Foremost Operating Income vs Ebitda Analysis

FMST Stock

2.42 0.05 2.02%

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 Operating Income and its Ebitda 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.

Operating Income vs Ebitda

Operating Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foremost Lithium Resource Operating Income account and Ebitda. At this time, the significance of the direction appears to have totally related.

The correlation between Foremost Lithium's Operating Income and Ebitda is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebitda 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 Operating Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Foremost Lithium Resource are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Operating Income i.e., Foremost Lithium's Operating Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Foremost Lithium Resource operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Foremost Lithium Resource is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Ebitda

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 30.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2 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	Net Tangible Assets	Non Current Liabilities Total
Total Assets		0.99	0.96	1.0	0.99	0.3	-0.87	0.99	0.27	0.99	0.01	0.27	0.98	-0.75	0.96	0.34	0.97	0.88	0.86	-0.92	0.6	0.89	0.27	0.25	0.83	-0.88
Other Current Liab	0.99		0.97	0.98	0.98	0.31	-0.84	0.98	0.26	0.98	0.04	0.26	0.97	-0.74	0.98	0.33	0.97	0.9	0.88	-0.9	0.59	0.86	0.27	0.26	0.86	-0.91
Total Current Liabilities	0.96	0.97		0.94	0.97	0.44	-0.72	0.94	0.16	0.96	-0.11	0.16	0.92	-0.64	1.0	0.22	0.9	0.97	0.96	-0.81	0.52	0.78	0.16	0.13	0.86	-0.95
Total Stockholder Equity	1.0	0.98	0.94		0.98	0.25	-0.89	0.99	0.3	0.98	0.04	0.3	0.98	-0.77	0.94	0.36	0.98	0.85	0.83	-0.94	0.61	0.91	0.3	0.29	0.82	-0.85
Property Plant And Equipment Net	0.99	0.98	0.97	0.98		0.43	-0.85	0.98	0.13	1.0	0.01	0.13	0.98	-0.74	0.97	0.2	0.94	0.9	0.88	-0.88	0.64	0.88	0.14	0.12	0.86	-0.9
Net Debt	0.3	0.31	0.44	0.25	0.43		-0.12	0.3	-0.81	0.43	-0.07	-0.81	0.39	-0.13	0.44	-0.77	0.14	0.52	0.51	-0.06	0.41	0.21	-0.76	-0.8	0.48	-0.53
Retained Earnings	-0.87	-0.84	-0.72	-0.89	-0.85	-0.12		-0.9	-0.28	-0.85	-0.34	-0.28	-0.91	0.83	-0.74	-0.35	-0.88	-0.57	-0.52	0.93	-0.79	-0.97	-0.31	-0.33	-0.71	0.63
Accounts Payable	0.99	0.98	0.94	0.99	0.98	0.3	-0.9		0.25	0.99	0.05	0.25	0.99	-0.78	0.95	0.32	0.96	0.85	0.82	-0.93	0.66	0.92	0.27	0.25	0.82	-0.85
Cash	0.27	0.26	0.16	0.3	0.13	-0.81	-0.28	0.25		0.13	-0.07	1.0	0.14	-0.22	0.16	1.0	0.41	0.08	0.1	-0.42	-0.16	0.23	0.94	0.95	0.03	-0.05
Non Current Assets Total	0.99	0.98	0.96	0.98	1.0	0.43	-0.85	0.99	0.13		0.02	0.13	0.99	-0.74	0.97	0.19	0.94	0.9	0.87	-0.88	0.65	0.89	0.14	0.12	0.86	-0.9
Non Currrent Assets Other	0.01	0.04	-0.11	0.04	0.01	-0.07	-0.34	0.05	-0.07	0.02		-0.07	0.13	-0.15	-0.1	-0.04	0.15	-0.23	-0.26	-0.19	0.46	0.24	-0.04	0.07	0.23	-0.01
Cash And Short Term Investments	0.27	0.26	0.16	0.3	0.13	-0.81	-0.28	0.25	1.0	0.13	-0.07		0.14	-0.22	0.16	1.0	0.41	0.08	0.1	-0.42	-0.16	0.23	0.94	0.95	0.03	-0.05
Common Stock Shares Outstanding	0.98	0.97	0.92	0.98	0.98	0.39	-0.91	0.99	0.14	0.99	0.13	0.14		-0.77	0.94	0.21	0.94	0.83	0.8	-0.9	0.74	0.92	0.14	0.14	0.85	-0.85
Other Stockholder Equity	-0.75	-0.74	-0.64	-0.77	-0.74	-0.13	0.83	-0.78	-0.22	-0.74	-0.15	-0.22	-0.77		-0.65	-0.27	-0.76	-0.51	-0.47	0.78	-0.63	-0.81	-0.26	-0.26	-0.58	0.53
Total Liab	0.96	0.98	1.0	0.94	0.97	0.44	-0.74	0.95	0.16	0.97	-0.1	0.16	0.94	-0.65		0.22	0.91	0.97	0.95	-0.81	0.55	0.79	0.15	0.12	0.87	-0.95
Total Current Assets	0.34	0.33	0.22	0.36	0.2	-0.77	-0.35	0.32	1.0	0.19	-0.04	1.0	0.21	-0.27	0.22		0.47	0.13	0.14	-0.49	-0.1	0.31	0.94	0.95	0.1	-0.1
Net Receivables	0.97	0.97	0.9	0.98	0.94	0.14	-0.88	0.96	0.41	0.94	0.15	0.41	0.94	-0.76	0.91	0.47		0.81	0.79	-0.94	0.59	0.89	0.39	0.4	0.83	-0.84
Short Long Term Debt Total	0.88	0.9	0.97	0.85	0.9	0.52	-0.57	0.85	0.08	0.9	-0.23	0.08	0.83	-0.51	0.97	0.13	0.81		1.0	-0.69	0.43	0.65	0.07	0.02	0.83	-0.96
Short Term Debt	0.86	0.88	0.96	0.83	0.88	0.51	-0.52	0.82	0.1	0.87	-0.26	0.1	0.8	-0.47	0.95	0.14	0.79	1.0		-0.66	0.36	0.61	0.08	0.03	0.81	-0.96
Current Deferred Revenue	-0.92	-0.9	-0.81	-0.94	-0.88	-0.06	0.93	-0.93	-0.42	-0.88	-0.19	-0.42	-0.9	0.78	-0.81	-0.49	-0.94	-0.69	-0.66		-0.6	-0.92	-0.5	-0.48	-0.72	0.73
Short Term Investments	0.6	0.59	0.52	0.61	0.64	0.41	-0.79	0.66	-0.16	0.65	0.46	-0.16	0.74	-0.63	0.55	-0.1	0.59	0.43	0.36	-0.6		0.78	-0.17	-0.14	0.69	-0.5
Common Stock	0.89	0.86	0.78	0.91	0.88	0.21	-0.97	0.92	0.23	0.89	0.24	0.23	0.92	-0.81	0.79	0.31	0.89	0.65	0.61	-0.92	0.78		0.26	0.25	0.81	-0.7
Inventory	0.27	0.27	0.16	0.3	0.14	-0.76	-0.31	0.27	0.94	0.14	-0.04	0.94	0.14	-0.26	0.15	0.94	0.39	0.07	0.08	-0.5	-0.17	0.26		0.98	-0.01	-0.05
Other Current Assets	0.25	0.26	0.13	0.29	0.12	-0.8	-0.33	0.25	0.95	0.12	0.07	0.95	0.14	-0.26	0.12	0.95	0.4	0.02	0.03	-0.48	-0.14	0.25	0.98		0.01	-0.03
Net Tangible Assets	0.83	0.86	0.86	0.82	0.86	0.48	-0.71	0.82	0.03	0.86	0.23	0.03	0.85	-0.58	0.87	0.1	0.83	0.83	0.81	-0.72	0.69	0.81	-0.01	0.01		-0.91
Non Current Liabilities Total	-0.88	-0.91	-0.95	-0.85	-0.9	-0.53	0.63	-0.85	-0.05	-0.9	-0.01	-0.05	-0.85	0.53	-0.95	-0.1	-0.84	-0.96	-0.96	0.73	-0.5	-0.7	-0.05	-0.03	-0.91

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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	6.9M	7.9M	13.3M	15.3M	16.1M
Other Current Liab	482.0K	595.4K	825.2K	1.2M	1.4M	1.5M
Total Current Liabilities	732.1K	1.0M	1.1M	2.9M	3.3M	3.5M
Total Stockholder Equity	5.1M	5.7M	6.7M	10.4M	11.9M	12.5M
Property Plant And Equipment Net	5.6M	6.3M	7.2M	12.5M	14.3M	15.1M
Net Debt	180.5K	(194.5K)	(91.6K)	716.5K	824.0K	865.2K
Retained Earnings	(14.1M)	(15.6M)	(19.7M)	(17.9M)	(16.1M)	(15.3M)
Accounts Payable	515.8K	536.1K	603.0K	884.7K	1.0M	1.1M
Cash	3.2K	392.2K	235.5K	574.6K	660.8K	500.1K
Non Current Assets Total	5.8M	6.4M	7.5M	12.5M	14.4M	15.1M
Cash And Short Term Investments	3.2K	392.2K	235.5K	574.6K	660.8K	500.1K
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	15.3M	16.1M
Total Liab	867.3K	1.2M	1.2M	2.9M	3.3M	3.5M
Total Current Assets	105.2K	516.6K	434.1K	795.3K	914.7K	604.3K
Accumulated Other Comprehensive Income	1.1M	1.1M	2.3M	1.8M	2.1M	1.2M
Net Receivables	59.5K	92.3K	142.7K	164.1K	188.7K	198.1K
Short Long Term Debt Total	183.7K	197.7K	143.8K	1.3M	1.5M	1.6M
Short Term Debt	48.5K	61.4K	69.5K	1.3M	1.5M	1.6M
Current Deferred Revenue	(314.2K)	(154.1K)	(395.7K)	(491.7K)	(442.5K)	(420.4K)
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	30.4M	17.2M
Inventory	12.7K	6.5K	11.2K	14.8K	13.3K	11.8K
Other Current Assets	29.9K	25.5K	44.7K	41.9K	37.7K	38.0K

Pair Trading with Foremost Lithium

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Foremost Lithium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Foremost Lithium will appreciate offsetting losses from the drop in the long position's value.

Moving together with Foremost Stock

0.64

First Majestic Silver

Pair Corr

Moving against Foremost Stock

0.41

WLKP

Westlake Chemical

Pair Corr

The ability to find closely correlated positions to Foremost Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foremost Lithium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Foremost Lithium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Foremost Lithium Resource to buy it.

The correlation of Foremost Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foremost Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foremost Lithium Resource moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Foremost Lithium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Foremost Stock Analysis

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.

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