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) - Total Assets
Latest total assets as of July 2023: $164.12K USD
Based on the latest financial reports, Mirage Energy Corp (MRGE) holds total assets worth $164.12K USD as of July 2023.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Mirage Energy Corp - Total Assets Trend (2014–2023)
This chart illustrates how Mirage Energy Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mirage Energy Corp - Asset Composition Analysis
Current Asset Composition (July 2023)
Mirage Energy Corp's total assets of $164.12K consist of 84.6% current assets and 15.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.0% |
| Accounts Receivable | $114.99K | 70.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2014–2023)
This chart illustrates how Mirage Energy Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mirage Energy Corp's current assets represent 84.6% of total assets in 2023, a decrease from 100.0% in 2014.
- Cash Position: Cash and equivalents constituted 1.0% of total assets in 2023, down from 100.0% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is accounts receivable at 70.1% of total assets.
Mirage Energy Corp Competitors by Total Assets
Key competitors of Mirage Energy Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
Mirage Energy Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Mirage Energy Corp generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Mirage Energy Corp is currently not profitable relative to its asset base.
Mirage Energy Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.05 | 0.01 | 0.01 |
| Quick Ratio | 0.05 | 0.01 | 0.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.83 Million | $ -2.94 Million | $ -2.37 Million |
Mirage Energy Corp - Advanced Valuation Insights
This section examines the relationship between Mirage Energy Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 24.75 |
| Asset Growth Rate (YoY) | 169.9% |
| Total Assets | $164.12K |
| Market Capitalization | $4.06 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Mirage Energy Corp's assets at a significant premium ( 24.75x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Mirage Energy Corp's assets grew by 169.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Mirage Energy Corp (2014–2023)
The table below shows the annual total assets of Mirage Energy Corp from 2014 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-07-31 | $164.12K | +169.93% |
| 2022-07-31 | $60.80K | -61.15% |
| 2021-07-31 | $156.50K | -15.35% |
| 2020-07-31 | $184.87K | +124.99% |
| 2019-07-31 | $82.17K | +200.78% |
| 2018-07-31 | $27.32K | +3.29% |
| 2017-07-31 | $26.45K | +394.63% |
| 2016-07-31 | $5.35K | -79.63% |
| 2015-07-31 | $26.25K | +433.06% |
| 2014-07-31 | $4.92K | -- |