MGXMF (MGX Minerals) Total Liabilities: $12.43 Mil (As of Apr. 2021)


What is MGX Minerals Total Liabilities?

MGX Minerals MGXMF -95.00% Total Liabilities is $12.43 Mil as of Apr. 2021.

MGX Minerals's Total Liabilities for the quarter that ended in Apr. 2021 was $12.43 Mil.

MGX Minerals's quarterly Total Liabilities increased from Oct. 2020 ($11.84 Mil) to Jan. 2021 ($12.23 Mil) and increased from Jan. 2021 ($12.23 Mil) to Apr. 2021 ($12.43 Mil).

MGX Minerals's annual Total Liabilities increased from Jul. 2018 ($2.53 Mil) to Jul. 2019 ($5.47 Mil) and increased from Jul. 2019 ($5.47 Mil) to Jul. 2020 ($12.37 Mil).

MGX Minerals Total Liabilities Historical Data

* Premium members only.

The historical data trend for MGX Minerals's Total Liabilities 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 Liabilities Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Total Liabilities
Get a 7-Day Free Trial Premium Member Only 0.48 0.94 2.53 5.47 12.37

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 Liabilities 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 7.44 12.37 11.84 12.23 12.43

MGX Minerals Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=10.138+(2.231+0
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=12.37

Total Liabilities=Total Assets (A: Jul. 2020 )-Total Equity (A: Jul. 2020 )
=8.969--3.399
=12.37

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=10.27+(2.163+4.4408920985006E-16
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=12.43

Total Liabilities=Total Assets (Q: Apr. 2021 )-Total Equity (Q: Apr. 2021 )
=9.218--3.214
=12.43

* 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 Liabilities →
What does a Total Liabilities of $12.43 Mil mean?
MGX Minerals (MGXMF) has a Total Liabilities of $12.43 Mil as of Apr. 2021. The total amount of liabilities as recorded on a company's balance sheet. View historical data for MGX Minerals and its competitors.
Is MGX Minerals' Total Liabilities too high?
MGX Minerals' current Total Liabilities is $12.43 Mil.
How does MGX Minerals' Total Liabilities compare to competitors?
MGX Minerals' Total Liabilities of $12.43 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 Liabilities for a Metals & Mining company?
A good Total Liabilities depends on the Metals & Mining industry context. However, Total Liabilities 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 Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for MGX Minerals and its competitors. MGX Minerals's current Total Liabilities is $12.43 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 Liabilities of $12.43 Mil. The current Total Liabilities is $12.43 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Total Liabilities is $12.43 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.