MJWL (Majic Wheels) Total Equity: $-3.76 Mil (As of Sep. 2012)


What is Majic Wheels Total Equity?

Majic Wheels MJWL -99.00% Total Equity is $-3.76 Mil as of Sep. 2012.

Majic Wheels's total equity for the quarter that ended in Sep. 2012 was $-3.76 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.

Majic Wheels Total Equity Historical Data

* Premium members only.

The historical data trend for Majic Wheels'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.

Majic Wheels Total Equity Chart

Majic Wheels Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Total Equity
-0.02 -0.02 -0.11 -0.67 -2.13

Majic Wheels Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Jun12 Sep12
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 -1.43 -1.48 -2.13 -3.86 -3.76

Majic Wheels Total Equity Calculation

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

Majic Wheels's Total Equity for the fiscal year that ended in Dec. 2011 is calculated as

Total Equity=Total Assets(Q: Dec. 2011 )-Total Liabilities(Q: Dec. 2011 )
=N/A-2.126
=N/A

Majic Wheels's Total Equity for the quarter that ended in Sep. 2012 is calculated as

Total Equity=Total Assets(Q: Sep. 2012 )-Total Liabilities(Q: Sep. 2012 )
=0.929-4.686
=-3.76

* 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 $-3.76 Mil mean?
Majic Wheels (MJWL) has a Total Equity of $-3.76 Mil as of Sep. 2012. The total amount of equity as record on a company's balance sheet. View historical data for Majic Wheels and its competitors.
Is Majic Wheels' Total Equity too high?
Majic Wheels' current Total Equity is $-3.76 Mil.
How does Majic Wheels' Total Equity compare to HGGGQ and EFTB?
Majic Wheels' Total Equity of $-3.76 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good Total Equity depends on the Waste Management 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 Majic Wheels and its competitors. Majic Wheels's current Total Equity is $-3.76 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majic Wheels stock overvalued right now?
Majic Wheels (MJWL) has a current Total Equity of $-3.76 Mil. The current Total Equity is $-3.76 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 Majic Wheels (MJWL), the current Total Equity is $-3.76 Mil as of Sep. 2012. 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.

Majic Wheels Business Description

Address 2401 Fountain View Drive, Suite 312, Houston, TX, USA, 77057
Majic Wheels Corp is engaged in waste management business engaged in junk removal, trash hauling, recycling, commercial and residential construction clean-up and demolition business.