Mirage Energy (Mirage Energy) Cash-to-Debt : 0.24 (As of Jul. 2021)

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What is Mirage Energy Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mirage Energy's cash to debt ratio for the quarter that ended in Jul. 2021 was 0.24.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mirage Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2021.

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

MRGE's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.505
* Ranked among companies with meaningful Cash-to-Debt only.

Mirage Energy Cash-to-Debt Historical Data

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

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Mirage Energy Cash-to-Debt Chart

Mirage Energy Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Cash-to-Debt

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0.04

0.02

0.10

0.41

0.24

Mirage Energy Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Cash-to-Debt	Get a 7-Day Free Trial															0.41	0.40	0.05	-	0.24

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

For the Oil & Gas Midstream subindustry, Mirage Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Mirage Energy Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.099	/	(0.418	+	0.001)
	=	0.24

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.099	/	(0.418	+	0.001)
	=	0.24

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

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Mirage Energy Cash-to-Debt 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 » Cash-to-Debt

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