MJWL (Majic Wheels) Total Liabilities: $4.69 Mil (As of Sep. 2012)


What is Majic Wheels Total Liabilities?

Majic Wheels MJWL -99.00% Total Liabilities is $4.69 Mil as of Sep. 2012.

Majic Wheels's Total Liabilities for the quarter that ended in Sep. 2012 was $4.69 Mil.

Majic Wheels's quarterly Total Liabilities increased from Dec. 2011 ($2.13 Mil) to Jun. 2012 ($4.82 Mil) but then declined from Jun. 2012 ($4.82 Mil) to Sep. 2012 ($4.69 Mil).

Majic Wheels's annual Total Liabilities increased from Dec. 2009 ($0.11 Mil) to Dec. 2010 ($0.67 Mil) and increased from Dec. 2010 ($0.67 Mil) to Dec. 2011 ($2.13 Mil).

Majic Wheels Total Liabilities Historical Data

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The historical data trend for Majic Wheels'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.

Majic Wheels Total Liabilities Chart

Majic Wheels Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Total Liabilities
0.11 0.07 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 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 1.43 1.48 2.13 4.82 4.69

Majic Wheels 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.

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=2.126+(0+0
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=2.13

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

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=4.528+(0.159+-0.00099999999999964
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=4.69

Total Liabilities=Total Assets (Q: Sep. 2012 )-Total Equity (Q: Sep. 2012 )
=0.929--3.757
=4.69

* 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 $4.69 Mil mean?
Majic Wheels (MJWL) has a Total Liabilities of $4.69 Mil as of Sep. 2012. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Majic Wheels and its competitors.
Is Majic Wheels' Total Liabilities too high?
Majic Wheels' current Total Liabilities is $4.69 Mil.
How does Majic Wheels' Total Liabilities compare to HGGGQ and EFTB?
Majic Wheels' Total Liabilities of $4.69 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 Liabilities for a Waste Management company?
A good Total Liabilities depends on the Waste Management 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 Majic Wheels and its competitors. Majic Wheels's current Total Liabilities is $4.69 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 Liabilities of $4.69 Mil. The current Total Liabilities is $4.69 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 Majic Wheels (MJWL), the current Total Liabilities is $4.69 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.