Mirage Energy (Mirage Energy) Debt-to-Equity : -0.14 (As of Jul. 2021)

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What is Mirage Energy Debt-to-Equity?

Mirage Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2021 was $0.42 Mil. Mirage Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2021 was $0.00 Mil. Mirage Energy's Total Stockholders Equity for the quarter that ended in Jul. 2021 was $-3.07 Mil. Mirage Energy's debt to equity for the quarter that ended in Jul. 2021 was -0.14.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mirage Energy's Debt-to-Equity or its related term are showing as below:

MRGE's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Mirage Energy Debt-to-Equity Historical Data

The historical data trend for Mirage Energy's Debt-to-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.

* Premium members only.

Mirage Energy Debt-to-Equity Chart

Mirage Energy Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Debt-to-Equity

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-0.20

-0.22

-0.23

-0.14

Mirage Energy Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Debt-to-Equity	Get a 7-Day Free Trial															-0.14	-0.15	-0.30	-0.26	-0.14

Competitive Comparison of Mirage Energy's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Mirage Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mirage Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mirage Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mirage Energy's Debt-to-Equity falls into.

Mirage Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mirage Energy's Debt to Equity Ratio for the fiscal year that ended in Jul. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.418	+	0.001)	/	-3.07
	=	-0.14

Mirage Energy's Debt to Equity Ratio for the quarter that ended in Jul. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.418	+	0.001)	/	-3.07
	=	-0.14

Mirage Energy (OTCPK:MRGE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mirage Energy Debt-to-Equity Related Terms

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Mirage Energy (Mirage Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mirage Energy Corp (OTCPK:MRGE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 Isom Road, Suite 306, San Antonio, TX, USA, 78216

Website

https://www.mirageenergycorp.com

Mirage Energy Corp develops an integrated natural gas transportation and storage facility in Mexico and the United States. The natural gas will be exported from the United States by pipeline to the Mexican storage unit for later distribution throughout Mexico.

Executives

David Cibrian	director	6 VINTAGE OAKS SAN ANTONIO TX 78248
Alejandro Amelio	director	81 CHELSEA BLVD. HOUSTON TX 77006
Soll Alfred Sussman	director	114 HAZELNUT COURT DRIFTWOOD TX 78619
Michael R Ward	director, 10 percent owner	13707 BLUFF GATE SAN ANTONIO TX 78216
Sadru Karim	10 percent owner	44120 HUNTER TERRACE FREMONT CA 94539
John Dosser	officer: Vice President	21114 LA PENA SAN ANTONIO TX 78258
Patrick Dosser	officer: Vice President	510 CALUMET SAN ANTONIO TX 78209