MRGE (Mirage Energy) Total Equity: $-3.07 Mil (As of Jul. 2021)

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What is Mirage Energy Total Equity?

Mirage Energy MRGE Total Equity is $-3.07 Mil as of Jul. 2021.

Mirage Energy's total equity for the quarter that ended in Jul. 2021 was $-3.07 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.

Mirage Energy Total Equity Historical Data

* Premium members only.

The historical data trend for Mirage Energy'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.

Mirage Energy Total Equity Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Total Equity
Get a 7-Day Free Trial -1.46 -2.41 -3.15 -2.86 -3.07

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 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 -2.86 -2.91 -3.73 -3.76 -3.07

Mirage Energy Total Equity Calculation

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

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

Total Equity=Total Assets(Q: Jul. 2021 )-Total Liabilities(Q: Jul. 2021 )
=0.156-3.226
=-3.07

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

Total Equity=Total Assets(Q: Jul. 2021 )-Total Liabilities(Q: Jul. 2021 )
=0.156-3.226
=-3.07

* 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 $-3.07 Mil mean?
Mirage Energy (MRGE) has a Total Equity of $-3.07 Mil as of Jul. 2021. The total amount of equity as record on a company's balance sheet. View historical data for Mirage Energy and its competitors.
Is Mirage Energy's Total Equity too high?
Mirage Energy's current Total Equity is $-3.07 Mil.
How does Mirage Energy's Total Equity compare to EPD and WMB?
Mirage Energy's Total Equity of $-3.07 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 Equity for an Oil & Gas company?
A good Total Equity depends on the Oil & Gas 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 Mirage Energy and its competitors. Mirage Energy's current Total Equity is $-3.07 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 Equity of $-3.07 Mil. The current Total Equity is $-3.07 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 Mirage Energy (MRGE), the current Total Equity is $-3.07 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.