FOMI (Formation Minerals) Interest Expense: $-0.07 Mil (TTM As of Jan. 2025)


What is Formation Minerals Interest Expense?

Formation Minerals FOMI Interest Expense is $-0.07 Mil as of Jan. 2025.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Formation Minerals's interest expense for the three months ended in Jan. 2025 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2025 was $-0.07 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Formation Minerals's Operating Income for the three months ended in Jan. 2025 was $ -0.37 Mil. Formation Minerals's Interest Expense for the three months ended in Jan. 2025 was $ -0.02 Mil. Formation Minerals did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Formation Minerals  (OTCPK:FOMI) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Formation Minerals's Interest Expense for the three months ended in Jan. 2025 was $-0.02 Mil. Its Operating Income for the three months ended in Jan. 2025 was $-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2025 was $0.00 Mil.

Formation Minerals's Interest Coverage for the quarter that ended in Jan. 2025 is calculated as

Formation Minerals did not have earnings to cover the interest expense.

* 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.

The higher the ratio, the stronger the company's financial strength is.

Formation Minerals Interest Expense Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Interest 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.

Formation Minerals Interest Expense Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Interest Expense
-0.03 -0.01 -0.01 -0.00

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Interest Expense 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 0.01 -0.04 -0.02 -0.02

Formation Minerals Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.07 Mil.

* 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 Interest Expense →
What does a Interest Expense of $-0.07 Mil mean?
Formation Minerals (FOMI) has a Interest Expense of $-0.07 Mil as of Jan. 2025. Interest Expense is the amount a company pays on its long-term debt. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Interest Expense too high?
Formation Minerals' current Interest Expense is $-0.07 Mil.
How does Formation Minerals' Interest Expense compare to AVACF and COP?
Formation Minerals' Interest Expense of $-0.07 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 Interest Expense for an Oil & Gas company?
A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Formation Minerals and its competitors. Formation Minerals's current Interest Expense is $-0.07 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 Interest Expense of $-0.07 Mil. The current Interest Expense is $-0.07 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Interest Expense is $-0.07 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.