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


What is Formation Minerals Total Liabilities?

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

Formation Minerals's Total Liabilities for the quarter that ended in Jan. 2025 was $4.35 Mil.

Formation Minerals's quarterly Total Liabilities increased from Jul. 2024 ($2.55 Mil) to Oct. 2024 ($3.25 Mil) and increased from Oct. 2024 ($3.25 Mil) to Jan. 2025 ($4.35 Mil).

Formation Minerals's annual Total Liabilities increased from Apr. 2022 ($0.90 Mil) to Apr. 2023 ($1.10 Mil) but then declined from Apr. 2023 ($1.10 Mil) to Apr. 2024 ($0.85 Mil).

Formation Minerals Total Liabilities Historical Data

* Premium members only.

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

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Total Liabilities
0.85 0.90 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 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 Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=0.848+(0+0
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=0.85

Total Liabilities=Total Assets (A: Apr. 2024 )-Total Equity (A: Apr. 2024 )
=0.015--0.834
=0.85

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=4.346+(0+0
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=4.35

Total Liabilities=Total Assets (Q: Jan. 2025 )-Total Equity (Q: Jan. 2025 )
=0.372--3.975
=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.

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