FOMI (Formation Minerals) Total Current Liabilities: $4.35 Mil (As of Jan. 2025)


What is Formation Minerals Total Current Liabilities?

Formation Minerals FOMI Total Current Liabilities is $4.35 Mil as of Jan. 2025.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Formation Minerals's total current liabilities for the quarter that ended in Jan. 2025 was $4.35

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His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Formation Minerals Total Current Liabilities Related Terms

Formation Minerals Total Current Liabilities Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Total Current Liabilities 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 Total Current Liabilities Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Total Current Liabilities
0.62 0.89 1.10 0.85

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Total Current Liabilities 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 0.62 0.85 2.55 3.25 4.35

Formation Minerals Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Formation Minerals's Total Current Liabilities for the fiscal year that ended in Apr. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.619+0.23
+Other Current Liabilities+Current Deferred Liabilities
=-0.001+0
=0.85

Formation Minerals's Total Current Liabilities for the quarter that ended in Jan. 2025 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.471+0.3
+Other Current Liabilities+Current Deferred Liabilities
=0.575+0
=4.35

* 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 increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

What does a Total Current Liabilities of $4.35 Mil mean?
Formation Minerals (FOMI) has a Total Current Liabilities of $4.35 Mil as of Jan. 2025. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Formation Minerals and its competitors.
Is Formation Minerals' Total Current Liabilities too high?
Formation Minerals' current Total Current Liabilities is $4.35 Mil.
How does Formation Minerals' Total Current Liabilities compare to AVACF and COP?
Formation Minerals' Total Current Liabilities of $4.35 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 Total Current Liabilities for an Oil & Gas company?
A good Total Current Liabilities depends on the Oil & Gas industry context. However, Total Current Liabilities 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 Total Current Liabilities mean?
A high Total Current Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Formation Minerals and its competitors. Formation Minerals's current Total Current Liabilities is $4.35 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 Total Current Liabilities of $4.35 Mil. The current Total Current Liabilities is $4.35 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Liabilities calculated?
Total Current Liabilities is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Total Current Liabilities is $4.35 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.