Formation Minerals, Inc.
Formation Minerals, Inc. engages in the acquisitions and development of oil and gas mineral. It owns royalty interests and holds a non-operated working interest in the oil and gas operations in the United States. The company is based in Jacksboro, Texas.
Formation Minerals, Inc. (FOMI) - Total Liabilities
Latest total liabilities as of January 2025: $4.35 Million USD
Based on the latest financial reports, Formation Minerals, Inc. (FOMI) has total liabilities worth $4.35 Million USD as of January 2025.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Formation Minerals, Inc. - Total Liabilities Trend (2021–2024)
This chart illustrates how Formation Minerals, Inc.'s total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Formation Minerals, Inc. Competitors by Total Liabilities
The table below lists competitors of Formation Minerals, Inc. ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Ridgefield Acquisition Corp
PINK:RDGA
|
USA | $242.68K |
|
CITY OF LON INV
BE:W8T
|
Germany | €25.33 Million |
|
MONEX GROUP
BE:NNL
|
Germany | €639.53 Billion |
|
AUCKLAND INTL AIRPORT LTD
BE:BZTA
|
Germany | €3.81 Billion |
|
ARISE (A4W.SG)
STU:A4W
|
Germany | €1.69 Billion |
|
AHT Syngas Technology NV
F:3SQ1
|
Germany | €6.14 Million |
Liability Composition Analysis (2021–2024)
This chart breaks down Formation Minerals, Inc.'s total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.04 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | -1.09 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 11.70 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Formation Minerals, Inc.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Formation Minerals, Inc. (2021–2024)
The table below shows the annual total liabilities of Formation Minerals, Inc. from 2021 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-04-30 | $848.42K | -22.96% |
| 2023-04-30 | $1.10 Million | +21.97% |
| 2022-04-30 | $902.85K | +6.44% |
| 2021-04-30 | $848.20K | -- |