Mining Global (Mining Global) Debt-to-Equity : -1.39 (As of Aug. 2023)

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What is Mining Global Debt-to-Equity?

Mining Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.05 Mil. Mining Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil. Mining Global's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $-0.04 Mil. Mining Global's debt to equity for the quarter that ended in Aug. 2023 was -1.39.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mining Global's Debt-to-Equity or its related term are showing as below:

MNGG' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.24 Med: -1.73 Max: 1.63
Current: -1.39

During the past 12 years, the highest Debt-to-Equity Ratio of Mining Global was 1.63. The lowest was -2.24. And the median was -1.73.

MNGG's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs MNGG: -1.39

Mining Global Debt-to-Equity Historical Data

The historical data trend for Mining Global's Debt-to-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.

* Premium members only.

Mining Global Debt-to-Equity Chart

Mining Global Annual Data

Trend

Aug10

Aug11

Aug12

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Debt-to-Equity

Get a 7-Day Free Trial

-1.83

-1.73

-1.69

1.63

-0.98

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Debt-to-Equity	Get a 7-Day Free Trial								-1.73	-1.69	1.63	-0.98	-1.39

Competitive Comparison of Mining Global's Debt-to-Equity

For the Gold subindustry, Mining Global's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mining Global's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mining Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mining Global's Debt-to-Equity falls into.

Mining Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mining Global's Debt to Equity Ratio for the fiscal year that ended in Aug. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.06	+	0)	/	-0.061
	=	-0.98

Mining Global's Debt to Equity Ratio for the quarter that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.05	+	0)	/	-0.036
	=	-1.39

Mining Global (OTCPK:MNGG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mining Global Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mining Global's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mining Global (Mining Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

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.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global (Mining Global) Headlines

From GuruFocus

Mining Global (OTC:MNGG) to Merge with Namibia African Lithium Mine

By ACCESSWIRE • 08-08-2023