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

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What is Mirage Energy Debt-to-Equity?

Mirage Energy MRGE Debt-to-Equity is -0.14 as of Jul. 2021.

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: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

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

Mirage Energy Debt-to-Equity Historical Data

* Premium members only.

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.

Mirage Energy Debt-to-Equity Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Debt-to-Equity
Get a 7-Day Free Trial -0.20 -0.22 -0.23 -0.14 -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 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 -0.14 -0.15 -0.30 -0.26 -0.14

MRGE vs EPD, WMB, KMI: Debt-to-Equity Comparison

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 Debt-to-Equity vs 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

* 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 -0.14 mean?
Mirage Energy (MRGE) has a Debt-to-Equity of -0.14 as of Jul. 2021. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mirage Energy and its competitors.
Is Mirage Energy's Debt-to-Equity too high?
Mirage Energy's current Debt-to-Equity is -0.14.
How does Mirage Energy's Debt-to-Equity compare to EPD and WMB?
Mirage Energy's Debt-to-Equity of -0.14 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.45. 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 809 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 Mirage Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirage Energy's current Debt-to-Equity is -0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirage Energy stock overvalued right now?
Mirage Energy (MRGE) has a current Debt-to-Equity of -0.14. The current Debt-to-Equity is -0.14. 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 Mirage Energy (MRGE), the current Debt-to-Equity is -0.14 as of Jul. 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.

Mirage Energy Business Description

Industry EnergyOil & Gas
Address 900 Isom Road, Suite 306, San Antonio, TX, USA, 78216
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.