MRGE (Mirage Energy) Total Liabilities: $3.23 Mil (As of Jul. 2021)

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What is Mirage Energy Total Liabilities?

Mirage Energy MRGE Total Liabilities is $3.23 Mil as of Jul. 2021.

Mirage Energy's Total Liabilities for the quarter that ended in Jul. 2021 was $3.23 Mil.

Mirage Energy's quarterly Total Liabilities declined from Jan. 2021 ($3.82 Mil) to Apr. 2021 ($3.79 Mil) and declined from Apr. 2021 ($3.79 Mil) to Jul. 2021 ($3.23 Mil).

Mirage Energy's annual Total Liabilities declined from Jul. 2019 ($3.23 Mil) to Jul. 2020 ($3.04 Mil) but then increased from Jul. 2020 ($3.04 Mil) to Jul. 2021 ($3.23 Mil).

Mirage Energy Total Liabilities Historical Data

* Premium members only.

The historical data trend for Mirage Energy'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.

Mirage Energy Total Liabilities Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Total Liabilities
Get a 7-Day Free Trial 1.48 2.43 3.23 3.04 3.23

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 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 3.04 3.11 3.82 3.79 3.23

Mirage Energy 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.

Mirage Energy's Total Liabilities for the fiscal year that ended in Jul. 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
=3.225+(0.001+-1.1015494072453E-16
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=3.23

Total Liabilities=Total Assets (A: Jul. 2021 )-Total Equity (A: Jul. 2021 )
=0.156--3.07
=3.23

Mirage Energy's Total Liabilities for the quarter that ended in Jul. 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
=3.225+(0.001+-1.1015494072453E-16
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=3.23

Total Liabilities=Total Assets (Q: Jul. 2021 )-Total Equity (Q: Jul. 2021 )
=0.156--3.07
=3.23

* 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 $3.23 Mil mean?
Mirage Energy (MRGE) has a Total Liabilities of $3.23 Mil as of Jul. 2021. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Mirage Energy and its competitors.
Is Mirage Energy's Total Liabilities too high?
Mirage Energy's current Total Liabilities is $3.23 Mil.
How does Mirage Energy's Total Liabilities compare to EPD and WMB?
Mirage Energy's Total Liabilities of $3.23 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 Liabilities for an Oil & Gas company?
A good Total Liabilities depends on the Oil & Gas 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 Mirage Energy and its competitors. Mirage Energy's current Total Liabilities is $3.23 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 Liabilities of $3.23 Mil. The current Total Liabilities is $3.23 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 Mirage Energy (MRGE), the current Total Liabilities is $3.23 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.