MNGG (Mining Global) Total Equity: $-0.16 Mil (As of Nov. 2023)


What is Mining Global Total Equity?

Mining Global MNGG -99.00% Total Equity is $-0.16 Mil as of Nov. 2023.

Mining Global's total equity for the quarter that ended in Nov. 2023 was $-0.16 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.

Mining Global Total Equity Historical Data

* Premium members only.

The historical data trend for Mining Global'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.

Mining Global Total Equity Chart

Mining Global Annual Data
Trend Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Total Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.56 -0.61 -0.64 0.71 -0.06

Mining Global Quarterly Data
Feb12 May12 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Nov20 Feb21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 0.63 0.74 0.72 -0.04 -0.16

Mining Global Total Equity Calculation

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

Mining Global's Total Equity for the fiscal year that ended in Aug. 2022 is calculated as

Total Equity=Total Assets(Q: Aug. 2022 )-Total Liabilities(Q: Aug. 2022 )
=N/A-0.061
=N/A

Mining Global's Total Equity for the quarter that ended in Nov. 2023 is calculated as

Total Equity=Total Assets(Q: Nov. 2023 )-Total Liabilities(Q: Nov. 2023 )
=0.013-0.173
=-0.16

* 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 $-0.16 Mil mean?
Mining Global (MNGG) has a Total Equity of $-0.16 Mil as of Nov. 2023. The total amount of equity as record on a company's balance sheet. View historical data for Mining Global and its competitors.
Is Mining Global's Total Equity too high?
Mining Global's current Total Equity is $-0.16 Mil.
How does Mining Global's Total Equity compare to STAL and BMXI?
Mining Global's Total Equity of $-0.16 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 Mining Global and its competitors. Mining Global's current Total Equity is $-0.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Global stock overvalued right now?
Mining Global (MNGG) has a current Total Equity of $-0.16 Mil. The current Total Equity is $-0.16 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 Mining Global (MNGG), the current Total Equity is $-0.16 Mil as of Nov. 2023. 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.

Mining Global Business Description

Address 500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401
Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.