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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ME7's short term assets (CA$862.0M) exceed its short term liabilities (CA$584.0M).
Long Term Liabilities: ME7'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: ME7's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: ME7's debt to equity ratio has reduced from 96.7% to 24.8% over the past 5 years.
Debt Coverage: ME7's debt is well covered by operating cash flow (120%).
Interest Coverage: ME7's interest payments on its debt are well covered by EBIT (8.2x coverage).