MGXMF (MGX Minerals) Long-Term Debt: $2.15 Mil (As of Apr. 2021)

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What is MGX Minerals Long-Term Debt?

MGX Minerals MGXMF -95.00% Long-Term Debt is $2.15 Mil as of Apr. 2021.

MGX Minerals's Long-Term Debt for the quarter that ended in Apr. 2021 was $2.15 Mil.

MGX Minerals's quarterly Long-Term Debt increased from Oct. 2020 ($2.03 Mil) to Jan. 2021 ($2.11 Mil) and increased from Jan. 2021 ($2.11 Mil) to Apr. 2021 ($2.15 Mil).

MGX Minerals's annual Long-Term Debt declined from Jul. 2018 ($0.04 Mil) to Jul. 2019 ($0.02 Mil) but then increased from Jul. 2019 ($0.02 Mil) to Jul. 2020 ($2.21 Mil).

MGX Minerals  (OTCPK:MGXMF) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

MGX Minerals Long-Term Debt Related Terms

MGX Minerals Long-Term Debt Historical Data

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The historical data trend for MGX Minerals's Long-Term 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.

MGX Minerals Long-Term Debt Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.04 0.02 2.21

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
Long-Term Debt 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 0.00 2.21 2.03 2.11 2.15
Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of $2.15 Mil mean?
MGX Minerals (MGXMF) has a Long-Term Debt of $2.15 Mil as of Apr. 2021.
Is MGX Minerals' Long-Term Debt too high?
MGX Minerals' current Long-Term Debt is $2.15 Mil.
How does MGX Minerals' Long-Term Debt compare to competitors?
MGX Minerals' Long-Term Debt of $2.15 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 Long-Term Debt for a Metals & Mining company?
A good Long-Term Debt depends on the Metals & Mining industry context. However, Long-Term Debt 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 Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. MGX Minerals's current Long-Term Debt is $2.15 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 Long-Term Debt of $2.15 Mil. The current Long-Term Debt is $2.15 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Long-Term Debt is $2.15 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.