Mirage Energy Corp
Mirage Energy Corporation, through its subsidiaries, focuses on developing an integrated pipeline and natural gas storage facility in Mexico and the United States. The company was formerly known as Bridgewater Platforms Inc. and changed its name to Mirage Energy Corporation in November 2016. Mirage Energy Corporation was incorporated in 2014 and is based in San Antonio, Texas.
Mirage Energy Corp (MRGE) - Net Assets
Latest net assets as of July 2023: $-2.81 Million USD
Based on the latest financial reports, Mirage Energy Corp (MRGE) has net assets worth $-2.81 Million USD as of July 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($164.12K) and total liabilities ($2.97 Million). 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 | $-2.81 Million |
| % of Total Assets | -1710.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1167.35 |
Mirage Energy Corp - Net Assets Trend (2014–2023)
This chart illustrates how Mirage Energy Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mirage Energy Corp (2014–2023)
The table below shows the annual net assets of Mirage Energy Corp from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-07-31 | $-2.81 Million | +3.99% |
| 2022-07-31 | $-2.92 Million | +4.77% |
| 2021-07-31 | $-3.07 Million | -7.45% |
| 2020-07-31 | $-2.86 Million | +9.30% |
| 2019-07-31 | $-3.15 Million | -30.91% |
| 2018-07-31 | $-2.41 Million | -65.11% |
| 2017-07-31 | $-1.46 Million | -10759.79% |
| 2016-07-31 | $-13.42K | -194.47% |
| 2015-07-31 | $14.20K | +2140.22% |
| 2014-07-31 | $634.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mirage Energy Corp'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 decreased by 1704157700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $507.71K | % |
| Other Comprehensive Income | $-507.71K | % |
| Other Components | $14.24 Million | % |
| Total Equity | $-2.81 Million | 100.00% |
Mirage Energy Corp Competitors by Market Cap
The table below lists competitors of Mirage Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOMO HOLDINGS LTD HD-01
F:5WZ
|
$4.06 Million |
|
HCA HLDGS
BE:2BH
|
$4.06 Million |
|
FTC SOLAR INC. DL -0001
F:6YK
|
$4.06 Million |
|
TOBESOFT Co. Ltd
KQ:079970
|
$4.07 Million |
|
Adventa Bhd
KLSE:7191
|
$4.06 Million |
|
KOYJ Co. Ltd
KQ:121850
|
$4.06 Million |
|
NetX Holdings Bhd
KLSE:0020
|
$4.06 Million |
|
Mud & Hound Public Company Limited
BK:MUD
|
$4.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirage Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -2,923,193 to -2,806,699, a change of 116,494.
- Net loss of 71,942 reduced equity.
- Other comprehensive income decreased equity by 10,303.
- Other factors increased equity by 198,739.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-71.94K | -2.56% |
| Other Comprehensive Income | $-10.30K | -0.37% |
| Other Changes | $198.74K | +7.08% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Mirage Energy Corp'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 |
|---|---|---|---|
| 2014-07-31 | $0.00 | $0.04 | x |
| 2015-07-31 | $0.00 | $0.04 | x |
| 2016-07-31 | $0.00 | $0.04 | x |
| 2017-07-31 | $-0.01 | $0.04 | x |
| 2018-07-31 | $-0.01 | $0.04 | x |
| 2019-07-31 | $-0.01 | $0.04 | x |
| 2020-07-31 | $-0.01 | $0.04 | x |
| 2021-07-31 | $-0.01 | $0.04 | x |
| 2022-07-31 | $-0.01 | $0.04 | x |
| 2023-07-31 | $-0.01 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirage Energy Corp 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 (-312.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -2754.57% | 0.00% | 0.00x | 7.77x | $-17.53K |
| 2015 | -367.32% | -329.47% | 0.60x | 1.85x | $-53.59K |
| 2016 | 0.00% | -94.72% | 5.34x | 0.00x | $-25.71K |
| 2017 | 0.00% | -4883.78% | 1.08x | 0.00x | $-1.25 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.26 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.90 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.07 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.92 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-551.68K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $208.73K |
Industry Comparison
This section compares Mirage Energy Corp's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirage Energy Corp (MRGE) | $-2.81 Million | -2754.57% | N/A | $4.06 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |