MRGE (Mirage Energy) Total Current Liabilities: $3.23 Mil (As of Jul. 2021)

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What is Mirage Energy Total Current Liabilities?

Mirage Energy MRGE Total Current Liabilities is $3.23 Mil as of Jul. 2021.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Mirage Energy's total current liabilities for the quarter that ended in Jul. 2021 was $3.23

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Mirage Energy Total Current Liabilities Related Terms

Mirage Energy Total Current Liabilities Historical Data

* Premium members only.

The historical data trend for Mirage Energy's Total Current Liabilities 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 Total Current Liabilities Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Total Current Liabilities
Get a 7-Day Free Trial 1.43 2.38 3.23 3.04 3.23

Mirage Energy Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Total Current Liabilities 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 3.04 3.11 3.81 3.79 3.23

Mirage Energy Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Mirage Energy's Total Current Liabilities for the fiscal year that ended in Jul. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.807+0.418
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=3.23

Mirage Energy's Total Current Liabilities for the quarter that ended in Jul. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.807+0.418
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=3.23

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

What does a Total Current Liabilities of $3.23 Mil mean?
Mirage Energy (MRGE) has a Total Current Liabilities of $3.23 Mil as of Jul. 2021. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Mirage Energy and its competitors.
Is Mirage Energy's Total Current Liabilities too high?
Mirage Energy's current Total Current Liabilities is $3.23 Mil.
How does Mirage Energy's Total Current Liabilities compare to EPD and WMB?
Mirage Energy's Total Current Liabilities of $3.23 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Liabilities for an Oil & Gas company?
A good Total Current Liabilities depends on the Oil & Gas industry context. However, Total Current Liabilities 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 Total Current Liabilities mean?
A high Total Current Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Mirage Energy and its competitors. Mirage Energy's current Total Current Liabilities is $3.23 Mil. 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 Total Current Liabilities of $3.23 Mil. The current Total Current Liabilities is $3.23 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Liabilities calculated?
Total Current Liabilities is calculated from a company's financial statements. For Mirage Energy (MRGE), the current Total Current Liabilities is $3.23 Mil 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.