NMGX (Nano Magic) Total Equity: $-1.65 Mil (As of Mar. 2025)


What is Nano Magic Total Equity?

Nano Magic NMGX Total Equity is $-1.65 Mil as of Mar. 2025.

Nano Magic's total equity for the quarter that ended in Mar. 2025 was $-1.65 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.

Nano Magic Total Equity Historical Data

* Premium members only.

The historical data trend for Nano Magic'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.

Nano Magic Total Equity Chart

Nano Magic Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.92 1.62 1.31 -0.91

Nano Magic Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -0.03 -0.15 -0.91 -1.65

Nano Magic Total Equity Calculation

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

Nano Magic's Total Equity for the fiscal year that ended in Dec. 2024 is calculated as

Total Equity=Total Assets(Q: Dec. 2024 )-Total Liabilities(Q: Dec. 2024 )
=1.895-2.808
=-0.91

Nano Magic's Total Equity for the quarter that ended in Mar. 2025 is calculated as

Total Equity=Total Assets(Q: Mar. 2025 )-Total Liabilities(Q: Mar. 2025 )
=1.775-3.425
=-1.65

* 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 $-1.65 Mil mean?
Nano Magic (NMGX) has a Total Equity of $-1.65 Mil as of Mar. 2025. The total amount of equity as record on a company's balance sheet. View historical data for Nano Magic and its competitors.
Is Nano Magic's Total Equity too high?
Nano Magic's current Total Equity is $-1.65 Mil.
How does Nano Magic's Total Equity compare to CNEY and BGLC?
Nano Magic's Total Equity of $-1.65 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Total Equity depends on the Chemicals 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 Nano Magic and its competitors. Nano Magic's current Total Equity is $-1.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Magic stock overvalued right now?
Nano Magic (NMGX) has a current Total Equity of $-1.65 Mil. The current Total Equity is $-1.65 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 Nano Magic (NMGX), the current Total Equity is $-1.65 Mil as of Mar. 2025. 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.

Nano Magic Business Description

Address 31601 Research Park Drive, Madison Heights, MI, USA, 48071
Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sports, and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces. The majority of revenue is from the United States.