FOMI (Formation Minerals) Equity-to-Asset: -10.69 (As of Jan. 2025)

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What is Formation Minerals Equity-to-Asset?

Formation Minerals FOMI Equity-to-Asset is -10.69 as of Jan. 2025.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Formation Minerals's Total Stockholders Equity for the quarter that ended in Jan. 2025 was $-3.98 Mil. Formation Minerals's Total Assets for the quarter that ended in Jan. 2025 was $0.37 Mil. Therefore, Formation Minerals's Equity to Asset Ratio for the quarter that ended in Jan. 2025 was -10.69.

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

FOMI's Equity-to-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Equity-to-Asset only.

Formation Minerals  (OTCPK:FOMI) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Formation Minerals Equity-to-Asset Related Terms

Formation Minerals Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Equity-to-Asset 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 Equity-to-Asset Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Equity-to-Asset
0.97 0.95 -27.60 -55.60

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Equity-to-Asset 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 0.00 -55.60 -6.84 -8.86 -10.69

FOMI vs AVACF, COP, EOG: Equity-to-Asset Comparison

For the Oil & Gas E&P subindustry, Formation Minerals's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Formation Minerals's Equity-to-Asset distribution charts can be found below:

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


Formation Minerals Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Formation Minerals's Equity to Asset Ratio for the fiscal year that ended in Apr. 2024 is calculated as

Equity to Asset (A: Apr. 2024 )=Total Stockholders Equity/Total Assets
=-0.834/0.015
=-55.60

Formation Minerals's Equity to Asset Ratio for the quarter that ended in Jan. 2025 is calculated as

Equity to Asset (Q: Jan. 2025 )=Total Stockholders Equity/Total Assets
=-3.975/0.372
=-10.69

* 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 Equity-to-Asset →
What does a Equity-to-Asset of -10.69 mean?
Formation Minerals (FOMI) has a Equity-to-Asset of -10.69 as of Jan. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Equity-to-Asset too high?
Formation Minerals' current Equity-to-Asset is -10.69.
How does Formation Minerals' Equity-to-Asset compare to AVACF and COP?
Formation Minerals' Equity-to-Asset of -10.69 can be compared against companies in the Oil & Gas industry. The industry median Equity-to-Asset is 0.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.50, based on 1,030 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Formation Minerals and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formation Minerals's current Equity-to-Asset is -10.69. 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 Equity-to-Asset of -10.69. The current Equity-to-Asset is -10.69. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Equity-to-Asset is -10.69 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.