FOMI (Formation Minerals) Other Current Payables: $0.70 Mil (As of Jan. 2025)


What is Formation Minerals Other Current Payables?

Formation Minerals FOMI Other Current Payables is $0.70 Mil as of Jan. 2025.

Formation Minerals's Other Current Payables for the quarter that ended in Jan. 2025 was $0.70 Mil.

Formation Minerals's quarterly Other Current Payables increased from Jul. 2024 ($0.39 Mil) to Oct. 2024 ($0.55 Mil) and increased from Oct. 2024 ($0.55 Mil) to Jan. 2025 ($0.70 Mil).

Formation Minerals's annual Other Current Payables increased from Apr. 2022 ($0.20 Mil) to Apr. 2023 ($0.31 Mil) but then declined from Apr. 2023 ($0.31 Mil) to Apr. 2024 ($0.18 Mil).

Formation Minerals Other Current Payables Related Terms

Formation Minerals Other Current Payables Historical Data

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The historical data trend for Formation Minerals's Other Current Payables 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 Other Current Payables Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Other Current Payables
0.05 0.20 0.31 0.18

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Other Current Payables 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 0.18 0.18 0.39 0.55 0.70

Formation Minerals Other Current Payables Calculation

Other Current Payables is the payables owed and expected to be paid within one year or one operating cycle that not otherwise classified. It includes dividends payable and all other current payables.

Frequently Asked Questions Learn more about Other Current Payables →
What does a Other Current Payables of $0.70 Mil mean?
Formation Minerals (FOMI) has a Other Current Payables of $0.70 Mil as of Jan. 2025. Other Current Payables is the payables owed and expected to be paid within one year that not otherwise classified. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Other Current Payables too high?
Formation Minerals' current Other Current Payables is $0.70 Mil.
How does Formation Minerals' Other Current Payables compare to AVACF and COP?
Formation Minerals' Other Current Payables of $0.70 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 Other Current Payables for an Oil & Gas company?
A good Other Current Payables depends on the Oil & Gas industry context. However, Other Current Payables 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 Other Current Payables mean?
A high Other Current Payables can signal that a stock is expensive relative to its fundamentals. Other Current Payables is the payables owed and expected to be paid within one year that not otherwise classified. View historical data on Formation Minerals and its competitors. Formation Minerals's current Other Current Payables is $0.70 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 Other Current Payables of $0.70 Mil. The current Other Current Payables is $0.70 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Current Payables calculated?
Other Current Payables is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Other Current Payables is $0.70 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.