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Mirage Energy Corporation  (MRGE)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

Mirage Energy's Working Capital Ratio

MRGE's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Mirage Energy's Current Assets grew by 786.07 % in the IV Quarter 2021 sequentially, while Current Liabilities decreased, this led to improvement in Mirage Energy's Working Capital Ratio to 0.05, Working Capital Ratio remained below Mirage Energy Corporation average.

Within Natural Gas Utilities industry 30 other companies have achieved higher Working Capital Ratio than Mirage Energy in forth quarter 2021. While Working Capital Ratio total ranking in the forth quarter 2021 has deteriorated compared to the prior quarter from 5125 to 5460.

Explain Working Capital Ratio
How much in Current Assets MRGE´s has?
What is the value of MRGE´s Current Liabilities?


MRGE Working Capital Ratio (Jul 31 2021)
IV. Quarter
(Apr 30 2021)
III. Quarter
(Jan 31 2021)
II. Quarter
(Oct 31 2020)
I. Quarter
(Jul 31 2020)
IV. Quarter
Y / Y Current Liabilities Change 6.06 % -12.47 % -1.52 % -7.56 % -5.89 %
Y / Y Current Assets Change -15.25 % -79.82 % -22.18 % -10.57 % 144.41 %
Working Capital Ratio MRQ 0.05 0 0.02 0.06 0.06
MRGE's Total Ranking # 5460 # 5125 # 4958 # 4895 # 4550
Seq. Current Liabilities Change -14.78 % -0.74 % 22.65 % 2.23 % -29.68 %
Seq. Current Assets Change 786.07 % -79.51 % -57.37 % 9.52 % 111.01 %



Working Capital Ratio forth quarter 2021 Company Ranking
Within: No.
Natural Gas Utilities Industry # 31
Utilities Sector # 628
Overall Market # 5460


Working Capital Ratio Statistics
High Average Low
2.17 0.62 0
(Jul 31 2015)   (Oct 31 2017)




Financial Statements
Mirage Energy's Current Liabilities $ 3 Millions Visit MRGE's Balance sheet
Mirage Energy's Current Assets $ 0 Millions Visit MRGE's Balance sheet
Source of MRGE's Sales Visit MRGE's Sales by Geography


Cumulative Mirage Energy's Working Capital Ratio

MRGE's Working Capital Ratio for the trailling 12 Months

MRGE Working Capital Ratio

(Jul 31 2021)
IV. Quarter
(Apr 30 2021)
III. Quarter
(Jan 31 2021)
II. Quarter
(Oct 31 2020)
I. Quarter
(Jul 31 2020)
IV. Quarter
Y / Y Current Liabilities TTM Growth 6.06 % -12.47 % -1.52 % -7.56 % -5.89 %
Y / Y Current Assets TTM Growth -15.25 % -79.82 % -22.18 % -10.57 % 144.41 %
Working Capital Ratio TTM 0.03 0.03 0.04 0.04 0.04
Total Ranking TTM # 4950 # 4686 # 4682 # 4918 # 4686
Seq. Current Liabilities TTM Growth -14.78 % -0.74 % 22.65 % 2.23 % -29.68 %
Seq. Current Assets TTM Growth 786.07 % -79.51 % -57.37 % 9.52 % 111.01 %


On the trailing twelve months basis In Spite of the fall in Current Liabilities in the IV Quarter 2021 to $3.23 millions, cumulative Working Capital Ratio remained unchanged at 0.03 below the Mirage Energy Corporation average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 55 other companies have achieved higher Working Capital Ratio than Mirage Energy. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2021 from 4686 to 4950.

Explain Working Capital Ratio
How much in Current Assets MRGE´s has?
What is the value of MRGE´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Natural Gas Utilities Industry # 56
Utilities Sector # 131
Within the Market # 4950


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.36 0.38 0.01
(Apr 30 2016)   (Jul 31 2018)




Companies with similar Working Capital Ratio in the quarter ending Jul 31 2021, within Natural Gas Utilities Industry Working Capital RatioJul 31 2021 MRQ Current AssetsJul 31 2021 MRQ Current Liabilities
Summit Midstream Partners Lp  0.09 $ 79.848  Millions$ 846.926  Millions
Archaea Energy Inc   0.06 $ 0.475  Millions$ 8.022  Millions
Mirage Energy Corporation  0.05 $ 0.150  Millions$ 3.225  Millions

Date modified: -0001-11-30T00:00:00+00:00



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