FOMTF (Formation Metals) Debt-to-Equity: 0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FOMTF Formation Metals Inc FOMTF
15 GF Score
Price $0.24
! 2 Warning Signs
View Full Analysis

What is Formation Metals Debt-to-Equity?

Formation Metals FOMTF -1.45% 15 Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus rates FOMTF with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 1,232 Metals & Mining companies, Formation Metals ranks worse than 81168.75% on this metric.

Formation Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Formation Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Formation Metals's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $9.91 Mil. Formation Metals's debt to equity for the quarter that ended in Mar. 2026 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Formation Metals's Debt-to-Equity or its related term are showing as below:

FOMTF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Formation Metals  (OTCPK:FOMTF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Formation Metals Debt-to-Equity Related Terms

Formation Metals Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Formation Metals's Debt-to-Equity 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.

Formation Metals Debt-to-Equity Chart

Formation Metals Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
0.00 0.00 0.00 0.00 0.00

Formation Metals Quarterly Data
Mar22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FOMTF vs : Debt-to-Equity Comparison

For the Other Industrial Metals & Mining subindustry, Formation Metals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Formation Metals Debt-to-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Formation Metals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Formation Metals's Debt-to-Equity falls into.


FOMTF
15GF Score
Formation Metals Inc FOMTF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Formation Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Formation Metals's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 9.909
=0.00

Formation Metals's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 9.909
=0.00

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.00 mean?
Formation Metals (FOMTF) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Formation Metals and its competitors. According to the industry distribution chart, Formation Metals ranks #999999 out of 1232 companies in the Metals & Mining industry.
Is Formation Metals' Debt-to-Equity too high?
Formation Metals' current Debt-to-Equity is 0.00. Based on the distribution chart, Formation Metals ranks #999999 out of 1232 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Formation Metals has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Formation Metals' Debt-to-Equity compare to ?
According to the Metals & Mining industry distribution chart, Formation Metals ranks #999999 out of 1232 companies for Debt-to-Equity. This places Formation Metals in the lower half of its industry. The industry median Debt-to-Equity is 0.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,232 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Formation Metals and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formation Metals's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formation Metals stock overvalued right now?
Formation Metals (FOMTF) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Formation Metals' overall GF Score™ is 15/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Formation Metals (FOMTF), the current Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Formation Metals Business Description

Comparable Companies
Other Exchanges VF1:GermanyFOMO:Canada
Address 300 Granville Street, Unit 1245, Vancouver, BC, CAN, V6C 1V4
Formation Metals Inc is engaged in the acquisition and exploration of mineral property assets. Its portfolio includes Nicobat, a Nickel-Copper-Cobalt property in Ontario, and the N2 Gold project in Quebec.
15GF Score

Get the complete analysis for FOMTF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.24
Price