Foremost Clean Energy (FMST) Balance Sheet: Assets & Liabilities

Foremost Clean Energy (FMST) Balance Sheet

As of Jun 30, 2026 (end of fiscal 2026), Foremost Clean Energy reported total assets of CAD 39.34M and total liabilities of CAD 3.84M. Shareholders' equity was CAD 35.50M, up 45.0% from CAD 24.49M a year earlier. Total debt stood at CAD 0.00 against CAD 6.34M in cash and short-term investments, a net cash position of CAD 6.34M. That puts debt-to-equity at 0.00, compared with 0.02 a year earlier.

Foremost Clean Energy Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Foremost Clean Energy Ltd. (FMST) - Annual data in millions CAD
Breakdown	FY 2026	FY 2026	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Mar 2026	Mar 2025	Mar 2024	Jun 2023	Mar 2023	Mar 2022	Jun 2021	Mar 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017
Current Assets
Cash and Cash Equivalents	6.34	6.34	5.01	1.00	0.57	0.57	0.24	0.39	0.39	0.00	0.14	3.21	0.31
Short-Term Investments	0.00	-	0.00	0.00	0.03	0.03	0.06	0.05	-	0.04	0.00	0.00	0.00
Cash & Short-Term Investments	6.34	6.34	5.01	1.00	0.61	0.57	0.24	0.44	0.39	0.05	0.14	3.21	0.31
Accounts Receivable	0.53	0.53	0.23	0.15	0.16	0.13	0.14	0.09	0.09	0.06	0.08	0.14	0.04
Inventory	0.00	-	0.00	0.00	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Current Assets	0.23	-	0.12	0.34	0.06	0.06	0.06	0.03	0.03	0.00	0.05	0.16	0.04
Total Current Assets	7.09	7.09	5.36	1.49	0.80	0.80	0.43	0.52	0.52	0.11	0.26	3.52	0.39
Non-Current Assets
Property, Plant & Equipment (Net)	30.65	30.65	21.32	15.09	12.48	12.48	7.19	6.03	6.26	5.63	6.12	3.96	1.19
Long-Term Investments	1.26	-	0.38	0.00	0.00	0.00	0.01	0.10	0.01	0.15	0.01	0.03	0.01
Other Non-Current Assets	0.33	-	0.67	0.02	0.02	0.02	0.25	0.05	0.05	0.05	0.05	0.00	0.00
Total Non-Current Assets	32.25	32.25	22.38	15.11	12.51	12.51	7.48	6.18	-	5.83	6.18	3.98	1.20
Total Assets	39.34	39.34	27.74	16.60	13.30	13.30	7.92	6.69	6.92	5.94	6.44	7.50	1.59
Current Liabilities
Accounts Payable	0.87	0.87	0.09	1.10	0.88	0.88	0.60	0.54	0.54	0.52	0.44	0.53	0.13
Short-Term Debt	0.00	-	0.52	1.14	1.29	1.26	0.07	0.06	-	0.05	0.01	0.11	0.01
Current Portion of Long-Term Debt	-	-	-	-	-	0.04	-	-	-	-	-	-	-
Accrued Liabilities	-	0.11	0.21	0.18	-	0.31	0.17	-	0.44	-	-	-	-
Deferred Revenue	0.00	-	0.48	0.01	0.73	-	0.43	0.21	-	0.17	0.31	0.00	0.00
Other Current Liabilities	2.96	2.66	2.00	0.30	0.74	0.31	0.26	0.21	-	0.17	0.25	0.30	0.26
Total Current Liabilities	3.84	3.84	3.10	2.73	2.91	2.91	1.10	0.81	1.04	0.73	0.70	0.93	0.39
Non-Current Liabilities
Long-Term Debt	0.00	-	0.00	0.00	0.00	-	0.04	0.14	0.04	0.14	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	-	0.15	0.66	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	0.00	-	0.15	0.66	0.00	-	0.07	0.14	-	0.14	0.00	0.00	0.00
Total Liabilities	3.84	3.84	3.25	3.39	2.91	2.91	1.18	0.94	1.18	0.87	0.70	0.93	0.39
Stockholders' Equity
Common Stock	62.83	62.83	45.67	32.12	26.45	26.45	24.16	20.17	20.17	17.84	16.45	15.71	3.64
Retained Earnings	-30.62	-30.62	-24.46	-21.48	-17.87	-17.87	-19.72	-15.60	-15.60	-14.10	-11.82	-13.59	-3.05
Accumulated Other Comprehensive Income	3.29	3.29	3.28	2.57	1.81	1.81	2.29	1.14	1.18	1.13	1.12	4.43	0.60
Additional Paid-in Capital	0.00	-	0.00	0.00	0.00	-	0.00	-0.04	-	0.00	0.00	0.22	0.00
Shares Outstanding	-	16.28	10.42	5.21	-	3.97	3.61	-	-	-	-	-	-
Total Stockholders' Equity	35.50	35.50	24.49	13.21	10.39	10.39	6.74	5.75	5.75	5.07	5.75	6.57	1.19
Total Liabilities & Equity	39.34	39.34	27.74	16.60	13.30	13.30	7.92	6.69	-	5.94	6.44	7.50	1.59

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Foremost Clean Energy Balance Sheet

How much debt does Foremost Clean Energy have?

Foremost Clean Energy had total debt of CAD 0.00 as of Jun 30, 2026, against CAD 6.34M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was CAD 521.37K a year earlier.

What are Foremost Clean Energy's total assets?

Foremost Clean Energy reported total assets of CAD 39.34M as of Jun 30, 2026, up 41.8% from CAD 27.74M a year earlier. Total liabilities were CAD 3.84M.

What is Foremost Clean Energy's shareholders' equity?

Foremost Clean Energy's shareholders' equity was CAD 35.50M as of Jun 30, 2026.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition