First Phosphate Corp.
First Phosphate Corp. operates as a mineral exploration, development, and cleantech company. The company engages in acquiring, exploring, and developing igneous anorthosite rock mineral properties in the Saguenay-Lac-St-Jean Region of Quebec for developing and producing apatite concentrate, magnetite concentrate, and ilmenite concentrate. Its flagship property is Bégin-Lamarche Property in Saguen… Read more
First Phosphate Corp. (FRSPF) - Total Assets
Latest total assets as of February 2025: $7.45 Million USD
Based on the latest financial reports, First Phosphate Corp. (FRSPF) holds total assets worth $7.45 Million USD as of February 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First Phosphate Corp. - Total Assets Trend (2020–2025)
This chart illustrates how First Phosphate Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Phosphate Corp. - Asset Composition Analysis
Current Asset Composition (February 2025)
First Phosphate Corp.'s total assets of $7.45 Million consist of 49.6% current assets and 50.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 25.1% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2025)
This chart illustrates how First Phosphate Corp.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Phosphate Corp.'s current assets represent 49.6% of total assets in 2025, an increase from 0.0% in 2020.
- Cash Position: Cash and equivalents constituted 25.1% of total assets in 2025, up from 0.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
First Phosphate Corp. Competitors by Total Assets
Key competitors of First Phosphate Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Great Quest Fertilizer Ltd
PINK:GQMLF
|
USA | $127.20K |
|
GRDV
PINK:GRDV
|
USA | $273.00 |
|
Napier Ventures Inc
PINK:NPRVF
|
USA | $66.28 |
|
Placer Creek Mining
OTCGREY:PRCK
|
USA | $692.65K |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426
|
China | CN¥17.51 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
First Phosphate Corp. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - First Phosphate Corp. generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - First Phosphate Corp. is currently not profitable relative to its asset base.
First Phosphate Corp. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.48 | 2.33 | 0.08 |
| Quick Ratio | 3.48 | 2.33 | 0.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.63 Million | $ 4.89 Million | $ -169.90K |
First Phosphate Corp. - Advanced Valuation Insights
This section examines the relationship between First Phosphate Corp.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 26.60 |
| Latest Market Cap to Assets Ratio | 3.34 |
| Asset Growth Rate (YoY) | -42.7% |
| Total Assets | $7.45 Million |
| Market Capitalization | $24.87 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values First Phosphate Corp.'s assets at a significant premium ( 3.34x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: First Phosphate Corp.'s assets decreased by 42.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for First Phosphate Corp. (2020–2025)
The table below shows the annual total assets of First Phosphate Corp. from 2020 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-02-28 | $7.45 Million | -42.65% |
| 2024-02-29 | $13.00 Million | +119.04% |
| 2023-02-28 | $5.93 Million | -- |
| 2022-02-28 | $0.00 | -- |
| 2021-02-28 | $26.18K | -- |
| 2020-02-29 | $0.00 | -- |