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Formation Minerals (OTCPK:FOMI) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Formation Minerals Effective Interest Rate on Debt % Related Terms
Formation Minerals Effective Interest Rate on Debt % Historical Data
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The historical data trend for Formation Minerals's Effective Interest Rate on Debt % 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 Minerals Effective Interest Rate on Debt % Chart
FOMI vs AVACF, COP, EOG: Effective Interest Rate on Debt % Comparison
For the Oil & Gas E&P subindustry, Formation Minerals's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Minerals Effective Interest Rate on Debt % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Formation Minerals's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Formation Minerals's Effective Interest Rate on Debt % falls into.
* 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.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Jan. 2025) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
What does a Effective Interest Rate on Debt % of 32.62% mean?
Formation Minerals (FOMI) has a Effective Interest Rate on Debt % of 32.62% as of Jan. 2025. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Effective Interest Rate on Debt % too high?
Formation Minerals' current Effective Interest Rate on Debt % is 32.62%.
How does Formation Minerals' Effective Interest Rate on Debt % compare to AVACF and COP?
Formation Minerals' Effective Interest Rate on Debt % of 32.62% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas industry context. However, Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Formation Minerals and its competitors. Formation Minerals's current Effective Interest Rate on Debt % is 32.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formation Minerals stock overvalued right now?
Formation Minerals (FOMI) has a current Effective Interest Rate on Debt % of 32.62%. The current Effective Interest Rate on Debt % is 32.62%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Effective Interest Rate on Debt % is 32.62% as of Jan. 2025. 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 Minerals Inc is engaged in the acquisition and management of high-growth oil and gas minerals and royalties in the U.S. basins. The company is focused on providing returns through asset growth generated by acquisitions and organic growth of properties. Its portfolio includes the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Delaware and Permian Basin of Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma.
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