MGXMF (MGX Minerals) Accounts Payable: $9.57 Mil (As of Apr. 2021)


What is MGX Minerals Accounts Payable?

MGX Minerals MGXMF -95.00% Accounts Payable is $9.57 Mil as of Apr. 2021.

MGX Minerals's Accounts Payable for the quarter that ended in Apr. 2021 was $9.57 Mil.

MGX Minerals's quarterly Accounts Payable increased from Oct. 2020 ($9.18 Mil) to Jan. 2021 ($9.59 Mil) but then declined from Jan. 2021 ($9.59 Mil) to Apr. 2021 ($9.57 Mil).

MGX Minerals's annual Accounts Payable increased from Jul. 2018 ($1.64 Mil) to Jul. 2019 ($4.83 Mil) and increased from Jul. 2019 ($4.83 Mil) to Jul. 2020 ($9.43 Mil).

MGX Minerals Accounts Payable Historical Data

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The historical data trend for MGX Minerals's Accounts Payable 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.

MGX Minerals Accounts Payable Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Accounts Payable
Get a 7-Day Free Trial Premium Member Only 0.41 0.85 1.64 4.83 9.43

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
Accounts Payable 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 Premium Member Only Premium Member Only Premium Member Only 6.81 9.43 9.18 9.59 9.57

MGX Minerals Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $9.57 Mil mean?
MGX Minerals (MGXMF) has a Accounts Payable of $9.57 Mil as of Apr. 2021. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on MGX Minerals and its competitors.
Is MGX Minerals' Accounts Payable too high?
MGX Minerals' current Accounts Payable is $9.57 Mil.
How does MGX Minerals' Accounts Payable compare to competitors?
MGX Minerals' Accounts Payable of $9.57 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Metals & Mining company?
A good Accounts Payable depends on the Metals & Mining industry context. However, Accounts Payable 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 Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on MGX Minerals and its competitors. MGX Minerals's current Accounts Payable is $9.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current Accounts Payable of $9.57 Mil. The current Accounts Payable is $9.57 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Accounts Payable is $9.57 Mil as of Apr. 2021. 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.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.