MGXMF (MGX Minerals) Total Equity: $-3.21 Mil (As of Apr. 2021)


What is MGX Minerals Total Equity?

MGX Minerals MGXMF -95.00% Total Equity is $-3.21 Mil as of Apr. 2021.

MGX Minerals's total equity for the quarter that ended in Apr. 2021 was $-3.21 Mil.

This is Residual interest, including minority interest, that remains in the assets of the enterprise after deducting its liabilities. Equity is increased by owners’ investments and by comprehensive income, and it is reduced by distributions to the owners.

MGX Minerals Total Equity Historical Data

* Premium members only.

The historical data trend for MGX Minerals's Total 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.

MGX Minerals Total Equity Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Total Equity
Get a 7-Day Free Trial Premium Member Only 0.70 8.17 26.45 14.93 -3.40

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
Total 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 9.16 -3.40 -3.92 -2.45 -3.21

MGX Minerals Total Equity Calculation

Total Equity and Total Liabilities are the two components for Total Assets.

MGX Minerals's Total Equity for the fiscal year that ended in Jul. 2020 is calculated as

Total Equity=Total Assets(Q: Jul. 2020 )-Total Liabilities(Q: Jul. 2020 )
=8.969-12.369
=-3.40

MGX Minerals's Total Equity for the quarter that ended in Apr. 2021 is calculated as

Total Equity=Total Assets(Q: Apr. 2021 )-Total Liabilities(Q: Apr. 2021 )
=9.218-12.433
=-3.22

* 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 Total Equity →
What does a Total Equity of $-3.21 Mil mean?
MGX Minerals (MGXMF) has a Total Equity of $-3.21 Mil as of Apr. 2021. The total amount of equity as record on a company's balance sheet. View historical data for MGX Minerals and its competitors.
Is MGX Minerals' Total Equity too high?
MGX Minerals' current Total Equity is $-3.21 Mil.
How does MGX Minerals' Total Equity compare to competitors?
MGX Minerals' Total Equity of $-3.21 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 Total Equity for a Metals & Mining company?
A good Total Equity depends on the Metals & Mining industry context. However, Total 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 Total Equity mean?
A high Total Equity can signal that a stock is expensive relative to its fundamentals. The total amount of equity as record on a company's balance sheet. View historical data for MGX Minerals and its competitors. MGX Minerals's current Total Equity is $-3.21 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 Total Equity of $-3.21 Mil. The current Total Equity is $-3.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Equity calculated?
Total Equity is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Total Equity is $-3.21 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.