FOMI (Formation Minerals) Ending Cash Position: $0.00 Mil (As of Jan. 2025)

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What is Formation Minerals Ending Cash Position?

Formation Minerals FOMI Ending Cash Position is $0.00 Mil as of Jan. 2025.

Formation Minerals's Ending Cash Position for the quarter that ended in Jan. 2025 was $0.00 Mil.

Formation Minerals's quarterly Ending Cash Position increased from Jul. 2024 ($-0.01 Mil) to Oct. 2024 ($0.01 Mil) but then declined from Oct. 2024 ($0.01 Mil) to Jan. 2025 ($0.00 Mil).

Formation Minerals's annual Ending Cash Position declined from Apr. 2022 ($0.44 Mil) to Apr. 2023 ($0.03 Mil) and declined from Apr. 2023 ($0.03 Mil) to Apr. 2024 ($0.00 Mil).

Formation Minerals Ending Cash Position Related Terms

Formation Minerals Ending Cash Position Historical Data

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The historical data trend for Formation Minerals's Ending Cash Position 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 Ending Cash Position Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Ending Cash Position
0.70 0.44 0.03 0.00

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Ending Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.00 -0.01 0.01 0.00

Formation Minerals Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

Formation Minerals's Ending Cash Position for the fiscal year that ended in Apr. 2024 is calculated as

Ending Cash Position= Beginning Cash Position+Net Change in Cash
=0.027+-0.027
=0.00

Formation Minerals's Ending Cash Position for the quarter that ended in Jan. 2025 is calculated as

Ending Cash Position=Beginning Cash Position+Net Change in Cash
=0.01+-0.01
=0.00

Frequently Asked Questions Learn more about Ending Cash Position →
What does a Ending Cash Position of $0.00 Mil mean?
Formation Minerals (FOMI) has a Ending Cash Position of $0.00 Mil as of Jan. 2025. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Ending Cash Position too high?
Formation Minerals' current Ending Cash Position is $0.00 Mil.
How does Formation Minerals' Ending Cash Position compare to AVACF and COP?
Formation Minerals' Ending Cash Position of $0.00 Mil 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 Ending Cash Position for an Oil & Gas company?
A good Ending Cash Position depends on the Oil & Gas industry context. However, Ending Cash Position 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 Ending Cash Position mean?
A high Ending Cash Position can signal that a stock is expensive relative to its fundamentals. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on Formation Minerals and its competitors. Formation Minerals's current Ending Cash Position is $0.00 Mil. 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 Ending Cash Position of $0.00 Mil. The current Ending Cash Position is $0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Ending Cash Position calculated?
Ending Cash Position is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Ending Cash Position is $0.00 Mil 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 Business Description

Industry EnergyOil & Gas
Address P.O. Box 67, Jacksboro, TX, USA, 76458
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.