Foremost Selling General Administrative vs Total Current Assets Analysis

FMSTW Stock   0.32  0.08  33.33%   
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 Selling General Administrative and its Total Current Assets 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.

Selling General Administrative vs Total Current Assets

Selling General Administrative vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foremost Lithium Resource Selling General Administrative account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Foremost Lithium's Selling General Administrative and Total Current Assets is 0.9. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Current Assets 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 Selling General Administrative and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Foremost Lithium Resource are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Selling General Administrative i.e., Foremost Lithium's Selling General Administrative and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Selling General Administrative

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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

0.710.961.00.990.13-0.930.990.320.99-0.050.330.97-0.070.970.530.920.890.86-0.960.590.90.170.820.66-0.91
0.710.80.70.720.21-0.70.710.210.720.140.220.73-0.040.730.290.690.710.71-0.60.460.760.20.350.12-0.71
0.960.80.940.960.25-0.830.950.240.96-0.120.250.92-0.130.990.440.860.970.95-0.910.520.820.160.780.6-0.95
1.00.70.940.990.09-0.940.990.340.99-0.030.350.97-0.050.950.540.930.860.83-0.960.590.910.170.810.64-0.89
0.990.720.960.990.26-0.910.980.191.0-0.040.20.98-0.20.970.40.870.90.87-0.950.620.890.050.80.65-0.93
0.130.210.250.090.26-0.060.13-0.870.26-0.03-0.860.23-0.940.25-0.75-0.180.350.33-0.080.370.11-0.730.00.12-0.35
-0.93-0.7-0.83-0.94-0.91-0.06-0.95-0.31-0.92-0.22-0.32-0.970.05-0.83-0.47-0.86-0.7-0.640.86-0.77-0.97-0.15-0.64-0.450.77
0.990.710.950.990.980.13-0.950.30.99-0.010.320.98-0.070.960.510.90.860.83-0.950.650.910.170.80.63-0.89
0.320.210.240.340.19-0.87-0.310.30.19-0.091.00.190.880.220.960.580.140.16-0.34-0.130.280.850.340.13-0.11
0.990.720.960.991.00.26-0.920.990.19-0.030.20.98-0.20.970.40.870.90.87-0.950.630.90.050.80.65-0.93
-0.050.14-0.12-0.03-0.04-0.03-0.22-0.01-0.09-0.03-0.080.1-0.06-0.14-0.12-0.02-0.27-0.30.070.440.19-0.01-0.22-0.30.02
0.330.220.250.350.2-0.86-0.320.321.00.2-0.080.20.880.230.960.590.150.16-0.34-0.110.30.850.340.13-0.12
0.970.730.920.970.980.23-0.970.980.190.980.10.2-0.180.930.390.860.830.79-0.910.740.940.050.720.57-0.88
-0.07-0.04-0.13-0.05-0.2-0.940.05-0.070.88-0.2-0.060.88-0.18-0.150.770.22-0.23-0.20.03-0.4-0.090.850.02-0.140.28
0.970.730.990.950.970.25-0.830.960.220.97-0.140.230.93-0.150.440.850.960.95-0.940.530.810.130.840.7-0.97
0.530.290.440.540.4-0.75-0.470.510.960.4-0.120.960.390.770.440.730.340.36-0.55-0.020.410.790.560.35-0.33
0.920.690.860.930.87-0.18-0.860.90.580.87-0.020.590.860.220.850.730.750.74-0.860.440.840.330.730.52-0.78
0.890.710.970.860.90.35-0.70.860.140.9-0.270.150.83-0.230.960.340.750.99-0.840.450.70.110.750.61-0.95
0.860.710.950.830.870.33-0.640.830.160.87-0.30.160.79-0.20.950.360.740.99-0.830.360.650.130.760.62-0.94
-0.96-0.6-0.91-0.96-0.95-0.080.86-0.95-0.34-0.950.07-0.34-0.910.03-0.94-0.55-0.86-0.84-0.83-0.49-0.82-0.23-0.93-0.80.9
0.590.460.520.590.620.37-0.770.65-0.130.630.44-0.110.74-0.40.53-0.020.440.450.36-0.490.77-0.160.260.18-0.55
0.90.760.820.910.890.11-0.970.910.280.90.190.30.94-0.090.810.410.840.70.65-0.820.770.120.570.38-0.75
0.170.20.160.170.05-0.73-0.150.170.850.05-0.010.850.050.850.130.790.330.110.13-0.23-0.160.120.210.0-0.05
0.820.350.780.810.80.0-0.640.80.340.8-0.220.340.720.020.840.560.730.750.76-0.930.260.570.210.95-0.81
0.660.120.60.640.650.12-0.450.630.130.65-0.30.130.57-0.140.70.350.520.610.62-0.80.180.380.00.95-0.69
-0.91-0.71-0.95-0.89-0.93-0.350.77-0.89-0.11-0.930.02-0.12-0.880.28-0.97-0.33-0.78-0.95-0.940.9-0.55-0.75-0.05-0.81-0.69
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Foremost Lithium Account Relationship Matchups

Foremost Lithium fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.9M6.7M7.9M13.3M16.6M17.4M
Other Current Liab167.9K209.7K429.5K737.0K492.1K293.0K
Total Current Liabilities732.1K807.2K1.1M2.9M2.7M2.9M
Total Stockholder Equity5.1M5.7M6.7M10.4M13.2M13.9M
Property Plant And Equipment Net5.6M6.0M7.2M12.5M15.1M15.8M
Net Debt180.5K(194.5K)(91.6K)716.5K140.3K147.3K
Retained Earnings(14.1M)(15.6M)(19.7M)(17.9M)(21.5M)(20.4M)
Accounts Payable515.8K536.1K603.0K884.7K1.1M1.2M
Cash3.2K392.2K235.5K574.6K998.3K542.9K
Non Current Assets Total5.8M6.2M7.5M12.5M15.1M15.9M
Cash And Short Term Investments46.2K441.6K292.3K606.1K998.3K557.1K
Common Stock Shares Outstanding2.5M2.8M3.3M3.9M4.5M4.7M
Liabilities And Stockholders Equity5.9M6.7M7.9M13.3M16.6M17.4M
Total Liab867.3K943.5K1.2M2.9M3.4M3.6M
Total Current Assets105.2K516.6K434.1K795.3K1.5M1.6M
Accumulated Other Comprehensive Income1.1M1.1M2.3M1.8M2.5M1.3M
Net Receivables16.5K92.3K85.9K132.5K146.2K153.5K
Short Long Term Debt Total183.7K197.7K143.8K1.3M1.1M1.2M
Short Term Debt48.5K61.4K69.5K1.3M1.1M1.2M
Current Deferred Revenue(314.2K)(154.1K)(395.7K)(491.7K)(1.1M)(1.0M)
Short Term Investments43.0K49.4K56.8K31.5K36.3K23.4K
Common Stock17.8M20.2M24.2M26.4M32.1M19.2M
Other Current Assets42.5K32.0K55.9K56.7K340.7K357.8K

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