MNGG (Mining Global) Debt-to-Equity: -0.98 (As of Nov. 2023)

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What is Mining Global Debt-to-Equity?

Mining Global MNGG -99.00% Debt-to-Equity is -0.98 as of Nov. 2023.

Mining Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.16 Mil. Mining Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Mining Global's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-0.16 Mil. Mining Global's debt to equity for the quarter that ended in Nov. 2023 was -0.98.

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 Mining Global's Debt-to-Equity or its related term are showing as below:

MNGG's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Mining Global  (OTCPK:MNGG) 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.

Mining Global Debt-to-Equity Related Terms

Mining Global Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Mining Global'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.

Mining Global Debt-to-Equity Chart

Mining Global Annual Data
Trend Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.83 -1.73 -1.69 1.63 -0.98

Mining Global Quarterly Data
Feb12 May12 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Nov20 Feb21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Debt-to-Equity 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 1.10 0.83 0.89 -1.39 -0.98

MNGG vs STAL, BMXI, NSAUF: Debt-to-Equity Comparison

For the Gold subindustry, Mining Global'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.

Mining Global Debt-to-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mining Global's Debt-to-Equity distribution charts can be found below:

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


Mining Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mining Global's Debt to Equity Ratio for the fiscal year that ended in Aug. 2022 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
=(0.06 + 0) / -0.061
=-0.98

Mining Global's Debt to Equity Ratio for the quarter that ended in Nov. 2023 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
=(0.156 + 0) / -0.16
=-0.98

* 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 Debt-to-Equity →
What does a Debt-to-Equity of -0.98 mean?
Mining Global (MNGG) has a Debt-to-Equity of -0.98 as of Nov. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mining Global and its competitors.
Is Mining Global's Debt-to-Equity too high?
Mining Global's current Debt-to-Equity is -0.98.
How does Mining Global's Debt-to-Equity compare to STAL and BMXI?
Mining Global's Debt-to-Equity of -0.98 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,231 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mining Global and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Global's current Debt-to-Equity is -0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Global stock overvalued right now?
Mining Global (MNGG) has a current Debt-to-Equity of -0.98. The current Debt-to-Equity is -0.98. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Mining Global (MNGG), the current Debt-to-Equity is -0.98 as of Nov. 2023. 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.

Mining Global Business Description

Address 500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401
Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.