Mining Global Inc
Mining Global Inc., an exploration stage company, operates in the gold mining business. It also explores for precious metals. The company was formerly known as Yaterra Ventures Corp. and changed its name to Mining Global Inc. in August 2014. The company was incorporated in 2006 and is based in West Palm Beach, Florida.
Mining Global Inc (MNGG) - Net Assets
Latest net assets as of November 2023: $-159.76K USD
Based on the latest financial reports, Mining Global Inc (MNGG) has net assets worth $-159.76K USD as of November 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.14K) and total liabilities ($172.91K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-159.76K |
| % of Total Assets | -1215.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Mining Global Inc - Net Assets Trend (2008–2023)
This chart illustrates how Mining Global Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mining Global Inc (2008–2023)
The table below shows the annual net assets of Mining Global Inc from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-08-31 | $-35.88K | +41.15% |
| 2022-08-31 | $-60.97K | -108.64% |
| 2021-08-31 | $706.05K | +210.68% |
| 2020-08-31 | $-637.90K | -5.23% |
| 2019-08-31 | $-606.22K | -8.49% |
| 2018-08-31 | $-558.76K | -76.04% |
| 2015-08-31 | $-317.40K | +90.48% |
| 2013-08-31 | $-3.34 Million | 0.00% |
| 2012-08-31 | $-3.34 Million | -620.31% |
| 2011-08-31 | $-463.01K | -63.13% |
| 2010-08-31 | $-283.82K | -113.66% |
| 2009-08-31 | $-132.84K | -2514.35% |
| 2008-08-31 | $-5.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mining Global Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9969900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.23 Million | % |
| Other Comprehensive Income | $-7.33K | % |
| Total Equity | $-35.88K | 100.00% |
Mining Global Inc Competitors by Market Cap
The table below lists competitors of Mining Global Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubilu Venture Corporation
PINK:HBUV
|
$721.52K |
|
Ankit Metal & Power Limited
NSE:ANKITMETAL
|
$722.48K |
|
ALPHAHELIX MOL.DIAGN. SK1
F:4MB
|
$723.25K |
|
Mentor Capital Inc.
OTCQB:MNTR
|
$723.43K |
|
Benz Mining Corp
PINK:BENZF
|
$721.38K |
|
KORE Mining Ltd
PINK:KOREF
|
$720.91K |
|
Thirdeye Systems Ltd
TA:THES
|
$720.84K |
|
Backstageplay Inc
PINK:PRYNF
|
$720.66K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mining Global Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -60,973 to -35,882, a change of 25,091.
- Net loss of 35,409 reduced equity.
- New share issuances of 60,500 increased equity.
- Other comprehensive income increased equity by 0.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-35.41K | -98.68% |
| Share Issuances | $60.50K | +168.61% |
| Other Comprehensive Income | $0.34 | +0.0% |
| Other Changes | $-0.34 | -0.0% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Mining Global Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-08-31 | $0.00 | $0.00 | x |
| 2009-08-31 | $0.00 | $0.00 | x |
| 2010-08-31 | $0.00 | $0.00 | x |
| 2011-08-31 | $0.00 | $0.00 | x |
| 2012-08-31 | $0.00 | $0.00 | x |
| 2013-08-31 | $0.00 | $0.00 | x |
| 2018-08-31 | $0.00 | $0.00 | x |
| 2019-08-31 | $0.00 | $0.00 | x |
| 2020-08-31 | $0.00 | $0.00 | x |
| 2021-08-31 | $0.00 | $0.00 | x |
| 2022-08-31 | $0.00 | $0.00 | x |
| 2023-08-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mining Global Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-105.10K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-174.47K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-122.60K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-132.89K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.39 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.39 Million |
| 2015 | 0.00% | -38.79% | 0.37x | 0.00x | $-73.52K |
| 2018 | 0.00% | -242.14% | 0.03x | 0.00x | $-5.09K |
| 2019 | 0.00% | -141.26% | 0.04x | 0.00x | $13.16K |
| 2020 | 0.00% | -88.40% | 0.05x | 0.00x | $32.11K |
| 2021 | -16.47% | -484.85% | 0.02x | 2.03x | $-186.88K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-54.88K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-31.82K |
Industry Comparison
This section compares Mining Global Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mining Global Inc (MNGG) | $-159.76K | 0.00% | N/A | $721.51K |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |