MNGG (Mining Global) Total Stockholders Equity: $-0.16 Mil (As of Nov. 2023)

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What is Mining Global Total Stockholders Equity?

Mining Global MNGG -99.00% Total Stockholders Equity is $-0.16 Mil as of Nov. 2023.

Mining Global's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-0.16 Mil. It refers to the net assets owned by shareholders. It does not include minority interest.

Total Stockholders Equity is used to calculate Book Value per Share. Mining Global's Book Value per Share for the quarter that ended in Nov. 2023 was $-0.00. The ratio of a company's debt over equity can be used to measure how leveraged this company is. Mining Global's Debt-to-Equity for the quarter that ended in Nov. 2023 was -0.98.

Mining Global  (OTCPK:MNGG) Total Stockholders Equity Explanation

1. Total Stockholders Equity is used to calculate Book Value per Share.

Mining Global's Book Value per Share for the quarter that ended in Nov. 2023 is

Book Value per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(-0.16-0.11)/7225.162
=-0.00

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

Mining Global's Debt-to-Equity for the quarter that ended in Nov. 2023 is

Debt-to-Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0.156 + 0) / -0.16
=-0.98

* 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.

Mining Global Total Stockholders Equity Related Terms

Mining Global Total Stockholders Equity Historical Data

* Premium members only.

The historical data trend for Mining Global's Total Stockholders 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.

Mining Global Total Stockholders Equity Chart

Mining Global Annual Data
Trend Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Total Stockholders Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.56 -0.61 -0.64 0.71 -0.06

Mining Global Quarterly Data
Feb12 May12 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Nov20 Feb21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Total Stockholders 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 0.74 0.72 -0.04 -0.16
What does a Total Stockholders Equity of $-0.16 Mil mean?
Mining Global (MNGG) has a Total Stockholders Equity of $-0.16 Mil as of Nov. 2023. The total amount of shareholder's equity as recorded on a company's balance sheet. View historical data for Mining Global and its competitors.
Is Mining Global's Total Stockholders Equity too high?
Mining Global's current Total Stockholders Equity is $-0.16 Mil.
How does Mining Global's Total Stockholders Equity compare to STAL and BMXI?
Mining Global's Total Stockholders Equity of $-0.16 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 Stockholders Equity for a Metals & Mining company?
A good Total Stockholders Equity depends on the Metals & Mining industry context. However, Total Stockholders 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 Stockholders Equity mean?
A high Total Stockholders Equity can signal that a stock is expensive relative to its fundamentals. The total amount of shareholder's equity as recorded on a company's balance sheet. View historical data for Mining Global and its competitors. Mining Global's current Total Stockholders Equity is $-0.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Global stock overvalued right now?
Mining Global (MNGG) has a current Total Stockholders Equity of $-0.16 Mil. The current Total Stockholders Equity is $-0.16 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Stockholders Equity calculated?
Total Stockholders Equity is calculated from a company's financial statements. For Mining Global (MNGG), the current Total Stockholders Equity is $-0.16 Mil as of Nov. 2023. 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.

Mining Global Business Description

Address 500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401
Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.