99	1.0	0.26	-0.92	0.99	0.19		-0.03	0.2	0.98	-0.21	0.97	0.4	0.87	0.9	0.87	-0.95	0.63	0.9	0.05	0.8	0.65	-0.93
Non Currrent Assets Other	-0.05	0.14	-0.12	-0.03	-0.04	-0.03	-0.22	-0.01	-0.09	-0.03		-0.08	0.1	-0.06	-0.14	-0.12	-0.02	-0.27	-0.3	0.07	0.44	0.19	-0.01	-0.22	-0.3	0.02
Cash And Short Term Investments	0.33	0.22	0.25	0.35	0.2	-0.86	-0.32	0.32	1.0	0.2	-0.08		0.2	0.87	0.23	0.96	0.59	0.15	0.16	-0.34	-0.11	0.3	0.85	0.34	0.13	-0.12
Common Stock Shares Outstanding	0.97	0.73	0.92	0.97	0.98	0.23	-0.97	0.98	0.19	0.98	0.1	0.2		-0.19	0.93	0.39	0.86	0.83	0.79	-0.91	0.74	0.94	0.05	0.72	0.57	-0.88
Other Stockholder Equity	-0.08	-0.05	-0.14	-0.06	-0.21	-0.94	0.05	-0.08	0.88	-0.21	-0.06	0.87	-0.19		-0.17	0.77	0.21	-0.24	-0.21	0.04	-0.41	-0.1	0.85	0.01	-0.15	0.29
Total Liab	0.97	0.73	0.99	0.95	0.97	0.25	-0.83	0.96	0.22	0.97	-0.14	0.23	0.93	-0.17		0.44	0.85	0.96	0.95	-0.94	0.53	0.81	0.13	0.84	0.7	-0.97
Total Current Assets	0.53	0.29	0.44	0.54	0.4	-0.75	-0.47	0.51	0.96	0.4	-0.12	0.96	0.39	0.77	0.44		0.73	0.34	0.36	-0.55	-0.02	0.41	0.79	0.56	0.35	-0.33
Net Receivables	0.92	0.69	0.86	0.93	0.87	-0.18	-0.86	0.9	0.58	0.87	-0.02	0.59	0.86	0.21	0.85	0.73		0.75	0.74	-0.86	0.44	0.84	0.33	0.73	0.52	-0.78
Short Long Term Debt Total	0.89	0.71	0.97	0.86	0.9	0.35	-0.7	0.86	0.14	0.9	-0.27	0.15	0.83	-0.24	0.96	0.34	0.75		0.99	-0.84	0.45	0.7	0.11	0.75	0.61	-0.95
Short Term Debt	0.86	0.71	0.95	0.83	0.87	0.33	-0.64	0.83	0.16	0.87	-0.3	0.16	0.79	-0.21	0.95	0.36	0.74	0.99		-0.83	0.36	0.65	0.13	0.76	0.62	-0.94
Current Deferred Revenue	-0.96	-0.6	-0.91	-0.96	-0.95	-0.08	0.86	-0.95	-0.34	-0.95	0.07	-0.34	-0.91	0.04	-0.94	-0.55	-0.86	-0.84	-0.83		-0.49	-0.82	-0.23	-0.93	-0.8	0.9
Short Term Investments	0.59	0.46	0.52	0.59	0.62	0.37	-0.77	0.65	-0.13	0.63	0.44	-0.11	0.74	-0.41	0.53	-0.02	0.44	0.45	0.36	-0.49		0.77	-0.16	0.26	0.18	-0.55
Common Stock	0.9	0.76	0.82	0.91	0.89	0.11	-0.97	0.91	0.28	0.9	0.19	0.3	0.94	-0.1	0.81	0.41	0.84	0.7	0.65	-0.82	0.77		0.12	0.57	0.38	-0.75
Inventory	0.17	0.2	0.16	0.17	0.05	-0.73	-0.15	0.17	0.85	0.05	-0.01	0.85	0.05	0.85	0.13	0.79	0.33	0.11	0.13	-0.23	-0.16	0.12		0.21	0.0	-0.05
Other Current Assets	0.82	0.35	0.78	0.81	0.8	0.0	-0.64	0.8	0.34	0.8	-0.22	0.34	0.72	0.01	0.84	0.56	0.73	0.75	0.76	-0.93	0.26	0.57	0.21		0.95	-0.81
Non Current Liabilities Total	0.66	0.12	0.6	0.64	0.65	0.12	-0.45	0.63	0.13	0.65	-0.3	0.13	0.57	-0.15	0.7	0.35	0.52	0.61	0.62	-0.8	0.18	0.38	0.0	0.95		-0.69
Capital Lease Obligations	-0.91	-0.71	-0.95	-0.89	-0.93	-0.35	0.77	-0.89	-0.11	-0.93	0.02	-0.12	-0.88	0.29	-0.97	-0.33	-0.78	-0.95	-0.94	0.9	-0.55	-0.75	-0.05	-0.81	-0.69

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Foremost Lithium Account Relationship Matchups

Foremost Lithium fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9M	6.7M	7.9M	13.3M	16.6M	17.4M
Other Current Liab	167.9K	209.7K	429.5K	737.0K	492.1K	293.0K
Total Current Liabilities	732.1K	807.2K	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	6.0M	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	6.2M	7.5M	12.5M	15.1M	15.9M
Cash And Short Term Investments	46.2K	441.6K	292.3K	606.1K	998.3K	557.1K
Common Stock Shares Outstanding	2.5M	2.8M	3.3M	3.9M	4.5M	4.7M
Liabilities And Stockholders Equity	5.9M	6.7M	7.9M	13.3M	16.6M	17.4M
Total Liab	867.3K	943.5K	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	2.6M	1.3M
Net Receivables	16.5K	92.3K	85.9K	132.5K	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
Other Current Assets	42.5K	32.0K	55.9K	56.7K	340.7K	357.8K

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Foremost Cash vs Capital Lease Obligations Analysis

Cash vs Capital Lease Obligations

Cash vs Capital Lease Obligations Correlation Analysis

Correlation Coefficient

Cash

Capital Lease Obligations

Foremost Lithium fundamental ratios Correlations

Foremost Lithium Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Foremost Lithium fundamental ratios Accounts

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Additional Tools for Foremost Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Capital Lease Obligations	- 0.97	Total Liab
Common Stock	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.97	Retained Earnings
Current Deferred Revenue	- 0.96	Total Stockholder Equity
Current Deferred Revenue	- 0.96	Total Assets
Capital Lease Obligations	- 0.95	Short Long Term Debt Total