MEG Energy Balance Sheet Health
Financial Health criteria checks 5/6
MEG Energy has a total shareholder equity of CA$4.6B and total debt of CA$804.0M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CA$6.7B and CA$2.1B respectively. MEG Energy's EBIT is CA$830.0M making its interest coverage ratio 9.7. It has cash and short-term investments of CA$179.0M.
Key information
17.4%
Debt to equity ratio
CA$804.00m
Debt
| Interest coverage ratio | 9.7x |
| Cash | CA$179.00m |
| Equity | CA$4.61b |
| Total liabilities | CA$2.08b |
| Total assets | CA$6.69b |
Recent financial health updates
Is MEG Energy (TSE:MEG) Using Too Much Debt?
Oct 03
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 04Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13We 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 01Recent updates
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?
Oct 15Is MEG Energy (TSE:MEG) Using Too Much Debt?
Oct 03MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
Sep 19Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)
Aug 10MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Jun 18Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 04The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
May 08Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?
May 05MEG 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 19Financial Position Analysis
Short Term Liabilities: MEG's short term assets (CA$810.0M) exceed its short term liabilities (CA$523.0M).
Long Term Liabilities: MEG's short term assets (CA$810.0M) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: MEG's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: MEG's debt to equity ratio has reduced from 85.1% to 17.4% over the past 5 years.
Debt Coverage: MEG's debt is well covered by operating cash flow (194.7%).
Interest Coverage: MEG's interest payments on its debt are well covered by EBIT (9.7x coverage).