MEG Energy Balance Sheet Health
Financial Health criteria checks 5/6
MEG Energy has a total shareholder equity of CA$4.5B and total debt of CA$1.1B, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are CA$6.9B and CA$2.4B respectively. MEG Energy's EBIT is CA$885.0M making its interest coverage ratio 8.2. It has cash and short-term investments of CA$174.0M.
Key information
24.8%
Debt to equity ratio
CA$1.12b
Debt
| Interest coverage ratio | 8.2x |
| Cash | CA$174.00m |
| Equity | CA$4.53b |
| Total liabilities | CA$2.37b |
| Total assets | CA$6.90b |
Recent financial health updates
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13
We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt
Sep 28Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 18MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly
Feb 01Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Oct 26Is MEG Energy (TSE:MEG) Using Too Much Debt?
Jun 04Recent updates
MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks
Apr 21The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
Mar 05MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Mar 02Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares
Jan 07MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate
Dec 20MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price
Dec 01We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt
Sep 28MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price
Sep 10Returns Are Gaining Momentum At MEG Energy (TSE:MEG)
Aug 23Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 18Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?
Jun 02MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
May 13Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching
Apr 28MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly
Feb 01If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity
Jan 16Is MEG Energy Corp. (TSE:MEG) Trading At A 45% Discount?
Dec 04Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Oct 26Is Now The Time To Put MEG Energy (TSE:MEG) On Your Watchlist?
Sep 09Is MEG Energy Corp. (TSE:MEG) Trading At A 39% Discount?
Aug 19Is MEG Energy (TSE:MEG) Using Too Much Debt?
Jun 04An Intrinsic Calculation For MEG Energy Corp. (TSE:MEG) Suggests It's 35% Undervalued
May 08Newsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue Forecasts
May 08Results: MEG Energy Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 07Financial Position Analysis
Short Term Liabilities: MEG's short term assets (CA$862.0M) exceed its short term liabilities (CA$584.0M).
Long Term Liabilities: MEG's short term assets (CA$862.0M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: MEG's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: MEG's debt to equity ratio has reduced from 96.7% to 24.8% over the past 5 years.
Debt Coverage: MEG's debt is well covered by operating cash flow (120%).
Interest Coverage: MEG's interest payments on its debt are well covered by EBIT (8.2x coverage).