MEG Energy Financial Health

Short Term Liabilities: MEG's short term assets (CA$1.0B) exceed its short term liabilities (CA$623.0M).

Long Term Liabilities: MEG's short term assets (CA$1.0B) do not cover its long term liabilities (CA$2.1B).

Debt Level: MEG's net debt to equity ratio (37%) is considered satisfactory.

Reducing Debt: MEG's debt to equity ratio has reduced from 117.1% to 40.8% over the past 5 years.

Debt Coverage: MEG's debt is well covered by operating cash flow (88.9%).

Interest Coverage: MEG's interest payments on its debt are well covered by EBIT (8x coverage).

• Healthy companies in the Energy industry.