Foremost Lithium Resource & Technology (XCNQ:FAT) Accounts Payable & Accrued Expense : C$0.67 Mil (As of Sep. 2023)

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What is Foremost Lithium Resource & Technology Accounts Payable & Accrued Expense?

Foremost Lithium Resource & Technology's quarterly accounts payable & accrued expense increased from Mar. 2023 (C$1.62 Mil) to Jun. 2023 (C$1.85 Mil) but then declined from Jun. 2023 (C$1.85 Mil) to Sep. 2023 (C$0.67 Mil).

Foremost Lithium Resource & Technology's annual accounts payable & accrued expense increased from Mar. 2021 (C$0.98 Mil) to Mar. 2022 (C$1.03 Mil) and increased from Mar. 2022 (C$1.03 Mil) to Mar. 2023 (C$1.62 Mil).

Foremost Lithium Resource & Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Foremost Lithium Resource & Technology's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Foremost Lithium Resource & Technology Accounts Payable & Accrued Expense Chart

Foremost Lithium Resource & Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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0.69

0.68

0.98

1.03

1.62

Foremost Lithium Resource & Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.76	1.28	1.62	1.85	0.67

Foremost Lithium Resource & Technology Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Foremost Lithium Resource & Technology (XCNQ:FAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Foremost Lithium Resource & Technology Ltd (XCNQ:FAT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

FMST:USA F0R:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.foremostlithium.com

Foremost Lithium Resource & Technology Ltd is a hard-rock exploration company strategically located to capitalize on the growing EV appetite and is committed to being a supplier of North America's lithium feedstock. As the transition towards decarbonization, the company is focused on the exploration and growth of its five Lithium Lane Projects in Snow Lake Manitoba. It also has the Winston Gold/Silver Property in New Mexico, USA.

Executives

Sead Hamzagic

Senior Officer