FOMI (Formation Minerals) Total Equity: $-3.98 Mil (As of Jan. 2025)


What is Formation Minerals Total Equity?

Formation Minerals FOMI Total Equity is $-3.98 Mil as of Jan. 2025.

Formation Minerals's total equity for the quarter that ended in Jan. 2025 was $-3.98 Mil.

This is Residual interest, including minority interest, that remains in the assets of the enterprise after deducting its liabilities. Equity is increased by owners’ investments and by comprehensive income, and it is reduced by distributions to the owners.

Formation Minerals Total Equity Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Total Equity 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 Equity Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Total Equity
-0.11 -0.46 -1.06 -0.83

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Total Equity 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 -0.83 -2.22 -2.92 -3.98

Formation Minerals Total Equity Calculation

Total Equity and Total Liabilities are the two components for Total Assets.

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

Total Equity=Total Assets(Q: Apr. 2024 )-Total Liabilities(Q: Apr. 2024 )
=0.015-0.848
=-0.83

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

Total Equity=Total Assets(Q: Jan. 2025 )-Total Liabilities(Q: Jan. 2025 )
=0.372-4.346
=-3.97

* 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 Total Equity →
What does a Total Equity of $-3.98 Mil mean?
Formation Minerals (FOMI) has a Total Equity of $-3.98 Mil as of Jan. 2025. The total amount of equity as record on a company's balance sheet. View historical data for Formation Minerals and its competitors.
Is Formation Minerals' Total Equity too high?
Formation Minerals' current Total Equity is $-3.98 Mil.
How does Formation Minerals' Total Equity compare to AVACF and COP?
Formation Minerals' Total Equity of $-3.98 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 Equity for an Oil & Gas company?
A good Total Equity depends on the Oil & Gas industry context. However, Total Equity 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 Equity mean?
A high Total Equity can signal that a stock is expensive relative to its fundamentals. The total amount of equity as record on a company's balance sheet. View historical data for Formation Minerals and its competitors. Formation Minerals's current Total Equity is $-3.98 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 Equity of $-3.98 Mil. The current Total Equity is $-3.98 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Equity calculated?
Total Equity is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Total Equity is $-3.98 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.